To many people, the crypto space, and the top coins like Bitcoin, in particular, should be reaching for the moon by now – at least in terms of price. Numerous crypto analysts and successful investors have long anticipated a major bull run to happen before the end of 2019.
Most people expect the bull run to be led by Bitcoin as opposed to other top coins like Ethereum. In fact, many have praised Bitcoin for its apparent stability. However, a look at the price charts covering the two top coins over the last month shows that Bitcoin has been more volatile than Ethereum.
Volatility: Bitcoin Vs Ethereum
For one, Bitcoin has been on somewhat of a rollercoaster for the better part of October. A look at the crypto’s price fluctuation over this period reveals that at one time, Bitcoin dropped to the $7,470 price range before pumping up aggressively to reach the highs of $9,970, marking about 34% jump within a period of about 48 hours. However, the crypto drew back and is now trading at around $9,100.
On the other hand, Ethereum seems to have managed its price position with more ease, with the lowest point at $160 and the highest at $192. The difference amounts to around 20%. That’s a much lower percentage difference as compared to Bitcoin’s. Ethereum is currently trading at around $184.
What’s more interesting is the fact that this is new to Bitcoin. In fact, according to a tweet by skew markets, it’s rather unusual for Ethereum to be less volatile than Bitcoin.
Possible Explanation
From a speculative point of view, the heavy fluctuation on the part of Bitcoin may have been triggered by factors like the recent awakening of some big Bitcoin whales as well as the expected block reward halving slated for May 2020. Still, if a bull is to happen, many expect Bitcoin to lead it.
