Crypto Market Update: Altcoins Surge as Bitcoin Stalls

• The cryptocurrency market cap surged past $3.2 trillion, with a $120 billion increase driven largely by altcoins like Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE).

• While Bitcoin (BTC) saw inflows of $117 million into ETFs, its price stalled below $103,000, indicating a shift in investor focus towards altcoins.

• ETH experienced a 6% daily and 25.6% weekly gain, fueled by increased DeFi activity and inflows into Lido Staked Ether (STETH).

• SOL and DOGE also saw significant double-digit weekly gains, with SOL's activity boosted by memecoins and DOGE driven by renewed speculative interest.

• Institutional investors are also rotating funds from BTC to altcoins, suggesting a short-term preference for higher growth potential assets despite continued corporate bullishness on Bitcoin.