**Bitcoin is Bigger than Ethereum!**
- Bitcoin is making a scene again! Bitcoin price reached $68,180 with a market capitalization of $1.34 trillion. Meanwhile, Ethereum is only at $2530 with a market capitalization of $305 billion. 😲
- The ETH/BTC ratio is now only 0.037, the lowest since April 2021. In the past, when Bitcoin went up, Ethereum also went up. But now? Not anymore!
- Since the Ethereum Merge upgrade in September 2022, the value of ETH against BTC has fallen by more than 50%. Even though the crypto market as a whole is rising in dollars.
- Bitcoin is increasingly popular as "digital gold", especially after several US banks collapsed and Bitcoin ETFs were a huge success.
- Bitcoin's dominance has now reached 59% of the entire crypto market. Meanwhile, Ethereum ETFs are experiencing negative cash flows.
- Even so, Ethereum supporters remain optimistic. They believe that Ethereum's L2 can solve the problem of slow and expensive networks.
- Ryan Sean Adams of the Bankless podcast says, "The only thing missing from ETH right now is trust – but that could change overnight."
What do you think? Let's discuss in the comments!