Ethereum surpassed Bitcoin for the first time in perpetual contract trading volume, indicating a significant shift in market trends.
Total Trading Volume
Ethereum's perpetual contract trading volume reached $90.82 billion, surpassing Bitcoin's $82.93 billion. This unusual flip in trading volume may affect investor strategies in cryptocurrency.
Market Awaits Reaction
The movement of Ethereum has sparked interest among market participants with expectations of reactions from major exchanges and regulators. Notably, there have been no official comments from significant figures such as Ethereum co-founder Vitalik Buterin.
Current Market Data
Ethereum (ETH) is trading at $3,342.12 with a market cap of $403.44 billion. Over the past 90 days, it has increased by 111.86%. The 24-hour trading volume has climbed to $47.86 billion.
The situation with Ethereum and Bitcoin amidst changes in perpetual contract trading volumes highlights investor interest and necessitates close monitoring of future market developments.
