Crypto Rally Returns for BTC and ETH, but STEEM Remains Unmoved

in #crypto • 9 days ago

Bitcoin and Ethereum are clearly back in momentum mode. Over the past month, BTC has climbed to around 75K with a solid ~5% gain, while ETH has slightly outperformed with a ~6% rise. The price action shows a classic recovery pattern: a dip in late March followed by a steady trend reversal and higher highs into mid-April. This isn’t just noise—it reflects renewed risk appetite and capital flowing back into the majors, which typically lead any broader crypto move.

image.png

In contrast, STEEM tells a very different story. Despite the broader market strength, its price remains largely flat, hovering around $0.058 with a noticeable lack of upward momentum. The chart shows choppy, sideways movement with no clear breakout structure, suggesting weak demand or simply a lack of narrative driving interest. This kind of divergence is important—it signals that capital is not rotating into smaller or legacy altcoins, at least not yet.

image.png

HIVE sits somewhere in between but still leans closer to STEEM than to BTC/ETH. While it has shown a slight uptick recently, the overall structure remains relatively muted compared to the majors. The key takeaway here is blunt: this is a selective market, not a rising tide lifting all boats. If you’re expecting STEEM (or similar assets) to move just because BTC and ETH are rising, that assumption is flawed. Capital is being disciplined right now, and unless a specific catalyst appears, these assets can remain stagnant far longer than most people expect.

image.png

Steem to the Moon🚀!

Support me, thank you!

Why you should vote me? My contributions
Please vote me as a witness or set me as a proxy via https://steemitwallet.com/~witnesses

image.png

#btc #eth #steem #hive #blog
9 days ago in #crypto by
$15.88
  • Past Payouts $15.88
  • - Author $8.47
  • - Curators $7.40
144 votes
Reply 0