By Omkar Godbole (All times ET unless indicated otherwise)
The current bull market is emulating a bicycle race’s paceline, where the front rider expends energy to drive forward, creating a slipstream for the riders behind before rotating to the back to rest while another rider picks up the effort.
Ether (ETH) took the leader’s duties over the weekend. The second-largest cryptocurrency rose from $3,000 to over $3,300, dragging along bitcoin (BTC), which had been struggling to extend gains. Early this morning, BTC rotated to the front, rising from $119,000 to $122,300.
„This is one of the few times when a rally in major altcoins has inspired BTC to break through. It’s usually the other way around,” Alex Kuptsikevich, a senior analyst at the FxPro, said in an email. „Altcoins are mostly staying out of this race for now, taking a break after last week’s rally.”
BTC’s ascent continues to be driven by spot market demand, as evidenced by the narrowing ratio between trading volumes in futures
We współpracy z: https://www.coindesk.com/daybook-us/2025/08/11/ether-s-rally-pulls-bitcoin-along-crypto-daybook-americas
