Prices rise as Ethereum looks 'increasingly compelling'
BTC opened near $64,720 and ETH pushed above $1,917 on July 16, with analysts flagging Ethereum as increasingly compelling versus Bitcoin.
Bitcoin opened at $64,720.36 on Thursday, July 16, down a marginal 0.4% from Wednesday, and eased to $64,065.98 by mid-morning Eastern time. Ethereum opened at $1,917.05, up 1.5%, before slipping to $1,877.39.
The standout was Ethereum's relative strength. Analysts increasingly framed ETH as 'increasingly compelling,' pointing to the launch of Ethereum Institutional, momentum around the coming Glamsterdam upgrade, and rising institutional interest in tokenization and stablecoins built on the network.
The session extended a mid-month recovery that had followed a softer-than-expected inflation report the day before.