Ether (ETH) Traders Gaining Favor Over Bitcoin after Latter’s Spike to $44K

Basis refers to the spread between futures and spot prices. (Velo Data)

Bitcoin has rallied over 60% this quarter, while ether, the supposedly deflationary currency with bond-like appeal and ESG-compliant label, has lagged big time, gaining 35%, CoinDesk data show. The performance gap is even wider in larger time frames, with bitcoin boasting a 163% gain versus ether’s 89%.

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