BTC vs ETH, How the World’s Second-Largest Crypto Overwhelmed BTC Performance In April

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Etheruem (ETH) has stormed the crypto market clearly hitting new all-time highs every single day. The ETH price touched an all-time high of $3194 earlier today toppling some of the top financial institutions like PayPal and Bank of America.



The ETH performance over the last month has been nothing short of pathbreaking. In fact, it has clearly dominated the market overwhelming Bitcoin (BTC) entirely. Currently, the ETH domination in the overall crypto space has crossed 16% while that of Bitcoin has dropped under 47%.

Also, if we see the monthly chart, BTC returns stand at negative 1% while that of Ethereum (ETH) stands at a massive 50% over the last month. Similarly, while BTC’s year-to-date returns stand at around 100%, ETH has overwhelmed by 3x with around 300% returns. Below is the one-month chart showing the rising ETH domination.

Courtesy: CoinMarketCap

Key Metrics Where ETH Leads Over BTC

Bitcoin (BTC) and Ethereum (ETH) both registered a strong surge in adjusted on-chain volumes. The combined adjusted volumes touched an all-time high of $792.5 billion. While Etherem’s adjusted volume jumped 63% that of Bitcoin’s surged 22%.

On the other hand, the BTC miner revenue decreased 2.5% to $1.7 billion in April while the ETH miner revenue jumped to an all-time high of $1.65 in the same month.

Also, in April, the BTC futures volume dropped 11.9% to $1.9 trillion. On the other hand, the ETH futures volume broke out and increased a massive 65% to an all-time high of 4873 billion.

On the other hand, as BTC options volume inched higher, the ETH options volumes surged over 100% to $8.28 billion in April. Today’s Ethereum all-time high has also made co-founder Vitalik Buterin the youngest crypto billionaire in the world.

Ethereum is on the verge to hit its next major milestone of $10K per ETH coin. Many analysts predict that this can happen as soon as by the year-end. We at CoinGape explained 10 fundamental reasons as to why ETH price can hit the $10K mark in the next eight months.

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

About Author

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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