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Despite what has appeared to be diverging trajectories, Ethereum has caught the eye of one analyst who has warned ETH is en route to overtaking Bitcoin. Indeed, despite BTC’s recent resurgence to back above the $100,000 mark, there could be a major shift set to take place with the two cryptocurrencies. For much of the history of the asset class, Bitcoin and Ethereum have sat as the top two cryptos by market cap. Yet, there has always been a very clear one and two. Although many expect that to stay the same, there is one expert who is challenging that theory. Moreover, they have noted that recent developments could hint at a different story coming to pass. Source: Watcher Guru Also Read: Bitcoin vs Ethereum: Which Crypto Will Be More Profitable in May 2025? Ethereum to Overtake Bitcoin? One Analyst Explains Why It Could Be Happening With the US crypto maker bouncing back in a big way this week, Bitcoin has returned to the $103,000 mark. Indeed, the leading cryptocurrency is up more...

Bitcoin price surge has intensified in the last few days as the leading cryptocurrency, currently trades at about $99,816.94, as CoinMarketCap reveals, just a few dollars away from the big $100,000 milestone that everyone’s been talking about. This Bitcoin price surge triggered a pretty massive $215 million liquidation of short positions just in the past 24 hours alone. Source: CoinMarketCap Also Read: Solana (SOL) & Cardano (ADA) Eye RWA, Trading Stocks On Blockchain Bitcoin Price Surge and Key Market Risks Ahead of $100K Breakout Source: Watcher Guru Market Liquidations Hit $298M The crypto market experienced one of its most aggressive shakeouts in recent weeks. At the time of writing, Bitcoin led the wipeout with approximately $114.46 million in liquidations, and then Ethereum followed with around $65 million in losses too. Short positions definitely bore the brunt with $215 million wiped out, which created what traders are calling a classic short squeeze right in the middle of...

Tether Treasury has minted 1 billion USDT, equivalent to $1,000,485,000, on the Tron network, per an update on July 12. Just two months after its previous billion-dollar mint on April 21, the stablecoin issuer has once again achieved a billion-dollar milestone with its latest mint. 1,000,000,000 #USDT (1,008,235,000 USD) minted at Tether Treasuryhttps://t.co/EMkzybOauN — Whale Alert (@whale_alert) June 12, 2023 Monitoring the market Tether’s chief technology officer (CTO), Paolo Ardoino, explained that the recent minting of USDT is a part of Tether’s “inventory replenish” process on Ethereum. Notably, this issuance will not affect the overall market capitalization of USDT, as it is classified as an “authorized but not issued transaction.” Ardoino clarified that the newly minted USDT would serve as inventory for future issuance requests and chain swaps. A chain swap refers to a method employed by traders to move their digital ...