Annoyed with the price of Ethereum? Here’s what drives it, according to Bitwise

Ethereum’s price doesn’t care about Ethereum, says top investment firm Bitwise. What it cares about is Bitcoin and a sprinkling of monetary conditions. The world’s second most valuable blockchain hosts over $162 billion in stablecoins — more than half the global total — according to DefiLlama. US regulators have passed crypto-friendly regulation that should benefit Ethereum. Tokenised real-world assets worth $15 billion run on the network, while institutional access has improved through spot exchange-tr ...