Bitcoin$BTC
is the most traded digital currency in the world, and it is the largest currency by market capitalization. It was the first digital currency, and it remains the most famous and widely used digital currency in the world. It is the leading currency followed by all other digital currencies. The birth of Bitcoin marked the beginning of a new asset class and a significant step away from traditional money controlled by central authorities. Today, many Bitcoin advocates believe that it will be the inevitable future of the global financial system, although this - of course - is still to be determined$BTC
In its latest market analysis, the CryptoQuant platform indicated that Ethereum (ETH) is heading towards a critical turning point in its performance compared to Bitcoin (BTC), following a relative price increase of 38% over the course of one week.
This shift comes after the ETH/BTC price ratio reached its lowest levels since, in a potential indicator of the approaching launch of the alternative digital currency season, known as "Alt season", driven by easing selling pressures and renewed interest from financial institutions in Ethereum
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