Ethereum

Bitcoin

Block

Gary

<p>According to a recent report, Ether (ETH) is set to surpass Bitcoin (BTC) in the crypto markets. The growing demand for ETH options and key market events support this favorable momentum for Ethereum at the expense of Bitcoin.</p>
<h2 id="h-ethereum-eclipses-bitcoin-in-the-crypto-markets">Ethereum eclipses Bitcoin in the crypto markets!</h2>
<p>Ethereum (ETH) is on the verge of surpassing Bitcoin (BTC) in the spot and derivatives crypto markets. Following <a href="https://www.cointribune.com/en/trumps-shocking-speech-in-which-he-proclaims-himself-the-winner-of-the-american-presidential-election/" target="_blank" rel="noopener noreferrer nofollow">the US presidential election on November 5</a>, Ethereum has gained traction, outperforming Bitcoin in terms of performance. The report on options volatility, co-created by Bybit and Block Scholes, highlights that the growing demand for ETH options indicates an increasing preference among traders for Ethereum.</p>
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<p>One of the key factors driving this momentum is the announcement of Gary Gensler’s resignation, the SEC chairman, which has provided an additional boost to ETH. Since this announcement, the ETH/BTC spot price ratio has increased, rising from 0.0325 on November 21 to over 0.04 on December 6. This surge in Ethereum is also reflected in digital fund flows, where Bitcoin funds recorded outflows of $457 million, while <a href="https://www.cointribune.com/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a> funds saw inflows of $634 million.</p> 
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:ETHUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:ETHUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
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<h2 id="h-can-bitcoin-at-100-000-reverse-the-trend">Can Bitcoin at $100,000 reverse the trend?</h2>
<p>Bitcoin recently crossed the $100,000 mark, driven by growing demand for call options and a strong bullish sentiment. However, despite this impressive performance, Ethereum continues to gain ground, <a href="https://learn.bybit.com/crypto-insight/november-option-volatility-report/" target="_blank" rel="noopener noreferrer nofollow">according to the report</a>. A trend supported by key market events and increasing institutional demand for crypto ETH.</p>
<p>In short, Ethereum appears well-positioned to surpass Bitcoin in the near future. The combination of the growing demand for ETH options, <a href="https://www.cointribune.com/en/finally-gary-gensler-announces-his-departure/" target="_blank" rel="noopener noreferrer nofollow">Gary Gensler’s resignation</a>, and the favorable fund flows for ETH suggest that Ethereum could continue to dominate the crypto market. Investors and traders should closely monitor this momentum to seize the opportunities presented by this market evolution.</p>

Ethereum Set to Overtake Bitcoin: what Bybit’s Report Says

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