Analyst Claims Ethereum ‘Is Not Dying,’ Bitcoin Surge No Threat To Ether

Quick Summary:

Analyst Sees Opportunity Despite On-Chain Decline In this latest market frenzy, one storyline is attracting attention and some analysis: while Bitcoin is outperforming the rest and retesting $73,000, Ethereum is struggling to hit its target of $4,000.

It’s time for ETH to outperform BTC.pic.twitter.com/4mK8DVMd2c — Crypto General 🦄 (@DaCryptoGeneral) October 29, 2024 As the top crypto, Bitcoin has led the recent market rally, surpassing the psychological $70,000 level and hitting $72,459.92.

Ethereum And Bitcoin- A Contrasting Story Of Market Run As the top two cryptocurrencies by market cap, it’s natural for analysts and observers to take a second look at Ethereum and Bitcoin.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Crypto Ethereum Btc Ether Btcusd Ethusd Cryptocurrency Market News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 21:00:11 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 530 words

Reading Time: 3 minutes read

Sentences: 76 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23354899

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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