Crypto market recap: Ethereum share dips as traders rotate back into Bitcoin

Crypto market recap: Ethereum share dips as traders rotate back into Bitcoin
ASTER and TWT lead altcoin rally with 39% and 20% gains

​Bitcoin (BTC) is trading at approximately $115,721, down about 1.4% in the last 24 hours. 

Its dominance in the cryptocurrency market remains strong at 55.8%, while Ethereum accounts for about 13.1%. Total market cap for all cryptos is near $4.13 trillion, with global 24-h trading volume around $131 billion. The pull-back appears driven by profit-taking after recent gains, and cautious positioning ahead of macroeconomic announcements. Institutions are also watching regulatory developments closely, especially around exchange-traded products (ETPs) and stablecoin laws.

Rising altcoins: ASTER, TWT lead the pack

Among smaller tokens, ASTER (ASTER) is one of the top gainers, jumping 38.9% to about $0.8912 on heavy volume (~$649 million). Trust Wallet Token (TWT) also saw strong performance, up about 20.5% to $1.14 with ~$444 million in trading volume. A few other smaller coins like Hypurr Fun (HFUN) and Tutorial (TUT) also posted double-digit gains. On the flip side, some coins suffered heavy losses—Mavryk Network (MVRK), MYX Finance (MYX), and “Useless Coin” are examples, down 30-40% or more. Meanwhile, the DeFi market cap rose about 2.2% in the last 24 hours, now around $174 billion.

Regulation, institutions, and market structure in focus

Regulatory clarity is getting attention: Changpeng Zhao (CZ), founder of Binance, spoke at the Bitcoin Asia 2025 event about how national regulations are helping boost confidence in the ecosystem, aiding institutional inflows. The SEC’s move to standardize listing criteria for crypto ETPs has caused exchanges like Bullish, Coinbase and others to rally after the announcement. 

Corporate crypto holdings also continue to expand: over 1 million BTC is reportedly held by corporate treasuries, with firms like MSTR leading the way. In parallel, Bahrain introduced a new stablecoin law, signaling its intent to be a regional hub for digital finance under regulated frameworks. All of this suggests the market is shifting from pure speculation toward more stable foundations—though volatility remains.

Recently we wrote that ​PayPal’s stablecoin, PYUSD, has expanded to nine additional blockchains through integration with LayerZero’s Stargate Hydra system

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