Matrixport Lianchuang: ETH/BTC may drop to 0.05 first and then rise to 0.06
Daniel Yan, the founder of Kryptanium Capital and co-founder of Matrixport, said that although ETH prices may benefit in the long term, we may see sustained net outflows from ETH trust funds (ETHE) due to the steep learning curve and lack of proof of stake income.He also stated that ETH/BTC may first drop to 0.05 and then rise to 0.06.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Donald Trump's inauguration may no longer be a sell-the-news event for bitcoin, K33 says
Bitcoin’s price initially surged following Donald Trump’s election victory, buoyed by the prospect of his pro-crypto policies.However, macro headwinds have seen markets cool since mid-December, leading analysts at K33 to ponder if Trump’s inauguration is no longer a sell-the-news event.
Today, the US Bitcoin ETF has a net outflow of 2,244 BTC, and Ethereum has a net inflow of 3,511 ETH
Franklin Templeton: Expect the Fed to cut rates once or twice by 2025
US SEC Chairman: Bitcoin is now like gold, 7 billion people around the world want to trade it