Crypto markets pivot as Ethereum-led altcoin rally gains strength: Binance Research

- Bitcoin's market dominance fell to 60% as Ethereum led a significant altcoin rally, driven by increased corporate ETH holdings and eased stablecoin regulations.#notcoin

- Ethereum surged 51% in July, with corporate ETH holdings increasing by 127% to 2.7 million ETH, surpassing the Ethereum Foundation's reserves.#ETH $ETH

- Regulatory changes, including the GENIUS Act for stablecoins, boosted market sentiment, leading to capital inflows into ETH, XRP, DOGE, and Sui. #Xrp🔥🔥 $XRP

- Bitcoin's dominance decreased as capital shifted to Ethereum, Ripple, and meme coins like Dogecoin, amid favorable macroeconomic conditions.

- Corporations are actively accumulating Ethereum, attracted by its staking yields and deflationary nature, with 24 new companies adding ETH to their balance sheets in July.

- The altcoin rally extended beyond Ethereum, with XRP reaching new yearly highs and SUI's DeFi ecosystem hitting $2.2B in TVL.#ETHETFsApproved #XRPGoal

- Tokenized stocks saw a 220% increase in market cap to $53.6 million, indicating growing interest in hybrid finance models.$BTC