#ETHBreaks3k Ethereum rises while Bitcoin falls, situation after record increase,

The cryptocurrency market took an interesting turn on Tuesday where the price of Ethereum was seen increasing while the price of Bitcoin decreased,

The price of Ethereum recently reached $3,128, which indicates a 20% increase compared to the previous week, while the price of Bitcoin fell by about 1.9% to below $117,000,

This situation came after Bitcoin successfully crossed the $120,000 mark earlier this week, which had created envy among Ethereum investors like in the past,

The increase in the price of Ethereum came as several public companies have purchased Ethereum in their financial balance sheets and ETH-based investment products are about to come to the market,

Experts say that one of the reasons for Ethereum’s recent good performance is the US Securities and Exchange Commission’s The decision by the Securities and Exchange Commission (SEC) to not consider staking activities as securities has created a positive trend for Ethereum.

In addition, online gambling company Sharplink Gaming bought $225 million worth of Ethereum on its balance sheet, bringing its total Ethereum holdings to about 280,000.

In the same week, Bitcoin miner Bitmain also bought more Ethereum, bringing its total investment to more than $500 million.

Interest has also increased in the Ethereum futures market, which has reached its highest levels in the past 12 months, all of which indicate that Ethereum is regaining its place in the market and investors are optimistic about its future.

On the other hand, experts say the reason for the decline in the price of Bitcoin is the failure of the US House of Representatives to vote on three important crypto laws, which Bitcoin has been negatively impacted since,

This overall situation shows that Ethereum is currently receiving more attention and investment in the market while Bitcoin is facing some difficulties..