Ethereum vs. Bitcoin: Why ETH Could See Larger Fluctuations Soon, QCP Reveals

Quick Summary:

According to recent insights from QCP Capital, a global digital asset trading firm and market maker, Ethereum appears to have now shown potential for larger price fluctuations compared to Bitcoin. QCP reveals that the volatility premium between these two major cryptocurrencies has seen a notable increase, with Ethereum leading in potential price swings.

They note that if the current trend of outflows from instruments like the Grayscale Ethereum Trust begins to slow, and inflows into Ethereum ETFs pick up, “could ETH break significantly higher? ” Suggesting a trade idea, the QCP Capital analysts added: While we maintain a range-trading outlook for BTC as re-iterated yesterday, we favor accumulating ETH at its current discount, as volatility has picked up slightly.

Ethereum and Bitcoin Market Performance While both Ethereum and Bitcoin have seen a negative performance in price over the past week, there remains a notable difference when being specific.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: United Kingdom

Topics: Bitcoin Crypto Ethereum volatility ETHUSDT Ethereum ETH Btc Ethereum Crypto market Ethereum Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 00:01:28 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 490 words

Reading Time: 3 minutes read

Sentences: 72 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 21864988

View Article Analysis

About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 8 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

Frequently Asked Questions