Similar to the data of $BTC, when the overall market is rising, the spot buying volume of $ETH is also increasing. However, from the price trend, it is clear that in the last two weeks, the exchange rate of ETH and BTC has been decreasing. This also indicates that more funds are still concentrated on BTC, likely because Bitcoin has a stronger correlation with the US stock market or technology stocks, while ETH is somewhat weaker.
Even so, BlackRock and Fidelity still have some traditional investors buying ETH spot. From a long-term data perspective, ETH remains the cryptocurrency that is closest to Bitcoin in terms of compliance and similarity.
#Bitget is your VIP! Crypto, US stocks, CFD, a global opportunity in one layout
Disclaimer: This article represents only the personal views of the author and does not represent the position and views of this platform. This article is for information sharing only and does not constitute any investment advice to anyone. Any disputes between users and authors are unrelated to this platform. If the articles or images on the webpage involve infringement, please provide relevant proof of rights and identity documents and send an email to support@aicoin.com. The relevant staff of this platform will conduct an investigation.