Ether emerges as winner after crypto’s ‘watershed moment’: Bitwise — TradingView News
Key points:
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Bitwise analysts said new US crypto laws favor Ether, boosting its role in tokenization and stablecoins.
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Institutions pile into ETH, with staking ETFs expected to add $20 billion-30 billion yearly.
Ether (ETH) was last week’s top performer, as Bitwise analysts called it a “watershed moment” driven by new US crypto laws and a market rotation. The ETH/BTC ratio surged 27%, sparking a 6% decline in Bitcoin dominance and signaling a capital shift toward altcoins.
In a weekly market update, Bitwise analyst André Dragosch and Ayush Tripathi said ETH’s rally validates the firm’s thesis on the decreasing valuation gap between ETH and BTC. Ether’s rise was assisted by macroeconomic tailwinds, including the Senate’s…
