The Bitcoin course today opens at $ 105,340 and has therefore risen with a nice 0.55% compared to 24 hours ago. But today’s big winner is the Ethereum of Vitalik Buterin, which managed to produce an increase of 4.27%.
With that rise, the Ethereum price comes in at $ 2,600.
Why do the prices rise today?
Although those increases do not mean that we are looking at a resumption of the Bullrun, they are indeed hopeful. Ethereum in particular still has to take steps to get close to his all-time high.
In fact, Ethereum’s price record still dates from November 2021. At that time it tapped a course of more than $ 4,800.
In that respect, it is still a disappointing cycle for the number two in the market. The reason for this is that the Ethereum is clearly lacking in a narrative.
In 2021 it was possible to lean on Defi and NFTS. This cycle is actually nothing that the masses are extremely enthusiastic about. You could point to Real World Assets (RWAS), but that also doesn’t seem to get off the ground.
In any case, not in a way that can justify a market value of hundreds of billions of dollars.
Bitcoin steals the show
Bitcoin, on the other hand, really starts to steal the show. In the first place, the digital currency was of course adopted by Donald Trump as a reserve asset for the United States.
But more and more companies are starting to put Bitcoin on the balance.
A few hours ago, Strategy announced that it will sell for $ 250 million to buy even more Bitcoin.
Yesterday, the Reitar Logtech, which was established in Hong Kong, announced that he wanted to buy Bitcoin for $ 1.5 billion in the coming period.
Furthermore, the economic conditions are in principle still favorable and supportive for a new bull market. The only thing Bitcoin gets in the way is the uncertainty about Donald Trump’s trade war.
Source: https://newsbit.nl/bitcoin-omhoog-maar-ethereum-is-de-grootste-winnaar/
