Prepare for the ‘Flippening’ as Ethereum Challenges Bitcoin’s Dominance Ethereum might not be the second banana for much longer as Bitcoin s grip slips April 28, 2021 By David Moadel, InvestorPlace Contributor Apr 28, 2021, 3:00 pm EDT April 28, 2021
Ethereum (CCC:
Bitcoin (CCC:
Source: Shutterstock
Indeed, Bitcoin has been the most dominant cryptocurrency since its inception back in 2009. Every other cryptocurrency, including Ethereum, is just an “altcoin” compared to Bitcoin.
Change might be afoot, however. Ethereum’s comparative stability could make it more attractive as an investment among cryptocurrency aficionados.
Could Ethereum overtake Bitcoin as the most dominant crypto coin in 2021? Anything’s possible, I believe, in the fast-changing world of decentralized assets.
24/04/2021
Watch: Mark Richardson reveals he s invested in popular cryptocurrency. Credits: Video - The AM Show; Image - Getty
Bitcoin and other cryptocurrencies posted sharp losses on Friday, on concern that US President Joe Biden s plan to raise capital gains taxes will curb investments in digital assets.
News reports on Thursday said the Biden administration is planning a raft of proposed changes to the US tax code, including a plan to nearly double taxes on capital gains to 39.6 percent for people earning more than US$1 million.
Bitcoin, the biggest and most popular cryptocurrency , slumped to US$47,555, falling below the US$50,000 mark for the first time since early March. It was last down 4 percent at US$49,667.
Bitcoin tumbles below $50,000, other cryptos sink over Biden tax plans
Reuters | Apr 24, 2021 12:17 AM EDT
The exchange rates and logos of Bitcoin (BTH), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) are seen on the display of a cryptocurrency ATM of blockchain payment service provider (Photo : REUTERS/Arnd Wiegmann)
Bitcoin and other cryptocurrencies posted sharp losses on Friday, on concern that U.S. President Joe Biden s plan to raise capital gains taxes will curb investments in digital assets.
News reports on Thursday said the Biden administration is planning a raft of proposed changes to the U.S. tax code, including a plan to nearly double taxes on capital gains to 39.6% for people earning more than $1 million.
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