{"id":23812,"date":"2025-05-09T10:54:44","date_gmt":"2025-05-09T07:54:44","guid":{"rendered":"https:\/\/forklog.com\/en\/ethereum-outpaces-bitcoin-in-daily-growth-surge\/"},"modified":"2025-05-09T10:54:44","modified_gmt":"2025-05-09T07:54:44","slug":"ethereum-outpaces-bitcoin-in-daily-growth-surge","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-outpaces-bitcoin-in-daily-growth-surge\/","title":{"rendered":"Ethereum Outpaces Bitcoin in Daily Growth Surge"},"content":{"rendered":"<p>In the past 24 hours, Ethereum&#8217;s price surged by 18.8%, surpassing $2300. Bitcoin has firmly held above $103,000.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"585\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-32-1024x585.jpg\" alt=\"Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-32\" class=\"wp-image-258349\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-32-1024x585.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-32-300x171.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-32-768x439.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-32.jpg 1276w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>Among the top 10 cryptocurrencies by market capitalization, Ethereum showed the best performance. Crypto trader Daan Crypto Trades <a href=\"https:\/\/x.com\/DaanCrypto\/status\/1920583388269797535\">described<\/a> the asset&#8217;s daily candle as &#8220;absolutely insane.&#8221;<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"624\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSD_2025-05-09_10-45-02-1024x624.png\" alt=\"ETHUSD_2025-05-09_10-45-02\" class=\"wp-image-258350\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSD_2025-05-09_10-45-02-1024x624.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSD_2025-05-09_10-45-02-300x183.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSD_2025-05-09_10-45-02-768x468.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSD_2025-05-09_10-45-02.png 1327w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Daily chart of ETH\/USD on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/?exchange=BINANCE\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The volume of liquidations over the day amounted to nearly $880 million. Of this total, $344 million was in Bitcoin and $289 million in Ethereum.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"347\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-Liquidations-Cryptocurrency-Liquidations-Real-Time-Liquidation-Heatmap-Binance-Liquidations-CoinGlass-Google-Chrome-6-1024x347.jpg\" alt=\"Bitcoin-Liquidations-Cryptocurrency-Liquidations-Real-Time-Liquidation-Heatmap-Binance-Liquidations-CoinGlass-Google-Chrome-6\" class=\"wp-image-258351\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-Liquidations-Cryptocurrency-Liquidations-Real-Time-Liquidation-Heatmap-Binance-Liquidations-CoinGlass-Google-Chrome-6-1024x347.jpg 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-Liquidations-Cryptocurrency-Liquidations-Real-Time-Liquidation-Heatmap-Binance-Liquidations-CoinGlass-Google-Chrome-6-300x102.jpg 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-Liquidations-Cryptocurrency-Liquidations-Real-Time-Liquidation-Heatmap-Binance-Liquidations-CoinGlass-Google-Chrome-6-768x260.jpg 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Bitcoin-Liquidations-Cryptocurrency-Liquidations-Real-Time-Liquidation-Heatmap-Binance-Liquidations-CoinGlass-Google-Chrome-6.jpg 1376w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">Coinglass<\/a>.<\/figcaption><\/figure>\n<p>According to trader and economist Alex Kr\u00fcger, the movement of digital gold <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-surges-past-100000-amid-market-revival\">above $99,000<\/a> primarily led to the closing of short positions. He attributed Ethereum&#8217;s dynamics to the opening of new long positions in the asset.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">This move on <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> since upper 99ks largely driven by shorts getting liquidated or closing. <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> is different, that&#8217;s mainly new longs. <a href=\"https:\/\/t.co\/Ilb1eFJCrE\">pic.twitter.com\/Ilb1eFJCrE<\/a><\/p>\n<p>\u2014 Alex Kr\u00fcger (@krugermacro) <a href=\"https:\/\/twitter.com\/krugermacro\/status\/1920589956751192494?ref_src=twsrc%5Etfw\">May 8, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On May 7, the Ethereum mainnet <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-activates-major-pectra-upgrade\">underwent<\/a> the <a href=\"https:\/\/u1f987.com\/en\/news\/pectra-steering-ethereum-toward-scale-and-mass-adoption\">Pectra<\/a> hard fork. The largest update by number of proposals included a series of improvements aimed at enhancing the blockchain&#8217;s convenience and efficiency.<\/p>\n<p>Following the upgrade, the network began burning ETH more rapidly. The annual deflation rate reached 1.2%.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"forklog\/43971\" data-width=\"100%\"><\/script><\/p>\n<p>In a comment to <a href=\"https:\/\/cointelegraph.com\/news\/ether-price-insane-candle-pectra-upgrade-turning-point-crypto-traders\">Cointelegraph<\/a>, Derive protocol founder Nick Foster noted that Ethereum&#8217;s growth was driven by several factors, not just Pectra. He pointed to favorable events for digital assets such as the US-UK trade agreement and Coinbase&#8217;s acquisition of the Deribit options platform <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-strikes-2-9-billion-deal-to-acquire-deribit\">for $2.9 billion<\/a>.\u00a0<\/p>\n<p>The cryptocurrency market capitalization increased by 4.5% in a day, reaching $3.37 trillion. Bitcoin&#8217;s dominance stands at 61%.<\/p>\n<p>Digital gold has surpassed Amazon in total value, becoming the fifth-largest asset in the world, as noted by Bitcoin Magazine.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> surpassed Amazon to become the 5the largest asset in the world ? <a href=\"https:\/\/t.co\/9j2XCLyQvC\">pic.twitter.com\/9j2XCLyQvC<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1920593362249228332?ref_src=twsrc%5Etfw\">May 8, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Binance founder Changpeng Zhao <a href=\"https:\/\/u1f987.com\/en\/news\/binance-founder-changpeng-zhao-predicts-bitcoin-surge-to-1-million\">predicted<\/a> that Bitcoin could reach $1 million in the current market cycle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the past 24 hours, Ethereum&#8217;s price surged by 18.8%, surpassing $2300. Bitcoin has firmly held above $103,000. Data: CoinGecko. Among the top 10 cryptocurrencies by market capitalization, Ethereum showed the best performance. Crypto trader Daan Crypto Trades described the asset&#8217;s daily candle as &#8220;absolutely insane.&#8221; Daily chart of ETH\/USD on Binance. Data: TradingView. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,46],"class_list":["post-23812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"77","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=23812"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/23811"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=23812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=23812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=23812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}