Is the Crypto Winter Ending? Ethereum Leads a Quiet Altcoin Revival
- Ethereum is beating Bitcoin, hinting at a new altcoin cycle.
- BlackRock bought $36.7M in ETH, showing growing institutional trust.
- Ethereum wallets are accumulating heavily, similar to previous market peaks.
After what many traders are calling a long “bear winter,” there are early signs that the crypto market could be warming up. Despite record-low social media engagement and widespread frustration over months of sideways price action, data points to a budding recovery, led by Ethereum’s surprising strength.
The “Ethereum Cycle” Emerges
Inside this gloom, a report by Willy Woo has identified a key turning point: the market is entering an “Ethereum cycle.” Historically, when Ethereum begins to outperform Bitcoin, it signals that wider altcoin strength is building.
In the past few weeks, ETH has indeed outpaced BTC by 40%, even as many smaller coins continue to slide. Big names aren’t waiting on the sidelines, BlackRock purchased $36.7 million worth of Ethereum in a single day.
Ethereum’s price has bounced strongly from its April low but has since been trading sideways. However, Ethereum accumulator addresses are n…
The post Is the Crypto Winter Ending? Ethereum Leads a Quiet Altcoin Revival appeared first on Coin Edition.
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Is the Crypto Winter Ending? Ethereum Leads a Quiet Altcoin Revival
- Ethereum is beating Bitcoin, hinting at a new altcoin cycle.
- BlackRock bought $36.7M in ETH, showing growing institutional trust.
- Ethereum wallets are accumulating heavily, similar to previous market peaks.
After what many traders are calling a long “bear winter,” there are early signs that the crypto market could be warming up. Despite record-low social media engagement and widespread frustration over months of sideways price action, data points to a budding recovery, led by Ethereum’s surprising strength.
The “Ethereum Cycle” Emerges
Inside this gloom, a report by Willy Woo has identified a key turning point: the market is entering an “Ethereum cycle.” Historically, when Ethereum begins to outperform Bitcoin, it signals that wider altcoin strength is building.
In the past few weeks, ETH has indeed outpaced BTC by 40%, even as many smaller coins continue to slide. Big names aren’t waiting on the sidelines, BlackRock purchased $36.7 million worth of Ethereum in a single day.
Ethereum’s price has bounced strongly from its April low but has since been trading sideways. However, Ethereum accumulator addresses are n…
The post Is the Crypto Winter Ending? Ethereum Leads a Quiet Altcoin Revival appeared first on Coin Edition.
Read More