Bitcoin To Ether Shift Happening Amid ‘Bear Market PTSD’
Crypto market interest is slowly moving from Bitcoin (BTC) to Ether (ETH), but most investors are unlikely to notice this due to fear of past market downturns, a crypto analyst says.
“The markets aren’t entirely Bitcoin focused; as a matter of fact, it is shifting toward Ethereum,” said MN Trading Capital founder Michaël van de Poppe in a market update on Wednesday.
Van de Poppe cited recent documents from popular Bitcoin onchain analyst Willy Woo, who argued that the crypto market is entering a state of “Ethereum.”
Crypto investors are stuck in a “markets are bad” mindset
“I like the statement,” van de Poppe said, agreeing with it. However, he said the first stages of this shift are probably going unnoticed as…
