Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Ethereum Classic [ETC] leads the altcoin decline- Here’s the detailed report

    May 18, 2023

    Will May Make Or Break Bitcoin? Crucial Events To Watch This Month

    May 10, 2024

    How to Cancel Best Buy Credit Card

    July 31, 2024
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash

      July 8, 2025

      Digital trade tensions take center stage between the U.S. and South Korea

      July 7, 2025

      Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

      July 6, 2025

      Bitcoin: Here's why BTC might fall to $105K despite all the hype

      July 5, 2025

      Crypto Analyst Says Bitcoin Will ‘Leave People in Awe’ Once BTC Breaks Out, Outlines Path Forward for XRP

      July 4, 2025
    • Technology

      CleanSpark Doubles Bitcoin Mining Power After Georgia Expansion

      July 8, 2025

      Dogecoin price double bottoms as whale accumulation continues

      July 7, 2025

      Comment on Metaplanet Joins Top 5 Bitcoin Holders With 13,350 BTC as Stock Surges 10% by Bitcoin Treasuries Boom as Firms Add 8,400 BTC in Just One

      July 6, 2025

      Sonic Unveils New Consensus Protocol, Promising 2x Speed and 68% Less Memory Use

      July 5, 2025

      Why are Bitcoin and altcoins going down today?

      July 4, 2025
    • Learn/Guide

      Cardano Foundation unveils blockchain-based tool to simplify audit compliance and enhance financial reporting

      July 8, 2025

      Plume Network brings real-world yield to TRON’s global payment ecosystem via SkyLink integration

      July 7, 2025

      TON introduces UAE Golden Visa program through crypto staking, Toncoin soars 13%

      July 6, 2025

      Russia’s industrial powerhouse Rostec to launch ruble-backed token on Tron

      July 5, 2025

      Dormant Bitcoin whale activates after 14 years and moves 60,000 BTC

      July 4, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Analysts claim crypto capital rotation is driving Ethereum, Cardano and Solana gains
    News

    Analysts claim crypto capital rotation is driving Ethereum, Cardano and Solana gains

    November 28, 20243 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Analysts claim crypto capital rotation is driving Ethereum, Cardano and Solana gains
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Ethereum has seen a notable resurgence in the past 24 hours, gaining over 5%, while bitcoin traded up a more modest 1.5% over the same period. This shift in market dynamics is reflected in a 13% surge in the ETH/BTC trading pair, which rose from 0.0318 to 0.0371 in the past day — marking a significant recovery from its post-election low. 

    “After Bitcoin’s dip, Ethereum is staging a comeback, with signs the market is shifting flows to ETH and alts, as evidenced by a 13% surge in the ETH/BTC pair,” QCP Capital analysts said.

    Ethereum, Cardano, and Solana have posted gains of 5%, 9%, and 4%, respectively, in the past 24 hours, while Bitcoin’s increase was more modest at 1.5%, according to The Block’s Prices Page.

    ETH/BTC trading pair is at a multi-month high. Image: TradingView

    Market indicators reflect increased investor interest in Ethereum, with its decentralized finance sector seeing significant growth. Ethereum DeFi’s total value locked has surged by 7% in the past week, now standing at $66.43 billion, according to DefiLlama. 

    The broader cryptocurrency market is being influenced by developments in traditional finance, including a rally in U.S. markets following president-elect Donald Trump’s nomination of Scott Bessent as Treasury Secretary, which boosted investor sentiment. The Dow Jones and S&P 500 both hit record highs on Tuesday, with the Dow rising 123.74 points (+0.28%) to close at 44,860.31, reversing a drop of over 300 points earlier in the session. The S&P 500 added 0.57%, closing at 6,021.63, while the Nasdaq Composite gained 0.63% to reach 19,174.30. Investors responded positively to Bessent’s “3 Arrows” strategy, which focuses on targeting a 3% budget deficit by 2028, 3% GDP growth, and a daily oil production increase of 3 million barrels.

    The global cryptocurrency market cap stands at $3.4 trillion, an increase of 2.1% in the past 24 hours, according to Coingecko data. Bitcoin dominance is at 54.7% and Ethereum dominance is at 12.4%.


    Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

    © 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash

    July 8, 2025

    Digital trade tensions take center stage between the U.S. and South Korea

    July 7, 2025

    Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

    July 6, 2025

    Bitcoin: Here's why BTC might fall to $105K despite all the hype

    July 5, 2025
    Top Posts

    Bitcoin holds $100K as Fed keeps rates steady, Powell remains cautious on cuts

    January 30, 2025

    FTX Token is Predicted to Drop to $0.903293 By Jun 13, 2023

    June 8, 2023

    Telegram CEO Pavel Durov responds to accusations after indictment

    September 6, 2024

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    UAE Rejects $100K Crypto Visa Program as TON’s Staking Plan Triggers Regulatory Backlash

    July 8, 2025

    Digital trade tensions take center stage between the U.S. and South Korea

    July 7, 2025

    Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

    July 6, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.