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Bitcoin Hovers Above $28K After ETF Reports Prove False

Altszn.com by Altszn.com
October 16, 2023
in Ethereum
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Bitcoin Hovers Above K After ETF Reports Prove False
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In a note, David Lo, head of financial products at Bybit, wrote that on-chain activity shows bitcoin holdings by long-term investors are reaching record levels, while Ethereum’s gas usage is dropping significantly, leading to faster ether inflation. Bitcoin has increased its dominance – its share of the overall market capitalization of cryptocurrencies – while notching gains relative to ether.

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Read More: www.coindesk.com

Tags: 28KBitcoinETFETHEthereumFalseHoversProvereports
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