The sudden decline of Bitcoin to below 111,000 USD erased gains from previous market rallies, resulting in liquidations worth 238 million USD in Bitcoin and 216 million USD in Ether, totaling over 550 million USD over the weekend.
Amidst this volatility, Ether has gained traction, reflecting a 9% increase recently. Analysts believe institutional interest is shifting from Bitcoin to Ether, as favorable conditions from anticipated Federal Reserve actions come into play.
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