Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

CEO Shakeup at Morph, Bitget’s Layer-2 project

2025-06-04

Yuga Labs throws NFT icons while it doubles on monkeys and others.

2025-06-04

US-based ETFs that set for growth, despite some regulatory, macro-tailwinds

2025-06-04
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    CEO Shakeup at Morph, Bitget’s Layer-2 project

    2025-06-04

    World launches at home Iris Scanning in Argentina

    2025-06-04

    What is the BNB chain RWA Incentive program?

    2025-06-04

    Almost intentions makes cross-chain BNB-Swaps a total breeze

    2025-06-04

    Mogul Club, AVA Labs Partner to bring tokenized real estate to web3 investors

    2025-06-04
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    US-based ETFs that set for growth, despite some regulatory, macro-tailwinds

    2025-06-04

    NYSE ARCA submits to mention Truth Social’s Spot Bitcoin ETF

    2025-06-03

    Donald Trump Jr. says that family came in crypto after he was degraded, realizing the financial system was ‘Pyramid Scheme’

    2025-06-03

    Dubai Crypto ambitions rise with Solana and Ripple Moves

    2025-06-03

    ‘Revenge Tax’ hidden in President Trump’s account could activate the Capital War, Deutsche Bank warns: Report

    2025-06-02
  • Analysis

    The largest grant debuts from Russia BlackRock’s Ishares Bitcoin Futures ETF for trade

    2025-06-04

    Dogecoin (doge) consolidates losses – Can Meme Coin Mania make a comeback?

    2025-06-04

    Ethereum and XRP steals the spotlights in daily win after Bitcoin has recovered $ 106k

    2025-06-04

    ‘Big Short’ investor Steve Eisman publishes the stock market warning, says that he has ‘one care’ now

    2025-06-04

    Ethereum Price has an upward break, can the bulls regain control?

    2025-06-04
  • Learn

    What Is Yield Farming and How Does It Work?

    2025-06-02

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»‘Ethereum has more influence on the election outcome than Bitcoin’ – Why?
Bitcoin

‘Ethereum has more influence on the election outcome than Bitcoin’ – Why?

2024-08-28No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • ETH is more sensitive to US elections than BTC, according to Bitwise’s CIO.
  • The altcoin has been underperforming against BTC since 2022; will the trend change?

According to Bitwise’s CIO Matt Hougan, Ethereum [ETH] has greater exposure to US election results than Bitcoin [BTC].

The director noted that ETH has doubled BTC’s losses since Kamala Harris replaced Biden as the Democratic presidential candidate on July 21. He said,

“Since Harris replaced Biden. BTC: -8.68%, ETH: -26.19%. In my opinion, Ethereum has more influence on the election outcome than Bitcoin.”

Since Harris replaced Biden, ETH has fallen from $3.3K to less than $2.5K. On the other hand, BTC fell from above $68,000 to below $60,000 during the same period.

As such, ETH’s perceived high sensitivity to the changes could indicate that the outcome of the US elections in November could impact the altcoin more than BTC.

ETH is ‘still great’

Furthermore, ETH lost significant market dominance between July and August as liquidity flowed to other competing assets such as BTC and Solana. [SOL].

According to market commentator Marty partythis did not bode well for the largest altcoin.

Ethereum Ethereum

Source:

An evaluation of the ETHBTC ratio, which tracks the price performance of ETH against BTC, has been in a downward trend since late 2022. In short, ETH has been underperforming BTC for two years.

Unless the descending channel is broken, ETH’s underperformance could spread.

EthereumEthereum

Source: ETHBTC ratio, TradingView

However, Vitalik Buterin, co-founder of Ethereum, claimed that ETH was still great despite overwhelmingly weak market sentiment.

See also  Victory over grayscale causes Bitcoin open interest to rise after hitting a one-year low

Rebutting the idea that Solana has more developers than ETH and would be the most preferred over the next five years, Buterin says said,

“I like how the chart understates ethereum’s success by listing the L2s as separate categories, but even with that handicap, ethereum still looks great 😂😂”

EthereumEthereum

Source:

Meanwhile, ETH lost 8% of its value on Wednesday and fell below $2.5K, wiping out most of August’s recovery gains. The altcoin needed to reclaim the $2.5K for any potential recovery trend.

Next: Crypto Week Ahead: Will BTC, ETH, SOL See Price Corrections?

Source link

Bitcoin Election Ethereum influence outcome
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The largest grant debuts from Russia BlackRock’s Ishares Bitcoin Futures ETF for trade

2025-06-04

Certified analyst says that Bitcoin Dominance can reverse with 64% – is it time for Altcoin season?

2025-06-04

Bitcoin ETF: $ 1.2 billion exit in 3 days, the most since March – what now?

2025-06-04

How you earn a fixed income every day starts remotely a bitcoin -mining machine with XRP using your phone or computer.

2025-06-04
Add A Comment

Comments are closed.

Top Posts

Propy partners with Inspectify to perform real estate inspections onchain, streamlining real estate

2024-10-10

THIS Bitcoin metric is approaching ZERO

2024-09-07

Is $10,000 Possible for XRP Price? Crypto Analysts Weigh In

2023-09-20
Editors Picks

Solana MVRV signals more gains amid market decline: Glassnode

2024-12-21

Bitcoin: Why This Could Be the Right Time to ‘Buy the Dip’

2023-12-11

Will Bitcoin price hit $25,000 anytime soon? Analysts suggest….

2023-05-10

Macro Guru Raoul Pal sees Bitcoin rise for the next 12 months, says everyone needs a weaker dollar to serve debts

2025-04-23

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

CEO Shakeup at Morph, Bitget’s Layer-2 project

Yuga Labs throws NFT icons while it doubles on monkeys and others.

US-based ETFs that set for growth, despite some regulatory, macro-tailwinds

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,966.84-0.76%
  • ethereumEthereum(ETH)$2,615.570.69%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.21-1.71%
  • binancecoinBNB(BNB)$663.690.54%
  • solanaSolana(SOL)$154.50-0.52%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.188835-2.26%
  • tronTRON(TRX)$0.2743081.44%
  • cardanoCardano(ADA)$0.67-1.75%
  • hyperliquidHyperliquid(HYPE)$35.39-1.68%
  • suiSui(SUI)$3.20-1.56%
  • chainlinkChainlink(LINK)$13.88-1.63%
  • avalanche-2Avalanche(AVAX)$20.29-3.83%
  • stellarStellar(XLM)$0.267779-1.98%
  • unus-sed-leoUNUS SED LEO(LEO)$8.991.46%
  • bitcoin-cashBitcoin Cash(BCH)$400.66-0.59%
  • the-open-networkToncoin(TON)$3.17-0.32%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.42%
  • hedera-hashgraphHedera(HBAR)$0.167759-2.66%
  • litecoinLitecoin(LTC)$88.23-1.28%
  • polkadotPolkadot(DOT)$4.03-2.35%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • moneroMonero(XMR)$313.94-9.00%
  • bitget-tokenBitget Token(BGB)$4.77-0.45%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.000012-2.56%
  • piPi(PI)$0.65-0.11%
  • aaveAave(AAVE)$264.880.15%
  • uniswapUniswap(UNI)$6.34-4.42%
  • bittensorBittensor(TAO)$378.31-2.78%
  • aptosAptos(APT)$4.81-2.83%
  • okbOKB(OKB)$50.01-0.14%
  • nearNEAR Protocol(NEAR)$2.45-2.23%
  • crypto-com-chainCronos(CRO)$0.100202-2.20%
  • internet-computerInternet Computer(ICP)$5.27-0.19%
  • ethereum-classicEthereum Classic(ETC)$17.31-1.37%
  • ondo-financeOndo(ONDO)$0.83-1.63%
  • gatechain-tokenGateToken(GT)$19.17-0.79%
  • mantleMantle(MNT)$0.67-1.98%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.214414-0.17%
  • kaspaKaspa(KAS)$0.084029-4.59%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • official-trumpOFFICIAL TRUMP(TRUMP)$10.85-3.14%
  • vechainVeChain(VET)$0.023868-3.12%
  • render-tokenRender(RENDER)$3.77-3.81%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.80-3.61%
  • ethenaEthena(ENA)$0.318534-4.08%
  • worldcoin-wldWorldcoin(WLD)$1.15-3.67%
  • arbitrumArbitrum(ARB)$0.3631980.64%
  • bitcoinBitcoin(BTC)$104,966.84-0.76%
  • ethereumEthereum(ETH)$2,615.570.69%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.21-1.71%
  • binancecoinBNB(BNB)$663.690.54%
  • solanaSolana(SOL)$154.50-0.52%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.188835-2.26%
  • tronTRON(TRX)$0.2743081.44%
  • cardanoCardano(ADA)$0.67-1.75%
  • hyperliquidHyperliquid(HYPE)$35.39-1.68%
  • suiSui(SUI)$3.20-1.56%
  • chainlinkChainlink(LINK)$13.88-1.63%
  • avalanche-2Avalanche(AVAX)$20.29-3.83%
  • stellarStellar(XLM)$0.267779-1.98%
  • unus-sed-leoUNUS SED LEO(LEO)$8.991.46%
  • bitcoin-cashBitcoin Cash(BCH)$400.66-0.59%
  • the-open-networkToncoin(TON)$3.17-0.32%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.42%
  • hedera-hashgraphHedera(HBAR)$0.167759-2.66%
  • litecoinLitecoin(LTC)$88.23-1.28%
  • polkadotPolkadot(DOT)$4.03-2.35%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • moneroMonero(XMR)$313.94-9.00%
  • bitget-tokenBitget Token(BGB)$4.77-0.45%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.000012-2.56%
  • piPi(PI)$0.65-0.11%
  • aaveAave(AAVE)$264.880.15%
  • uniswapUniswap(UNI)$6.34-4.42%
  • bittensorBittensor(TAO)$378.31-2.78%
  • aptosAptos(APT)$4.81-2.83%
  • okbOKB(OKB)$50.01-0.14%
  • nearNEAR Protocol(NEAR)$2.45-2.23%
  • crypto-com-chainCronos(CRO)$0.100202-2.20%
  • internet-computerInternet Computer(ICP)$5.27-0.19%
  • ethereum-classicEthereum Classic(ETC)$17.31-1.37%
  • ondo-financeOndo(ONDO)$0.83-1.63%
  • gatechain-tokenGateToken(GT)$19.17-0.79%
  • mantleMantle(MNT)$0.67-1.98%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.214414-0.17%
  • kaspaKaspa(KAS)$0.084029-4.59%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • official-trumpOFFICIAL TRUMP(TRUMP)$10.85-3.14%
  • vechainVeChain(VET)$0.023868-3.12%
  • render-tokenRender(RENDER)$3.77-3.81%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.80-3.61%
  • ethenaEthena(ENA)$0.318534-4.08%
  • worldcoin-wldWorldcoin(WLD)$1.15-3.67%
  • arbitrumArbitrum(ARB)$0.3631980.64%