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Bloomberg Tech
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What More Heat Do You Have Behind Eth?
Right now we're seeing two things in the market. The first is with the bullish activity around bitcoin, possibly fuelled by the news that tarra was planning on purchasing roughly three billion dollars worth of bitcoin for their treasury. Its a lot of it has to do with the growth of the applications that are being built on top of these layer on so whether it's etherium, or you're seeing that price activity also happening on top of layer ones like avalanche this week. Meantime, i were still seeing bitcoin trade within this fairly narrow range. It's been happening now going on two months. Why is that? Given all the activity?
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