Bitcoin is still dominating every corner of the crypto market, leaving Ethereum to eat its dust. Bitcoin’s spot ETFs have been raking in cash for 12 days straight. Meanwhile, Ethereum’s spot ETFs? They’ve been losing money for 8 days. 

The trend is clear. Investors are betting on Bitcoin, not Ethereum, as they navigate this market storm.

So, what’s fueling BTC’s dominance? A lot of it has to do with how it lines up with what’s happening in the wider economy. QCP Capital points out that the S&P 500, when you look beyond the big-name stocks, is at an all-time high. 

What does this mean? The optimism is spread across the board. Small-cap stocks are shining, especially in this period of interest rate cuts, and guess what? 

Bitcoin is now moving in step with these small-cap equities. So, while Ethereum is busy with its own thing, BTC showing it can roll with the punches and come out on top.

There’s a general expectation around Bitcoin’s potential to outperform other risk assets. You see, in two out of the last three periods when interest rates were slashed, smaller companies outpaced the big boys. 

That’s right, and now the queen of cryptos is following that trend. This means that it could outdo other high-risk assets as long as this trend holds. And from the look of things, it’s holding pretty well.

On the options market, Bitcoin is also showing its muscle. There’s been some cautious buying of call spreads. The folks at QCP Capital say that “we don’t expect a lot of action this week.” 

They think the market is waiting to see what happens with interest rates in September. Still, Bitcoin’s got that quiet confidence.

Let’s talk numbers, shall we? Bitcoin’s got a market share of around 56.3%, while Ethereum lags behind at 14.6%. That’s not a small gap. It’s more like a chasm. 

And if you’ve been keeping track of their prices, you’ll know Bitcoin’s been a steady performer. At press time, Bitcoin’s trading at $62,780. Ethereum? It’s around $2,690.

With the Federal Reserve looking to cut interest rates, there’s more liquidity floating around. And where’s that money going? You guessed it—Bitcoin. It’s becoming the go-to asset when people are worried about inflation or when the economy’s looking shaky.

Looking ahead, analysts have laid down some predictions. For September, they see BTC’s price moving between $54,000 and $72,000. That’s a wide range, but it shows there’s a lot of room for growth. 

Ether’s forecast? Not so exciting. It’s expected to hover between $2,250 and $3,350. That’s tighter and, honestly, not as impressive. Again, Bitcoin seems to have the upper hand. 

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