Ethereum may continue to outperform Bitcoin, with a nearly 30% increase in May, the best monthly performance since February
According to Coinglass data, Ethereum experienced a significant increase in May, with a nearly 30% increase, thanks to the approval of the Ethereum ETF 19-b application by the US Securities and Exchange Commission. This is the best monthly performance since the 46% increase in February. Historical data shows that May is usually the strongest month for Ethereum, with an average increase of 31%. In comparison, Bitcoin has also shown positive trends, rising more than 12% in May, attempting to recover from the 15% decline in April. Given the current trends and narrative favoring Ethereum, Ethereum may continue to outperform Bitcoin, as the ETH/BTC ratio has maintained positive growth so far this year, indicating a shift in Ethereum's dominant position.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hamster Kombat NFT Game Bans +2.3M Users For Cheating – Recovers 6.5 Tokens From These Users
Cathie Wood's Ark Invest offloads another $2.8 million worth of its own spot Bitcoin ETF
Ark Invest offloaded 44,609 ARKB spot Bitcoin ETF shares on Monday, worth $2.8 million, as the investment firm rebalanced its fund weightings.The Cathie Wood-led firm has sold a total of $17.5 million in ARKB shares from its ARKW fund but still holds $139.7 million of the spot Bitcoin ETF.
Harris Support for Bitcoin (BTC) and Cryptocurrencies Shelved! Sources Explained: "Don't Expect Too Much!"
A person with knowledge said Kamala Harris should not be expected to announce any more cryptocurrency announcements as the election approaches.
Robert Kiyosaki Makes Another Bold Bitcoin Prediction