- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Analysis: OTC Platforms and Market Makers Show Stronger Demand for ETH than BTC; ETH May Continue to Outperform BTC in the Future
BlockBeats News, August 23rd, after Federal Reserve Chairman Powell sent a dovish signal at the Jackson Hole Economic Symposium, contradicting market expectations of a tougher stance, cryptocurrencies surged on Friday night. As a result, asset managers predict that Bitcoin (BTC), Ethereum (ETH), and some altcoins will hit new highs.
Analysts at Monarq Asset Management predict that the price of Ethereum will rise to above $5,000 in the coming days. Sam Gaer, Chief Investment Officer of Monarq Direction Fund, told CoinDesk: "We maintain an overall bullish stance. The market's internal structure remains healthy, with little sign of overheating, and as you pointed out, the path to new highs for BTC and ETH is very clear."
Gaer stated that over-the-counter desks and market makers have a stronger demand for ETH than BTC, which means Ethereum may outperform Bitcoin in the future. However, BTC itself is also showing strong momentum. Gaer pointed out: "Bitcoin has only retraced about 9.6% from its all-time high, much less than earlier pullbacks this year, showing strong demand—the continuous accumulation by whale wallets around $113,000 is evidence of this."
You may also like
Block's 40% Workforce Reduction Due to 'AI Cost Reduction,' Anthropic Denies US Department of Defense Request, What Are Global Cryptocurrency Communities Talking About Today?
Why is Wall Street **Shorting** Crypto's **Poster Child** Strategy?
Beyond the Financials, Nvidia's True Risk and Opportunity
Citrini Lingering Echo
Wintermute: Cryptocurrency Volatility Plummets as Retail Investors Flock Madly to US Stocks
Bloomberg: Romania Presidential Election Meddled by Crypto Traders
WEEX P2P merchant referral program | Invite and earn up to 100 USDT each!
WEEX P2P is launching the "Merchant Referral Program" to build a stronger P2P merchant community and boost market liquidity. Refer potential merchants to join WEEX P2P and both of you can earn rewards.
Key Market Information Discrepancy on February 27th - A Must-See! | Alpha Morning Report
The Circle Beautiful Money Report: Is the True Winner of Stablecoins Not the Issuer?
Opinion: Bitcoin's 10-point Plunge Wasn't All Jane Street's Fault
Milestone AI-driven Layoff, a 50% Reduction in Force, Resulting in Unquestionable Capital Market Approval
WEEX P2P upgrade: Ad posting now available for regular users
To further improve liquidity and user participation in the P2P market and create a more open and efficient trading environment, WEEX now allows regular users to post ads on P2P. This update allows non-merchant users to post ads, opening up greater participation in the P2P marketplace.
Dovey Wan: The Great Liquidity Schism, Bitcoin May Never Keep Up with ARKK
Market Key Insights for February 26th, How Much Did You Miss?
L1 Value Capture Shrinks Significantly, ETH, SOL, HYPE Struggle to Return to All-Time High
Exploring the ‘Super Cycle’ in Artificial Intelligence: Insights from Brad Gerstner
Key Takeaways The concept of a ‘super cycle’ in AI technology is gaining traction, spearheaded by industry experts.…
Children and Trump’s Investment Program: Billionaires’ Contributions to “Trump Accounts”
Key Takeaways: President Donald Trump has introduced the “Trump Accounts” program, massively funded by billionaires to provide financial…
Could Stablecoins Resolve U.S. Debt? Standard Chartered Predicts $1 Trillion in Treasury Demand
Key Takeaways Projected Growth: The stablecoin market could see its capitalization soar to $2 trillion by 2028, significantly…
App