Ethereum’s performance is stronger than Bitcoin in the second half of 2022!


Bitcoin (BTC) and Ethereum (ETH) suffered significant losses in November, with BTC reaching $15,480 on November 21 and ETH $1,074 on November 23, respectively.

Ethereum’s performance is stronger than Bitcoin in the second half of 2022!

Bitcoin’s price hit a new year low during this trading session. However, according to a report by CryptoCompare on Dec. 6, ETH performed relatively resilient, staying above its June 2022 lows.

According to the data, Ethereum outperformed Bitcoin in the second half of the year, recording a return of 22.4%, while BTC saw a return of -10.8%.

BTC and ETH bounce back. Source: CryptoCompare

Bitcoin and Ethereum mixed H2s

On June 18, Ethereum reached its lowest price of the year at $944. Although down -65% for the year so far, Ethereum is still up 34% in the second half of the year from this price of $1,266 as of December 7.

Ethereum's performance is stronger than Bitcoin in the second half of 2022!  - Picture : 2

ETH lowest YTD chart of the year. Source: CoinMarketCap

In November, when FTX collapsed and billions of dollars were wiped from the digital asset markets, the gap between the performance of digital and traditional assets was as large as it had been all year.

This, along with concerns about a domino effect in other markets, led to very depressing results for the month, with BTC returning to 16.3%, its worst monthly performance since June 2022, when it was trading at $18,288. It changes hands at $16,849.

Bitcoin saw the largest cryptocurrency withdrawal in its history in November, with a net outflow of -91,557 BTC during this period.

Ethereum's performance is stronger than Bitcoin in the second half of 2022!  - Picture : 3

BTC Net Stream. Source: CryptoCompare

Since the failure of FTX, a large number of funds have been withdrawn from centralized exchanges as market players try to protect their cash.

Disclaimer: The content on this site should not be considered as investment advice. Investment is speculative. When investing, your capital is at risk.


Source: Teknolojioku Rss by www.teknolojioku.com.

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