📈 Altcoins Lead the Crypto Market as Bitcoin Lags Behind Rivals

🟠 On Wednesday, the crypto market surged to historic highs, with total capitalization exceeding $4.05 trillion.

🚀 Major altcoins led the rally:

• Ethereum +7.5%
• Solana +12%
• Cardano +8.5%
• Chainlink +9.3%

📉 Meanwhile, Bitcoin rose just 0.4% and remains 2% below its level from 30 days ago.

💸 Investors appear to be selling BTC to fund altcoin purchases, supported by record highs in S&P 500 and Nikkei 225.

🌟 Chainlink shines with over 50% growth in the past week, now trading near $23.3. Bulls eye the 2025 high at $25, though the 2021 peak remains a distant target.

📊 ETF flows:

• Bitcoin ETFs saw reduced inflows: $178.2M on Aug 11
• Ethereum ETFs hit a record: $1.02B same day
• ETH ETF AUM now totals $25.71B, or 4.77% of ETH supply

🏦 BitMine Immersion Technologies raised $20B to buy ETH, becoming the first public company to hold over 1 million ETH.

🔗 Circle launched its own blockchain, Arc, focused on financial transactions and capital markets.

📌 Altcoins, ETF momentum, and infrastructure growth signal a shift in market focus—leaving Bitcoin temporarily in the shadows.

🧭 Summary for Forex Traders
Altcoins outperform Bitcoin as crypto market hits $4.05T. Ethereum, Solana, Cardano, and Chainlink lead gains. ETF inflows favor ETH, while infrastructure moves like Circle’s Arc signal growing altcoin momentum. Bitcoin remains under pressure amid investor rotation