Mizuho Securities: If BTC rises further, other major cryptocurrencies such as ETH should catch up first

Odaily Planet Daily reported that Shoki Omori, Chief Japan Strategist at Mizuho Securities Tokyo Branch, said: "If Bitcoin is to rise further, other major cryptocurrencies should catch up first, such as Ethereum. Compared to Bitcoin, Ethereum looks cheap. Ripple (Ripple) had risen at one point, but we are seeing it again at a price of $2.80 with profit-taking. appear to be highly volatile. The cryptocurrency community is looking for positive news to drive a general rise in cryptocurrency prices. As the market has already digested much of the news related to Trump, the positive factors brought by the Trump trade are beginning to weaken." Shoki Omori added, "After the news of Atkins' nomination as SEC chairman was announced, retail investors must be very excited to see Bitcoin prices break through $100,000, as the market knows that Gensler will be leaving and there will be someone who is not as tough on cryptocurrency regulation taking over. Of course, this does not mean that Bitcoin will rise forever, as the market will have profit-taking actions."