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Barchart
Barchart
Andrew Hecht

Ethereum- Why is the Second-Leading Crypto Underperforming Bitcoin?

Bitcoin Ethereum SEC Crypto Cryptocurrency Barchart POW

There is lots of controversy surrounding cryptocurrencies. In a May 11, 2023, Barchart article, Bitcoin – Stuck in Neutral, I wrote, “Bitcoin and cryptos are stuck in neutral in mid-May 2023….the odds favor higher prices.” On that day, Bitcoin was at the $27,159.55 level, with Ethereum on either side of $1,800 per token. 

After a dip to lower levels that found bottoms on June 15, the top cryptos took off on the upside, but Bitcoin has outperformed Ethereum. 

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