Bitcoin (BTC) stabilizes following a decline triggered by comments from Jerome Powell regarding tariffs. BTC dominance has reached a four-year high as network activity sees a new all-time high in BTC hashrate.
Ether (ETH) struggles as its revenue falls below 100,000 USD over a 24-hour period. The BTC/ETH ratio has surged by about 100% over the past year, increasing interest in BTC compared to ETH.
Tokens like HYPE and SOL are leading the recovery in Layer 1 (L1) projects, with SOL registering its highest revenue since February. Meanwhile, regulatory comments from political figures signal evolving policies within the cryptocurrency landscape.
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