Unpleasant situation emerges on cryptocurrency market as Ethereum is rapidly losing to Bitcoin
and Ethereum, the state of the cryptocurrency market today is displaying a sharp contrast. While ETH is seeing withdrawals, BTC is exhibiting strength, with steady inflows into spot ETFs for 12 straight days, suggesting a difference in investor sentiment between the two biggestBitcoin is currently maintaining its position with slight optimism. Thanks to a recent bounce from the 100-day moving average, Bitcoin has been able to maintain its position above $62,000.
The decline in front-end volatility, however, indicates that traders are probably waiting for more clarity on the impending rate cut decisions in September and are not anticipating significant price movements in the near future. is having difficulties. Over the last eight days, there has been a persistent withdrawal from ETH spot ETFs, indicating a lack of trust in the asset.
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