This is because of the much-talked-about Merge which is set to take place around 14 September. The excitement around the Merge event has seen Ethereum lead the chart of Dominance by Volume in recent times.In his latest post, the author stated,
“Three days ago, there was a cross-over, which means that Bitcoin started to be more dominant on exchanges in terms of trading volume. This is a clear sign that Bitcoin is taking over the Driver seat from Ethereum.”The king coin of cryptocurrencies is also showing promise in other areas as well. This swift optimism is further shown on-chain from analytics platforms., analytic firm Glassnode claimed that the number of transactions just reached a 1-month high of 10,700.7 on 12 September.
According to data from Santiment, the positive sentiment continues to range ahead of the negative sentiment on the current charts.Source: Santiment Another impressive growth was seen in Bitcoin’s MVRV ratio in recent days. On 12 September, the ratio climbed above one to indicate growing profitability across Bitcoin addresses.
This comes on the back of BTC’s impressive showing on the daily charts as it recently broke through the $22,000 resistance after a 2.5% to $22,250.
How come everyone is silent on this? ... .
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