PDAXScope: $BTC dominates the market and $ETH ETFs surge

Bitcoin's Dominance of Crypto Market Reaches Highest Level Since 2021 (Investopedia)

Investopedia notes that the Bitcoin Dominance Index recently hit 61.39% compared to other tokens on the market, and that $BTC hasn’t seen this kind of action since March 2021. It cites three possible factors: growing institutional interest, the upcoming US strategic $BTC stockpile, and the continuing “technical developments.” 

Ethereum ETFs surge after US election, approaching positive net flows (CryptoSlate)

CryptoSlate reports that $ETH ETFs hit their highest daily positive net flow last November 11, and that it was the highest such flow since their launch. They cite Farside Investors data, indicating that Fidelity’s FETH had the top inflow of US$115.5M while BlackRock’s ETHA came in second at US$101.1M, both contributing to the day’s high watermark of US$295.5M. 

Dogecoin continues to surge as Elon Musk flexes influence over Trump’s staffing picks (Fortune)

Fortune Crypto highlights the rapid rise of Dogecoin ($DOGE), recently moving from $0.15 to $0.43 in a week–a value that it hasn’t reached in years. They trace a direct correlation of the memecoin’s rise to Trump’s reelection and the prominent presence of Elon Musk in his inner circle. They also point out that it’s no surprise that the incoming administration’s “Department of Government Efficiency” (D.O.G.E.) has brought unprecedented attention for the memecoin.

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