Bitcoin Stagnation Sparks Ethereum Surge as New Meme-to-Earn Token Takes Center Stage

Bitcoin’s price action has hit a plateau, leaving investors wondering if the cryptocurrency giant can break through the $65,000 barrier. Institutional investment, which saw a surge following the launch of US spot Bitcoin ETFs, is slowing down as investors grapple with broader economic uncertainty. This decline in institutional buying is allowing retail investors and mid-tier investors to take on more control. Meanwhile, Ethereum has emerged as the frontrunner, attracting heavy interest from both institutions and whales alike. The rise of Ethereum is being fueled by strong fundamentals within DeFi and NFTs, while ongoing upgrades to its scaling and staking infrastructure further bolster investor confidence.