Deep Tide TechFlow News, on August 22, according to Decrypt, Amberdata's Derivatives Director Greg Magadini stated that Bitcoin is now like a mix of digital gold and risk assets, driven by two sentiments in the context of a rising stock market and the Federal Reserve facing pressure to cut interest rates.

Although some people call Ethereum outdated technology, Ethereum has a developer ecosystem, much like the iPhone platform, allowing developers to build applications directly on its infrastructure. These network effects will only continue to accumulate, so it is expected that Ethereum's price will continue to follow Bitcoin's rise, potentially reaching the range of $8,000 to $10,000.