Connors writes that despite 2023’s focus on Bitcoin’s increased dominance and surging fees amid a challenging U.S regulatory environment, Ethereum’s post-merge performance, including an unexpected non-impact of staking ‘unlock,’ increased staking demand, and realized deflationary promise with over 250k ETH ‘burned,’ is garnering market attention.
Source: https://www.coindesk.com/markets/2023/06/05/first-mover-asia-why-did-bitcoins-price-hold-above-27k-over-the-weekend-two-analysts-expect-continued-resilience/?utm_medium=referral&utm_source=rss&utm_campaign=headlines