CoinDesk·4 min read·hard
Bitcoin, ether benefit as traders seek safety of largest tokens
F
Francisco Rodrigues
✦AI Summary
Cryptocurrency traders are shifting capital toward Bitcoin and Ether as altcoins struggle to maintain momentum. Market analysts suggest that Bitcoin's integration into institutional financial products like ETFs provides a stability that smaller tokens currently lack.
Crypto appears to be moving to the perceived safety of the biggest tokens, with bitcoin and ether ETH $ 1,903.32 the only CD20 members in positive territory. Zaheer Ebtikar, the chief strategy officer at crypto neobank Plasma, told CoinDesk altcoins are struggling “without aggressive support from bitcoin momentum.”
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