ETH Vs BTC Breakout

7 de dez. de 2021

Ethereum has been gaining on Bitcoin in both price and market capitalization. As far as price goes, it has broken out of its recent high of roughly 8.2 million sats which is a USD price tag of $4,157. In my opinion, this will be an important satoshi price point for the next week or so as ETH may revisit it before continuing gaining in satoshi value. The next price point that could provide some selling pressure is 8.8 million sats/$4,474. Ethereum is now close to 60% of Bitcoin's now $960 billion market cap. With supply dropping due to the activation of recent upgrades and massive demand from DeFi, gaming, steaking and NFTs, this number is unlikely to drop anytime soon.