Ethereum’s encrypted Ethher (ETH) attracted market attention this July, with Bertinas’ rise, which was 60% priced, from $2,398 to $3,850.
It is generally believed that, as cryptocurrency cycles are repeated, with capital spinning from Bitcoin to ETH, as cryptographic reports.
However, German Carmelo Analysts It challenges this story and suggests that the story is different.
The idea that investors are selling bitcoin to buy ETH has gained strength, is that true? Aleman relies on capitalisation of Bitcoin, a metric that reflects the BTC market value according to the price each unit has last moved on the network.
According to German, the data is clear. At 11:00 UTC on July 25th, the metric reached $1018 billion. This shows that not only is the capital invested in Bitcoin still maintained, but also growingaccording to its interpretation, discarding a large exit towards Ethereum. This can be seen in the following graph:
So, what drives the rise of Ethereum? According to Germany, a key factor is the signature of the Genius Act by President Donald Trump. It is trying to regulate and raise US stubcoins.
Ethereum as the main network of these assets is well positioned to make profits. A robust and expanding ecosystem attracts new capital without investors giving up their position in Bitcoin.
“There’s a new flow of capital to Ethereum,” says German. It emphasizes that this growth does not depend on rotation from BTC, but on money that reaches ETH directly by those who understand the importance of this ecosystem.
If the German story is correct, Ethereum’s rebound could tour much larger than previous cycles. A booming combination of ecosystems, support for new regulations, and registration of fresh capital is the registration of ETH as the leading protagonist of the market.
(tagstotranslate)altcoins
