Bybit is the second-largest crypto exchange in the world. Its rank at the moment is greatly dependent on trading volume. Recently released data shared by the company suggests that something major is coming. For this, Bybit just joined hands with Block Scholes.
The latest investor report shared by blockchain analytics suggests that people are flocking towards ETH. Experts believe that the latest Pectra update primarily drives the rally, but the real question is about its longevity.
What Pushed The Rally
Even though the general notion is that the rally was pushed primarily by the Pectra update, the reality is slightly different. According to data shared by Bybit, the surge is not just due to Pectra. Some believe that the origin of the surge can be traced back to macroeconomic factors.
According to reports, Trump and his tariff plans are some of the most crucial reasons for the conducive situation for the meteoric growth of ETH and its regained prices. In some ways, ETH even outperformed BTC.
Therefore, ETH is currently on a roll and is one oif the most profitable crypto assets. However, the market is still in a volatile state. Hence, keep an eye out for any aberration as it affects the token’s overall prices to some extent.
