JP Morgan says Ethereum is having a better time than Bitcoin

JP Morgan says Ethereum is having a better time than Bitcoin

Ethereum is having a better time than Bitcoin, according to JP Morgan. In this article, you will discover why JP Morgan assures that. Keep reading and learn more about cryptocurrencies!

Ethereum is having a better time than Bitcoin, according to JP Morgan. In this article, you will discover why JP Morgan assures that. Keep reading and learn more about cryptocurrencies!

While bitcoin is in a corrective phase, Ethereum remains strong and is up 44%. The world's second-largest digital currency, in terms of popularity, has been boosted by a JP Morgan report claiming that it could one day be worth more than bitcoin.

While bitcoin is in a corrective phase, Ethereum remains strong and is up 44%.

Both Bitcoin and Ethereum experienced a comparable liquidity shock earlier this month which triggered a comparable de-levering event of their respective derivatives markets in subsequent days.

But Ethereum spot depth has recovered quicker and if anything liquidity conditions on some exchanges is better than prior to that event.

Ethereum spot depth has recovered quicker

Higher turnover on the Ethereum public blockchain means a noticeably higher fraction of those tokens can be considered highly liquid, further blunting the impacts of futures liquidations.

This suggests that Ethereum valuations may be less dependent on levered demand than Bitcoin, a technical but occasionally important tailwind moving forward.

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