🔺The market is in the green zone: while BTC is up by +1.1%, most top coins are also showing +4..10% growth. The leaders of the day are SUI, POL, and STX, which surged by +14..19%. The only concern is Ethereum, declining for the second consecutive day by -1.5%.
🔺Meanwhile, BTC.D (yesterday) reached a new high of 64.6%. According to the data, only the top 8 coins in the ranking (these are BTC, ETH, USDT, USDC, BNB, XRP, SOL, and DOGE) account for more than 90.3% of the total market capitalization! The remaining 9.7% is 'spread out' across the remaining tens of thousands of tokens. Altcoins are dried up and waiting for liquidity to flow from the heavyweights.
🔺Despite the decline in ETH, the project's team (on a fundamental level) is preparing a major update 'Pectra', scheduled for May 7. Experts believe that the upcoming update will SIGNIFICANTLY improve the operation of the Ethereum ecosystem. The ETH team continues to grow: 24,000 developers on staff, of which 7,700 are permanent, the largest team in the market!
🔺Meanwhile, Bitcoin has surpassed Google (Alphabet) in market capitalization, becoming the 5th most expensive asset in the world.
