In the past few weeks, we’ve seen bitcoin fluctuate on a wider spectrum, going from $25k to $30k, and bouncing off these levels again and again.
Ethereum however seems to have a much narrower range between $1,700 and $1,900. It’s a lot tighter spectrum that it lives in.
Why is this the case? Why is bitcoin able to fluctuate between a greater spectrum and it feels like it’s more volatile than ethereum? It almost feels like a bunch of whales have their money parked in ethereum and nothing that comes out, news headlines or anything else, can make them respond differently. Whereas bitcoin people are constantly following the news, good days it spikes, bad days it plummets.
Why is ethereum more stable than bitcoin, as of late?
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