Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Recent reports indicate a significant shift in the cryptocurrency landscape, particularly regarding Ethereum's (ETH) performance relative to Bitcoin (BTC). According to Bybit's December Volatility Review, ETH is gaining momentum and is positioned to outperform BTC as Bitcoin's dominance declines. The report highlights that ETH's assets under management represent only 10% of those for BTC, despite Ethereum's market capitalization being 25% of Bitcoin's. This discrepancy suggests that traditional finance may be misaligned with market dynamics. Since November 21, the ETH to BTC ratio has increased from 0.0325 to 0.04, indicating a growing preference for Ethereum. The shift in market sentiment has been attributed to the recent U.S. election and the departure of Gary Gensler from the SEC, which has led to increased attention on Ether.
Bybit Says Ethereum Is Positioned To Outperform Bitcoin ETH is gaining momentum and is poised to outperform BTC, according to Bybit's December Volatility Review. The report notes that ETH “gained significant traction against BTC,” as reflected by a sharp rise in the ETH/BTC… https://t.co/boQNbvjKdj
ETH DOMINANCE GROWING AS BITCOIN LOSES GROUND Bybit’s report shows ETH taking over since the U.S. election, and it’s just getting started. The ETH to BTC ratio spiked from 0.0325 to 0.04 post-Nov. 21. After Gensler bounced from the SEC, ETH caught some serious wind. Wall… https://t.co/8LNBYTnKvG
ETHER GAINS GROUND AS BITCOIN DOMINANCE DECLINES Bybit’s latest report highlights Ethereum’s growing dominance over Bitcoin. Following the U.S. election and Gary Gensler’s departure from the SEC, Ether has been attracting increased attention. Since Nov. 21, the ETH to BTC… https://t.co/u7JUXDRUAH
