In 2024, Bitcoin has outperformed Ethereum in terms of market cap impact, with each dollar invested in Bitcoin boosting its market cap by $5, compared to just $1.30 for Ethereum. This suggests that new money flows exert a stronger influence on Bitcoin than on ETH. In 2024, every $1 invested in #Bitcoin increased its market cap by $5, while for ETH, it was only $1.3. New money flows have a weaker effect on $ETH than Bitcoin. pic.twitter.com/CtAmmMVL8g — CryptoQuant.com (@cryptoquant_com) July 26, 2024 Despite recent declines in ETH prices, institutional demand remains robust. Recent large transactions signal renewed whale activity
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