Ethereum
Why Ethereum is up 1.6% today
Analysis
Ethereum (ETH) rose 1.6% over the past 24 hours as market sentiment appeared supported by a rotation narrative highlighted in Decrypt, which reported Harvard selling Bitcoin for Ethereum—an institutional reallocation headline that can buoy near-term demand expectations. At the same time, broader attention on network activity and fee dynamics—covered by CryptoNews and Cointelegraph noting Polygon briefly flipping Ethereum in daily fees amid a prediction-market boom—kept Ethereum in the center of the ecosystem discussion, even as it faced competition on usage metrics.
Contributing Factors (3)
Polygon Flips Ethereum in Daily Fees as Polymarket Oscar Betting Hits $15M
Polygon Flips Ethereum in Daily Fees on Polymarket Surge The post Polygon Flips Ethereum in Daily Fees as Polymarket Oscar Betting Hits $15M appeared first on Cryptonews.
Polygon daily fees flip Ethereum amid prediction market boom
Polygon recorded $407,000 in daily fees on Friday, compared with Ethereum's $211,000.
Morning Minute: Harvard Sells Bitcoin for Ethereum
Harvard's rotation from Bitcoin to ETH has raised the primary question—what do they know?
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.