🟠After the Federal Reserve’s interest rate cut, Bitcoin’s price rose by 14%, while Ethereum’s increased by about 12%. However, Ethereum continues to lag behind the flagship cryptocurrency. Analysts attribute this to Bitcoin’s first-mover advantage with institutional investors. Additionally, interest in Bitcoin futures has reached record levels, while Ethereum futures remain comparatively less liquid.
🟠In October, Ethereum’s trading volume fell behind most altcoins. The gap in trading volumes between Ethereum and the top 50 crypto assets widened to its highest level since March, according to Kaiko analysts. Andre Dragos, head of research at Bitwise in Europe, also noted that the total investment volume in Ethereum continues to lag behind Bitcoin.