Quant Suggests Bitcoin Will Be Back In The Driver Seat After Ethereum Merge
A quant has suggested that Bitcoin will again become the driving force in the crypto market once the Ethereum merge hype dies down.
Bitcoin Share Of Crypto Trading Volume Already Seems To Be Overtaking Ethereum’s
As explained by an analyst in a CryptoQuant post, there are some signs that point to BTC surpassing ETH once more to be the dominant power in the market.
The relevant indicator here is the “dominance by volume,” which measures what part of the total crypto trading volume is contributed by each coin in the sector.
The “trading volume” is a metric that measures the total amount of crypto being involved in transactions in spot markets.
Now, here is a chart that shows the trend in the dominance by volume for both Bitcoin and Ethereum:
The value of the metric for BTC seems to have crossed over that of ETH in recent days Source: BTCUSD on TradingView
Featured image from Peio Bty on Unsplash.com, charts from TradingView.com, CryptoQuant.com
A quant has suggested that Bitcoin will again become the driving force in the crypto market once the Ethereum merge hype dies down.
Bitcoin Share Of Crypto Trading Volume Already Seems To Be Overtaking Ethereum’s
As explained by an analyst in a CryptoQuant post, there are some signs that point to BTC surpassing ETH once more to be the dominant power in the market.
The relevant indicator here is the “dominance by volume,” which measures what part of the total crypto trading volume is contributed by each coin in the sector.
The “trading volume” is a metric that measures the total amount of crypto being involved in transactions in spot markets.
Now, here is a chart that shows the trend in the dominance by volume for both Bitcoin and Ethereum:
The value of the metric for BTC seems to have crossed over that of ETH in recent days
Recent Posts
Bitcoin Sees Sharp Increase in Taker Buy/Sell Ratio on Binance—What Does It Signal?
Bitcoin continues to edge closer to the $100,000 psychological price mark, trading at $96,857 at…
Bitcoin Stochastic RSI Signals Brewing Bullish Momentum – ATH Incoming?
Bitcoin (BTC) has surged 14.6% over the past two weeks, rising from approximately $84,500 on…
Bitcoin Price Confirmed Local Bottom As All Indicators Flash Bullish, Where’s Price Headed?
The Bitcoin price has just printed a major bullish signal, officially confirming a strong local…
Strategy’s $84 Billion Bitcoin Appetite: Michael Saylor Goes All In (Again)
Strategy, previously known as MicroStrategy, earned a $5.8 billion profit on its Bitcoin investments in…
Peter Brandt Predicts When Bitcoin Price Might Reach $150,000, Technical Signals Show Where Market Is At
Bitcoin’s price action has broken above $96,000 in the past 24 hours, strengthening the case…
Bitcoin Core Developer Sjors Provoost: Bitcoin Core The Project
Bitcoin Magazine Bitcoin Core Developer Sjors Provoost: Bitcoin Core The Project While at the MIT…