Crypto Market Surges to New Highs on Institutional Backing, DeFi Growth

• Bitcoin's market cap exceeds $1 trillion after BlackRock's BTC ETF announcement, underscoring growing market confidence • Ethereum likely to follow, potentially exceeding $10,000 per ETH with its own ETF approval • Ethereum activity surge to drive unprecedented growth in DeFi protocols like Arbitrum, Optimism, Polygon • Decentralized apps like Uniswap, Aave could see token prices exceed $100 and $1000 respectively • With DeFi topping $100B in TVL, validation and trust at new highs, opportunity cost of skepticism may be too high