Mizuho Securities: If BTC rises further, ETH and other major cryptocurrencies should catch up first

2024-12-05 19:53:37

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ChainCatcher news, according to Reuters, Mizuho Securities' Chief Japan Strategist Shoki Omori stated: "If Bitcoin is to rise further, other major cryptocurrencies should catch up first, such as Ethereum. Compared to Bitcoin, Ethereum looks cheap. Ripple had once surged, but we are seeing profit-taking again at the price of $2.80.

Altcoins appear to be highly volatile. The cryptocurrency community is looking for positive news to drive cryptocurrency prices up across the board. As the market has already digested much of the news related to Trump, the positive factors from Trump trades are beginning to weaken."

Shoki Omori added: "After the news of Atkins being nominated as SEC chairman, retail investors must be very excited to see Bitcoin's price break $100,000. The market knows that Gensler will be leaving, and someone with a less stringent attitude towards cryptocurrency regulation will take over. Of course, this does not mean that Bitcoin will rise forever, as the market will have profit-taking actions."

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