- Analysts predict peak cycle for Bitcoin and Ethereum amid regulatory uncertainty.
- Regulatory debates and SEC allegations intensify negative sentiment toward Ethereum.
As Bitcoin [BTC], the leading cryptocurrency, dips below the $60,000 threshold, analysts suggest that BTC may have reached its peak for this cycle.
Ethereum [ETH] seems to be mirroring the movements of Bitcoin, as both cryptocurrencies are currently experiencing a downward trend.
Commenting on the uniqueness of this crypto cycle, crypto veteran Alex Krüger said,
“The crypto cycle has been almost entirely driven by the bitcoin ETF.”
He further added,
“ETH has been a major disappointment, but it has performed well overall for stakers and airdrop farmers.”
Why is Ethereum losing its limelight?
Undoubtedly, Bitcoin achieved remarkable performance by reaching new record highs in this cycle. However, Ethereum’s position has declined, falling below…
