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Bitcoin’s market dominance slipped in July as capital aggressively flowed into altcoins, led by Ethereum. The shift was fueled by macroeconomic optimism and institutional interest in staking rewards and deflationary models. Meanwhile, stablecoins and NFTs also saw significant growth.
- Ethereum's corporate treasuries grew 127.7% in July, with 24 companies opting for direct ownership over ETFs to capture staking rewards.
- The GENIUS Act's passage spurred institutional stablecoin adoption, with JPMorgan, Citi, and Visa expanding tokenized payment pilots.
- NFT trading volume surged nearly 50%, led by Ethereum-based collections (+58%) and a 393% spike in CryptoPunks sales.
📎 Related coverage from: cryptopotato.com
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