Companies prefer Ethereum to Bitcoin

In the eyes of organizations, Ethereum is more important than Bitcoin. The price of Bitcoin is considered too high and more and more cryptocurrency traders are choosing Ethereum. The growing scenario of the Ethereum application industry has become the preferred crypto investment for organizations.

Because the king goes to the development of financial growth (DEDI), King is the better choices BIBI. The investors are on this. Data is displayed by advertising in September in September showed by a minor coin from a small coin taken by the randomly of the leadership of the brings up by the leadership of the leadership of the travel to go and switch to the direction. Up to the top, Bitcoin falls in September and Etrotian information reports that both calls are denied something. However, data has been moved growing and more investors in Bitcoin and buy eti square. Bitcoin rate has lost 7.8% in September. The total number of items available from the Office has about $ 35.1 billion. This is low in 5 months. In May, the contrast of bitcoin rushed up, and the size of the improvement center was happy. Bibi Tercoin as a different structure, and the Tanfques flowing to multiple funds. The same encrettion called business shows up to the new pressure. This information is the largest business in September, which is the veteran and challenge daily from 29%. The Board of Board email email by email by email by stable industry sharing of small coins. According to many instructions for the past few months, Emperor Wong has built digital resources. Tiiquian futures has passed to small coins in early six months of gifts. The vegetables are still going up. The passion of the comparison of bisccoin's contrast is reduced. The examiner is revealed that the interest in bikin's minor resources were rejected, and to Tahan is good. Shaft the cost of donation, and the amount of yellow gifts is higher than the cost. Although the installed business was treated, cryptographic assets are also dropped, but many money for a few weeks ago. This is the standard of turn and investors back in the game.

Bitcoin comes to $ 50,000

On the afternoon of October 5, Beijing time, in the face of the prospect of uncertainty for the global market recovery, the price of Bitcoin recovered to $ 50,000.

Data shows that the Bitcoin market started posting gains on the morning of October 5, breaking above $ 49,000 at a time, then reversing its position to $ 50,000, an increase of over 5% per day. The price of Ethereum broke the $ 3,400 mark in one fell swoop, innovating since September 7, along with Bitcoin.

With the exchange of Bitcoin, the US blockchain security industry began to take the lead in the market, with 9 cities up over 8%, Canaan Technology up 2.71%, Bit Digital up over 3% and Marathon Patent up 2.95%.

Bitcoin's gains were briefly decoupled by the currently weak international stock market. Our largest U.S. stock market closed on October 5, with the Nasdaq down 2.14%, the lowest since June, and the S&P 500 down 1.3%, the lowest since July 19. and the Dow Jones fell 0.94%.

Technologically, Twitter fell 5.8% and Facebook fell 4.9%, the largest drop since November 2020, when Apple fell more than 2.4% and 11% respectively during its peak in September 7. . The Chip index fell 2.5%, while Nvidia, CRUS and Microchip Technology fell more than 4%. The Chinese commodity market has fallen below 11% in the future.

On the other hand, the Bitcoin market has been booming since October and rebounded from a low of $ 41,000 in late September. Market analysts believe Bitcoin's rise is linked to weak global markets and the financial outlook. Annual financial expectations in the United States rose 5.2% in August for the 10th consecutive month, according to a survey by the Federal Reserve Bank of New York, as expectations of deployment in the euro area are also on the rise .

Another view is that the market is happy that the United States Securities and Exchange Commission (SEC) has agreed to publish Bitcoin ETFs, and the United States Securities and Exchange Commission (SEC) has said that it would decide over 20 Bitcoin and Ethereum related ETFs. .

According to data from Alternative.me, the Bitcoin Panic and Greed index was at 59 on October 5, with the transition level from Neutral to Greedy.