Ethereum

bullish

Bitcoin

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin has been outperforming Ethereum in terms of price gains and ETF inflows.</li>
 <li>The cryptocurrency market is currently witnessing a significant upswing, with most tokens reflecting a bullish sentiment.</li>
</ul>
<p>The cryptocurrency market is in a significant upswing phase, with a bullish sentiment across most tokens.</p>
<p>According to CoinMarketCap, the global crypto market capitalization has increased to $2.44 trillion, a 1.61% rise in the past day.</p>
<h2 id="bitcoin-vs-ethereum">Bitcoin vs. Ethereum</h2>
<p>A unique trend has emerged between <a href="https://coineagle.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> and <a href="https://coineagle.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a>, attracting the attention of traders and analysts.</p>
<p>While both leading assets have seen impressive gains, Bitcoin’s 1.90% gain has outpaced Ethereum’s 2.59% rise.</p>
<p>Bitcoin has successfully crossed the $70,000 threshold, trading at $72,459.92, and is on track to reach a new all-time high.</p>
<p>In contrast, Ethereum, expected to approach the $4,000 mark, is currently priced at $2,686.67, falling short of expectations.</p>
<h2 id="analysts-opinions">Analysts’ Opinions</h2>
<p>Analysts have noted this stark contrast in performance, emphasizing Bitcoin’s dominance while Ethereum seems to struggle to maintain momentum.</p>
<p>However, this view is not universally accepted, with some defending Ethereum.</p>
<p>Benjamin Cowen, CEO and founder of ITC crypto, stated, “ETH is not dying.” Similarly, an account named Crypto General expressed confidence in Ethereum, predicting a move past the $2800 resistance zone.</p>
<p>In the ETF market, Bitcoin’s dominance over Ethereum is even more apparent, with BTC ETFs attracting a substantial $870.1 million compared to ETH ETF’s $7.6 million.</p>
<p>As the market evolves, all eyes will be on Ethereum to see if it can shift this dynamic in the upcoming days.</p>

‘ETH Remains Alive and Kicking’ Asserts Analyst, Even as Bitcoin Outpaces Ethereum

Table of Contents

CoinEagle.com

Other articles published on Oct 31, 2024

Bitcoin Spot ETFs Records $2.67B in Inflows in Just One Week

Qubetics Surges with $1.55M Amid Innovations Of Ripple and Welshare Health

MicroStrategy’s equity plan surpasses Tesla

East London teenager accused of aiding Al Qaeda through crypto

LINK Price Soars as Chainlink Announces Partnership with Hedera’s HBAR Foundation

Florida’s Chief Economic Officer Reveals How Much the State Has Invested in Cryptocurrencies – Th...

Join our free newsletter for daily crypto updates!