Bitcoin Losing Shine? Investors Rush to New Asset
Bitcoin is one of the leading cryptocurrency assets in today’s age and culture. The fact that the token has weathered several storms to reach this spot speaks volumes about its pace and momentum. However, it seems that the cryptocurrency market is currently up for a haul, an evolution of sorts where institutional interest seems to be pivoting towards another asset rather than Bitcoin. Do you own this asset? Also Read: VanEck CEO Calls Ethereum ‘Wall Street’s Token’ as It Eyes $6K A New Shiny Asset Is Taking Over Bitcoin Source: AscendEx Ethereum is the new breakout asset, the shiny new asset that has captivated the markets as of now. The token has become the center of mainstream crypto transactions, inviting a huge influx and institutional demand at the moment. Per Crypto Gucci, a notable cryptocurrency expert, Ethereum is slowly adopting a new status altogether, beating the allure of Bitcoin in the space. Crypto Gucci, in his new post on X, quoted Matt Hougan, CIO of Bitwise. He ...