Analyzing Bitcoin’s (BTC) Potential Hurdles and Ethereum’s (ETH) Ongoing Decline: A Deep Dive into Crypto Trends

• According to Markus Thielen, founder of 10x Research, Ethereum’s weak performance in this cycle is also hindering Bitcoin and other cryptocurrencies.
• Bitcoin, which hit rock bottom in November 2022 after FTX’s bankruptcy, has been showing a tremendous performance since 2023.
• Thielen argues that Ethereum’s weak fundamentals are affecting Bitcoin and other altcoins due to the high correlation between BTC and ETH.

Markus Thielen, founder of 10x Research, discusses the impact of Ethereum’s weak performance on Bitcoin and other cryptocurrencies, and predicts potential future trends.