Bitcoin hits $70,000 for the fourth time, while Ethereum drops significantly to $2,600.
Ethereum’s price has declined with each of Bitcoin’s $70,000 peaks, reflecting shifting dynamics.
Diverging trends highlight Bitcoin’s resilience while Ethereum faces declining investor support.
Bitcoin has reached the $70,000 mark multiple times, but Ethereum’s price has fallen each time. This trend shows a shifting relationship between the two top cryptocurrencies. Bitcoin’s continued high value contrasts with Ethereum’s lower performance over time.
Bitcoin first reached $70,000 when Ethereum was trading at $4,000. The two assets were performing more similarly at that time, with Ethereum showing strong growth. Market enthusiasm was high, and Ethereum was trading near its all-time highs.
When Bitcoin reached $70,000 for the second time, Ethereum had already fallen to $3,700. This decrease showed a divergence in market performance. Bitcoin maintained its value, while Ethereum started a gradual decline. This shift signaled a cooling off for Ethereum compared to Bitcoin.
Third time at $70,000 saw Ethereum at an even lower $3,300. The gap between the two asse…
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