Bitcoin, Solana Hit New Cycle Highs Against Ether as Trump Edges Closer to U.S. Presidency
Bitcoin dominance approached 61% with Solana dominance also primed to touch record high.
Bitcoin dominance approached 61% with Solana dominance also primed to touch record high.
The second-largest crypto has been locked in a sizable downtrend relative to bitcoin.
Bitcoin Cash and Uniswap led CoinDesk 20 gains, each rising more than 5%.
The growing use of stETH in DeFi protocols means ether’s yield is slowly taking the role of the federal funds rate in the crypto ecosystem, according to a report from Ark Invest.
The token will be available on both Ethereum and OP Mainnet.
Ether has outperformed bitcoin in just seven of the last 23 months.
If Vice President Kamala Harris beats Donald Trump in the U.S. presidential election, that could be good for Ethereum, though crypto is in good shape either way, Bitwise’s Matt Hougan says.
The launch of Monochrome Ethereum ETF follows the crypto investment firm’s spot bitcoin ETF, which went live in August.
Ether traders display a stronger inclination to mitigate potential downside risks than bitcoin,
ETH ETFs haven’t gained the same traction as BTC ETFs, even seeing net outflows this week. Tom Carreras investigates why.