No More Flippening: Bitcoin Is Now Worth $1 Trillion More Than Ethereum

CoinMarketCap10-27

Bitcoin has assumed its biggest price lead in recent history over the altcoin ecosystem, leaving Ethereum – its perennial number 2 – in the dust. The market capitalization of the OG crypto is now over...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNo More Flippening: Bitcoin Is Now Worth $1 Trillion More Than Ethereum\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-27 18:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/671e14f650a78504a30d6b5b/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin has assumed its biggest price lead in recent history over the altcoin ecosystem, leaving Ethereum – its perennial number 2 – in the dust.\nThe market capitalization of the OG crypto is now over...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/671e14f650a78504a30d6b5b/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4594","symbol_name":"比特币ETF概念","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/671e14f650a78504a30d6b5b/","article_id":"2478513981","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/411888d4e8e74ef9bdc5e4b2f7061f7e.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478513981","pubTimestamp":1730024692,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Bitcoin has assumed its biggest price lead in recent history over the altcoin ecosystem, leaving Ethereum – its perennial number 2 – in the dust.The market capitalization of the OG crypto is now over $1 trillion greater than its runner-up, which has hit its lowest price point against its senior since early 2021.According to CoinGecko, Bitcoin traded for $68,180 on Thursday, with a market cap of $1.34 trillion. Ethereum, by contrast, traded at $2530, with a market cap of $305 billion.That leaves the ETH/BTC ratio at just 0.037, a low last seen in April 2021 following Ethereum’s meteoric rise over the previous 12 months. During the previous bull market, Ethereum followed the same general price behavior of the other major altcoins: when Bitcoin pumped, Ethereum pumped higher.During this time, Bitcoin dominance has reclaimed multi-year highs, with the asset now worth 59% of the entire crypto market, according to TradingView.The post No More Flippening: Bitcoin Is Now Worth $1 Trillion More","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4594":"比特币ETF概念","CETH":"21Shares Core Ethereum ETF","BK4585":"ETF&股票定投概念","QETH":"Invesco Galaxy Ethereum ETF","BK4588":"碎股","ETHV":"Vaneck Ethereum ETF","ETHE":"Grayscale Ethereum Trust","FETH":"Fidelity Ethereum Fund","EZET":"Franklin Ethereum Etf"},"translate_title":"不再翻转：比特币现在的身价比以太币高出1万亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CETH":1,"ETHE":1,"ETHV":1,"EZET":1,"FETH":1,"QETH":1},"content_text":"Bitcoin has assumed its biggest price lead in recent history over the altcoin ecosystem, leaving Ethereum – its perennial number 2 – in the dust.\nThe market capitalization of the OG crypto is now over $1 trillion greater than its runner-up, which has hit its lowest price point against its senior since early 2021.\nBitcoin’s Trillion Dollar Lead\nAccording to CoinGecko, Bitcoin traded for $68,180 on Thursday, with a market cap of $1.34 trillion. Ethereum, by contrast, traded at $2530, with a market cap of $305 billion.\nThat leaves the ETH/BTC ratio at just 0.037, a low last seen in April 2021 following Ethereum’s meteoric rise over the previous 12 months. During the previous bull market, Ethereum followed the same general price behavior of the other major altcoins: when Bitcoin pumped, Ethereum pumped higher.\nThat’s not the case this time around. Since Ethereum’s highly anticipated Merge upgrade in September 2022, the top smart contract platform has lost over 50% of its value against BTC – despite the entire crypto market rallying in dollar terms since that time.\nOver the last two years, several of crypto’s most bullish catalysts have been Bitcoin-centric. In March 2023, Bitcoin’s reputation as “digital gold” encouraged investors to come flooding into it as several U.S. banks collapsed. Later on, Bitcoin rallied for several months on excitement for Bitcoin spot ETF approvals, and again in 2024 following the ETF’s monumental success.\nDuring this time, Bitcoin dominance has reclaimed multi-year highs, with the asset now worth 59% of the entire crypto market, according to TradingView.\nEthereum’s Lackluster Performance\nUnlike Bitcoin ETFs, which have absorbed over $20 billion in net flows since launch, the Ethereum spot ETFs that went live in July have still seen net negative flows since that time, due to losses from the Grayscale Ethereum Trust (ETHE).\nAccording to CryptoQuant, declines in the Coinbase Premium Index, suggest that institutional investors could be reducing their exposure to ETH.\nEthereum bulls online remain defiant, in the face of underperformance, however. Ethereum educator Anthony Sassal argued Wednesday that Ethereum’s L2s are dismantling any existing FUD around Ethereum being a slow and expensive network, and the network’s current bears are mere “bandwagoners.”\n“The only thing ETH lacks right now is confidence – but that can change overnight,” added Bankless podcast host Ryan Sean Adams on Wednesday.\nThe post No More Flippening: Bitcoin Is Now Worth $1 Trillion More Than Ethereum appeared first on CryptoPotato.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2478513981"}