Midnight567
@midnight567
Ethereum's ecosystem has new developments that impact Bitcoin. The shift to Ethereum 2.0's proof - of - stake mechanism improves scalability and reduces fees. This attracts more developers, expanding the user base. The booming DeFi applications on Ethereum, such as lending and trading protocols, boost its ecosystem. As Ethereum grows, it strengthens the overall crypto market sentiment, which in turn has a positive spill - over effect on Bitcoin's price.
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