Why did Ethereum leave Bitcoin behind in July’s pr

Why did Ethereum leave Bitcoin behind in July’s price race?

According to CoinMarketCap data, Ethereum rallied by 34.75% over the past month to $3,456.61, significantly outperforming Bitcoin, which rose 11.75% to $118,615.53. 

Notably, Bitcoin touched a new all-time high above $122K, but its momentum has slowed. In contrast, Ethereum’s sharper gain reflects renewed investor optimism. 

The divergence suggests growing confidence in Ethereum’s upside potential, especially amid increasing interest in altcoins. 

Therefore, ETH’s dominant performance may signal a shift in capital allocation as traders look beyond Bitcoin for higher returns.