Bullcrypto

Today we analyze why BTC and ETH tend to rise and fall at the same time, and why their fluctuation ranges are generally similar.
First of all, Bitcoin (BTC) and Ethereum (ETH) are the "two giants" of the crypto market, sharing the same roots, complementary positions, and long-term high correlation, with synchronized rises and falls being the result of market structure, capital, and sentiment working together.
1. Version correlation is similar to a master-disciple relationship.
Bitcoin (2009) is the pioneer of blockchain 1.0, validating decentralized ledgers and digital scarcity, and is the "ancestor" of all crypto assets.
Ethereum (2015) is the innovator of blockchain 2.0; its founder Vitalik was initially a developer in the Bitcoin community. He added smart contracts on top of Bitcoin, upgrading the blockchain from a "single transfer tool" to a "programmable application platform."
2. The positioning is completely different; they are not in competition.
Bitcoin (BTC): Positioned as digital gold / decentralized store of value, with a total supply of 21 million coins. Its core value is anti-inflation, risk aversion, and value storage, akin to "digital gold."
Ethereum (ETH): Positioned as a world computer / application platform fuel; it acts as the "gas" for the Ethereum network, supporting DeFi, NFTs, blockchain games, Layer 2, and other ecosystems. Its value is driven by on-chain activity, application demand, burning, and staking, resembling "digital oil."
Bitcoin serves as the "value anchor," while Ethereum acts as the "application layer," together forming the core infrastructure of the crypto market.
#BTC行情 #ETH $BTC