According to a report from K33, Bitcoin and Ether are experiencing increased volatility in 2023, with Ether potentially being the new driver to lift prices higher.
The crypto market is changing, with a surge in trading range for Bitcoin and progress in U.S. debt ceiling negotiations causing a rally in the crypto and U.S. equities markets.
However, the market needs more liquidity to sustain this growth. Ether is well into its deflationary stage with a negative supply growth of 1.46% per year, and the positive correlation between Ether and Bitcoin has weakened this year.
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