Investors Are Increasingly Interested in Ether: Bybit
According to a report by crypto exchange Bybit on December 2nd, Ether has surpassed Bitcoin in both the cryptocurrency spot and derivative markets since the United States presidential election on November 5th.
Bybit co-created the November 2024 “Volatility Review” with market researcher Block Scholes, noting that Ether saw a significant increase in demand compared to BTC during this time, reflected by a decrease in the ratio between their spot prices.
In addition, there has been growing interest in ETH options, indicating a preference for Ether among traders.
This trend has been further propelled by the news of US Securities and Exchange Commission Chair Gary Gensler’s plans to step down on November 21st, garnering even more attention and momentum for Ether. As a result, Ether’s strong performance has continued in the market.
