• Dapps: 16.23K
  • Blockchains: 78
  • Active users: 66.47M
  • 30d volume: $303.26B
  • 30d transactions: $879.24M

Ethereum Falls Behind Bitcoin in Bullish Market

user avatar

by A1

6 months ago


The recent bullish trend in the crypto markets has favored Bitcoin over Ethereum, as evidenced by ETH's underperformance compared to BTC by 22% since the beginning of 2024. Despite the total market capitalization experiencing growth, Ethereum struggles to maintain its value against Bitcoin. This challenge is further compounded by the upcoming SEC decision on VanEck’s Ethereum ETF proposal, causing uncertainty among investors and leading to delayed investment decisions. While there is optimism about Ethereum’s long-term future, a potential rejection by the SEC could result in a short-term market correction. Ethereum needs to demonstrate its capability to keep pace with Bitcoin's performance in this bullish environment.

0

Share

Other news

dapp expert logo
© 2020-2024. DappExpert. All rights reserved.
© 2020-2024. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.