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Few reasons why Ethereum decoupling from Bitcoin might have to wait
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Ethereum has comfortably established itself above the $4500-mark, while Bitcoin continues to trade north of $65000. Now, even though the top two assets have more or less similar quarterly ROIs, BTC charted 49% three-monthly ROI v. USD while ETH reaped 55% ROI over the same timeframe.
Here, it can’t be denied that Bitcoin has largely been the driving force behind the crypto-market’s gains.
The ‘Ethereum flipping Bitcoin’ narrative has been around for quite some time now. However, ETH’s straight-up northbound movement since 1 October has further fueled the narrative that Ethereum could decouple from Bitcoin and also, flip the top asset.
Nonetheless, the fact remains that “Bitcoin is digital gold” is a much clearer and well-established
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