But much of the interest was away from that leading light of the cryptocurrency market.
Kraken Intelligence analysis shows the combined weighted average market caps for alternative crypto subsectors – DeFi, NFTs, and Layer-1 protocols like ETH – are all up by by 28 per cent, 36 per cent and 44 per cent, respectively.
Bitcoin’s price has been all over the place in the last two weeks.
After that, it dropped further due to expectations of increased capital gains tax in the US, and then even further after Tesla sold 10% of its BTC at $54,092.
“In days to come, BTC is likely to see another drop when the Turkish ban actually arrives.
Beyond DeFi , decisions to trial various use cases on ethereum by companies like Visa are likely signalling to the wider market that ethereum is probably here to stay.