ETH Rallies 11%, Risk-On Sentiment Returns to Crypto
Ethereum (ETH) surged in trading on Wednesday (February 25th), with its price hovering around $2,066.6, a surge of around 11.12% compared to its previous close. This surge marked a solid daily gain and boosted risk-on sentiment in the digital asset market.
This price increase also boosted Ethereum's valuation. CoinMarketCap data shows ETH's market capitalization at around $248.32 billion, with a 24-hour volume of around $21.62 billion—indicating continued high trading interest amid the price hike.
ETH's gains also coincided with a broader crypto market rally. The total global crypto market capitalization is around $2.35 trillion (up around 5.92% per 24-hour period), while market dominance remains dominated by Bitcoin, with BTC dominance at ~57.9% and ETH dominance at ~10%–10.6% (depending on the snapshot).
In other major assets, Bitcoin (BTC) traded around $68,611, up ±6.75% on the same day, while USDT remained stable around $1.00 with a market cap of around $183.64 billion—confirming that stablecoins remain a "liquidity haven" when volatility rises.
Source: Newsmaker.id