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BTC Atypically Outperforms ETH Amidst Risk-On Sentiments

BTC Atypically Outperforms ETH Amidst Risk-On Sentiments

Written By:, Marcus Wang

Edited by:, Charmyn Ho

Macro and Overall Risk Sentiment

Q4 U.S. GDP beat market expectations, stoking hopes of a softer landing. Bulls bet on an imminent “Fed Pivot”, brushing off weak corporate earnings released this week. Meanwhile, the crypto market momentum remains bullish, with both ,BTCUSDT, and ,ETHUSDT, gaining 9.4% and 2.2%, respectively, in the past week. Interestingly, Bitcoin continues to outperform Ether atypically during the risk-on period, where Ether’s bulls behave weaker than expected as the market anticipates the upcoming Shanghai upgrade.

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