Ethereum (ETH) has shown an impressive performance recently, surpassing Bitcoin (BTC) in terms of growth. According to data from CoinGecko, while the price of Bitcoin rose 3% in 24 hours, Ethereum recorded a rise of 7.4%. This move reflects a renewed interest from institutional investors, who have returned to the crypto market after a period of caution.
According to Cointelegraph, cryptocurrency exchange-traded products (ETPs) recorded $1.06 billion in revenue in the last week, marking three consecutive weeks of gains. This move is led by Bitcoin and Ethereum, which continue to attract the attention of investors despite global geopolitical tensions.
In addition, the Ethereum Foundation sold 5,000 ETH, approximately $10.2 million, to BitMine Immersion Technologies in an OTC (Over-the-Counter) transaction. This sale highlights the foundation’s strategy of supporting projects that can contribute to the Ethereum ecosystem, strengthening confidence in the continued development of the network.
In Brazil, interest in Ethereum has grown, especially among investors seeking to diversify their portfolios. The recent rise in ETH price can be attributed to several factors, including the increased adoption of smart contracts and the expectation of network upgrades, such as the transition to Ethereum 2.0, which promises significant improvements in scalability and energy efficiency.
This positive scenario for Ethereum is also reflected in the Brazilian market, where cryptocurrency trading platforms have recorded an increase in trading volumes involving ETHs.