Bitcoin Continues to Surge While Ethereum Faces Pressure from Solana’s Rise

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Cryptodnes2025/01/20 16:55

By:Cryptodnes

Bitcoin surged past $109,000, setting a new all-time high, as excitement surrounding Donald Trump’s inauguration fueled market momentum.

Meanwhile, Ethereum faced setbacks, hitting its lowest value against Bitcoin since March 2021, with the ETH/BTC ratio dropping to 0.03.

The rise of Solana played a significant role in Ethereum’s struggles. Solana’s popularity has surged, driven by the memecoin trend, including Trump’s decision to launch his official memecoin on the Solana blockchain instead of Ethereum. This shift has impacted Ethereum’s performance in the current cycle.

According to Min Jung, an analyst at Presto Research, Solana’s momentum, fueled by events like memecoin launches, has placed Ethereum at a disadvantage. However, Jung highlighted that Ethereum still holds strong institutional appeal, noting recent ETH accumulation by World Liberty Financial as evidence.

Trump Memecoin Signals New Era of Crypto Adoption, Says Arca CIO

Despite challenges, Ethereum remains resilient. With its position as the only cryptocurrency besides Bitcoin to have an ETF, it continues to attract attention and retains a pivotal role in the broader crypto landscape, according to Jung. The analyst added that Ethereum is well-positioned to remain a significant focus for investors once Bitcoin’s rally stabilizes.

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.

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The U.S. 10-Year Treasury yield has been rising recently, with the U.S. Dollar Index surpassing the 110 mark. The upcoming release of CPI data and the uncertainty surrounding Trump's inauguration next week could further heighten market volatility. Risk aversion is evident in the market, as global risk assets have shown sluggish performance. In this environment of tense market sentiment and impending macroeconomic data releases, we recommend that investors reduce leverage, manage risks carefully, and set aside funds for potential buying opportunities. This edition highlights some of Bitget's token launch promotions and on-chain Earn products based on USDT/USDC, BTC, and SOL, offering investors a wider range of options.

Bitget VIP•2025/01/17 06:22