Bitcoin’s Fall Fuels Ethereum Surge: Whale Activity Fuels Market Shift

Bitcoin (BTC) failed to sustain its gains after a brief rally following Federal Reserve Chair Jerome Powell’s speech at Jackson Hole. This decline reversed over the weekend, with BTC dropping to $112,000. Meanwhile, Ethereum (ETH) saw an unprecedented surge and reached a new all-time high during this period. Analysts attribute this rise to significant whale activity shifting capital from Bitcoin to Ethereum.