Cryptocurrency Q&A Does ETH follow BTC?

Does ETH follow BTC?

Chloe_carter_model Chloe_carter_model Thu Dec 26 2024 | 5 answers 1274
I'm wondering if Ethereum (ETH) typically follows the price movements of Bitcoin (BTC). I want to understand if there's a correlation between the two cryptocurrencies. Does ETH follow BTC?

5 answers

SamuraiCourageous SamuraiCourageous Sat Dec 28 2024
Ethereum holds the position of being the second-largest cryptocurrency in terms of market capitalization, trailing only behind Bitcoin.

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HanRiverVisionary HanRiverVisionary Sat Dec 28 2024
Over the years, Ethereum's price movements have exhibited a tendency to mimic Bitcoin's trends against the U.S. dollar.

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SarahWilliams SarahWilliams Sat Dec 28 2024
However, Ethereum's price fluctuations have generally been more volatile compared to Bitcoin.

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DondaejiDelight DondaejiDelight Fri Dec 27 2024
This volatility can be attributed to various factors, including market sentiment, regulatory developments, and technological advancements.

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Riccardo Riccardo Fri Dec 27 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services to its users. Among these services are spot trading, futures trading, and a wallet for storing digital assets.

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