The beginning of the bullish trend continues. After Ethereum, Bitcoin begins to grow. Therefore, they have again started to compare among themselves.
Software developer and crypto enthusiast, Ben DiFrancesco, believes that Bitcoin and Ethereum should not be compared, they are not rivals and they should not compete with each other simply because one of them is growing faster than the other. He advises to “grow the pie”. It means to grow a deposit.
However, Twitter users did not agree with Ben’s statement. They believe that Ethereum uniquely bypasses Bitcoin. As an example, they cite the market for derivatives and other derivative financial instruments on DeFi. As we wrote earlier, the decentralized Finance market is at its peak.
Today, Bitcoin broke through the $11,000 mark and fixed above it. Analysts estimated that the growth could continue to $15,000.
Today’s Bitcoin price rose by 6 months to a high of $11,203.90 or +12.73% in a day. It is another indication that the market appetite for the blockchain has recovered and regained confidence in its long-run after a year of regulatory turbulence and the falling value of major cryptocurrencies.
When a coronavirus pandemic spread across the world and policymakers shut it down in March to secure financial funds and other commodities, Bitcoin price declined dramatically.