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Ether Outperforms Bitcoin By 55% Over The First Month Of 2021
Summary: While Bitcoin has gained 15% over the first month of 2021, Ethereum has stolen the show gaining 70% over the same time period. “Ether appears to have finally broken its recent lockstep correlation with bitcoin, as evidenced by its more rapid recovery after a sell-off, which also appears to have been fueled by profit taking ...
While Bitcoin has gained 15% over the first month of 2021, Ethereum has stolen the show gaining 70% over the same time period.
“Ether appears to have finally broken its recent lockstep correlation with bitcoin, as evidenced by its more rapid recovery after a sell-off, which also appears to have been fueled by profit taking after the second-largest crypto asset hit an all-time high earlier this week,” eToro’s Guy Hirsch told CoinDesk.
Investors are taking profits made from Bitcoin and trading into Ether and other assets given the 2021 price performance and high profile of Bitcoin, Jake Brukhman, chief executive officer of crypto investment firm CoinFund told CoinDesk.
By Emily Mason
Tags: Bitcoin,BTC,ETH,Ether
Link: Ether Outperforms Bitcoin By 55% Over The First Month Of 2021 [Copy]
