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BTC.CM=-377.96 (-1.62%)
ETH.CM=-16.62 (-0.90%)
Ether has hugely outperformed bitcoin since both cryptocurrencies formed a bottom in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchain called “the merge.”
Yuriko Nakao | Getty Images
Since finding a bottom in mid-June, ether has massively outperformed bitcoin as investors anticipate a major upgrade to the ethereum blockchain.
Bitcoin hit a low of $17,601 on June 19 and is up around 31% since then as of Friday’s trading price, according to CoinDesk data.
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Ether also hit its recent low on June 19 at $880.93, but has surged 106% since then.
The huge divergence in performance in the two cryptocurrencies come down to one major factor: a big upgrade in the ethereum blockchain. Ether is the native cryptocurrency of the...
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