I use an app that pays crypto whenever I make correct predictions [every 3 hours] about BTC and ETH, which means that eight times a day – every day, I check the price of both.
Generally speaking, the whole market follows Bitcoin so when it goes down, the rest goes down and vice versa.
Having said that, I’ve noticed a change since late 2021/early 2022 – back when ETH couldn’t stay under $4,000 (good times).
ETH and BTC still fall and rise together but the former now falls harder, while the latter takes less time to bounce back.
Last night, they both capitulated with a loud bang but even now, when you look at the charts, Bitcoin feels and looks like it’s trying to get back above $26,000 as quickly as possible whereas ETH feels and looks like it wouldn’t mind falling below $1,300.
It is impossible to determine why so your guess is as good as mine but I’ll wager this is because recent trouble (Terra Luna and the Celsius drama) taught us that we can’t achieve decentralisation unless it is built in the system.
In other words, there’s a face or a name behind every crypto project except Bitcoin, which is probably as close as we’ve gotten – so far, at least – to through decentralisation.
Still, it’d be nice if they both stopped falling, dammit.
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