Part 2/15:
Despite some turbulence, Bitcoin's yearly returns stand at a modest 2%, which may seem underwhelming considering the recent ETF approvals. When we compare Bitcoin to its peers, Ethereum notably outperformed with a 15.4% increase, signaling strong altcoin strength amidst Bitcoin's weaker week. Conversely, assets like Salon decreased by 4%, Binance by 3%, but many layer-two solutions like Optimism and Arbitrum surged, reflecting excitement around layer-two scaling solutions.
Asset Pricing in Dollar Terms
In USD, Ethereum rose approximately 12.49%, reaching around $25,000, while Bitcoin dipped slightly by 2.5%. This mixed performance underscores the week’s volatility but also hints at underlying bullish fundamentals.