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- 🗒 Gate.io Suggested Topics Posting Event: #NFP Data Release#
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The Non-Farm Payroll (NFP) data is set to be released on May 2nd. As a key economic indicator, it often has a significant impact on market sentiment. How do you think this upcoming report will influence the crypto market’s direction? Are you bullish or bearish?
Post with the hashtag #NFP Data Release# to share your insights or analysis to share the $50 reward pool!
⏰ Event Time: April 30, 4:00 AM - May 1, 4:00 AM (UTC)
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Analyst: ETH has only outperformed BTC 15% of the time since its launch.
According to ChainCatcher news, as reported by Cryptonews, Glassnode's chief analyst James Check pointed out in a post on the X platform that historically, Ethereum has lagged behind Bitcoin in most market cycles. Since the launch of Ethereum in 2015, it has outperformed Bitcoin on only 15% of trading days. Ethereum briefly surpassed Bitcoin in the early days, particularly from the middle of 2015 to the middle of 2017, and from the end of 2019 to the beginning of 2020. Since the beginning of 2020, Bitcoin has maintained dominance. The ETH/BTC ratio has now fallen to its lowest point in five years at 0.018, the lowest since December 2019. At that time, the price of Ethereum was $125, while Bitcoin was trading at around $7,000.