Smart Money More Inclined To Invest In Ethereum Over Bitcoin: Bloomberg

Institutional Investors Prefer Investing in Ethereum Than Bitcoin

The narrative regarding Ethereum overtaking Bitcoin continues to rise after Ethereum Merge and Shanghai upgrade. Traders anticipate smaller swings in Ethereum than Bitcoin in the near term.

advertisement

Ethereum’s 30-day volatility index now trails more than Bitcoin volatility index. Moreover, the 180-day realized or historical volatility of Ether relative to Bitcoin has decreased immensely since 2020, according to Bloomberg.

Ethereum volatility
Ethereum & Bitcoin 180-Day Volatility. Source: Bloomberg

This makes institutional investors more interested in investing in ETH than BTC as lower volatility typically enables institutional investors to allocate more capital to crypto. Long-term investors are more likely to increase exposure to Ethereum.

Bitcoin and Ether implied volatility indexes are based on options pricing. Both indexes fell from recent peaks in March but the Ethereum index dropped more.

Recommended Articles
ethereum price crypto news
Crypto Telegram Channels List 2023 [Updated]
Must Read
ethereum price crypto news
Crypto Presale Projects For 2023 To Invest; Updated List
Must Read
ethereum price crypto news
Top 10 Cloud Mining Sites To Mine In 2023 , Here’s The List !
Must Read
ethereum price crypto news
Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated]
Must Read
ethereum price crypto news
Top 10 Web3 Games To Explore In 2023; Here List
Must Read

Richard Galvin, co-founder at fund manager Digital Asset Capital Management, argues Ethereum staking yields rising after the Shanghai upgrade in April will further suppress volatility. However, the US SEC refuses to consider Ethereum as non-security. SEC Chair Gary Gensler believes Ethereum’s proof-of-stake (PoS) transition converted it into a security.

Meanwhile, Bitcoin blockchain is impacted by Bitcoin ordinals non-fungible tokens and meme coins. Moreover, Bitcoin and Ethereum price correlation fell to its lowest since 2021.

Also Read: Ethereum Client Releases Pruning Update After Vitalik Buterin Updated The Roadmap

ETH Price Remains Stable As compared to BTC Price

ETH price continues to trade above $1800 despite several macro factors, regulatory issues, and the looming US debt ceiling crisis impacting the global market immensely. The price is currently trading at $1813, up 1% in the last 24 hours.

BTC price remains at risk of falling below $25,000. The price is down 1% in the past 24hrs, with the 24-hour low and high of $26,549 and $26,986, respectively.

Also Read: Peter Brandt Predicts Bitcoin Price Fall Below $25K In May

Comments

Post a Comment

Popular posts from this blog

Hedera (HBAR) Price Prediction 2025

Image
Join Our Telegram channel to stay up to date on breaking news coverage The price of Hedera (HBAR) will skyrocket in the near future. The main reason for this is the rapid development of the platform’s revenue. Hedera Hashgraph (HBAR) had extraordinary revenue growth due to its Consensus Service. The hedera system utilizes a hashgraph, with nodes exchanging information using a gossip protocol. This method seeks to improve the efficiency of blockchain processes. Brief overview of Hedera (HBAR) Hedera is a publicly distributed ledger and governing body that was started in 2018 by Leemon Baird, Mance Harmon, and Zenobia Godschalk. It was built from the ground up to serve both new and old applications running at a web scale. It uses distributed ledger technologies to build computational trust into its applications. This lets businesses and people who might not know each other or trust each other work together quickly and cheaply, even if they don’t know each other or trust each
Read more

Bitcoin price derivatives look a bit overheated, but data suggests bears are outnumbered

Image
Bullish BTC traders are using excessive leverage, but bears’ reluctance to fight back could extend the current Bitcoin price rally. Bitcoin (BTC) price rallied over 12% on Feb. 15, marking the highest daily close in more than six months. Curiously, the movement happened while gold reached a 40-day low at $1,826, indicating some potential shift in investors' risk assessment for cryptocurrencies. A stronger than expected U.S. inflation report on Feb. 14 presented 5.6% growth year-over-year, followed by data showing resilient consumer demand caused traders to rethink Bitcoin's scarcity value. U.S. retail sales increased by 3% in January versus the previous month — the highest gain in almost two years. On-chain data indicates that the recent gains can be traced back to a mysterious institutional investor that started buying on Feb. 10. According to Lookonchain's data, nearly $1.6 billion in funds have flowed into the crypto market between Feb. 10 and Feb. 15. The analysis sh
Read more

Just-In: Binance CEO Confirms Progress On Bitcoin Lightning Network

Image
Bitcoin Lightning Network On Binance The integration of the Bitcoin Lightning Network by exchange is underway with some technical works pending. They tweeted about the progress saying: advertisement Some eagle-eyed users spotted our new lightning nodes recently. Yes – that’s us! By leveraging the Lightning Network, Binance can enable faster and more scalable Bitcoin transactions, offering a smoother user experience. Update for full-integration by Binance is awaited . In a tweet by CZ, he expressed his exchange’s dedication to continuous growth. He stated, Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read
Read more