Bitcoin Updates: Bitcoin Strengthens Its Digital Gold Status While Ethereum Faces Challenges

On November 11, Ethereum's value slipped below $3,000, while

surged toward $90,000, suggesting a possible change in investor attitudes as the market undergoes a broader adjustment. This shift occurs as more institutional investors look into blockchain-based asset management, with representing a significant milestone in the distribution of tokenized funds.

The gap in performance between the two leading cryptocurrencies has grown more pronounced in recent months. Bitcoin, which has consistently outpaced

over the last ten years, is now trading at all-time highs, it could climb to $1 million by 2030. In contrast, Ethereum's recent challenges highlight wider market doubts about its capacity for sustained growth in an increasingly crowded altcoin market. , making their trends a key indicator of the industry's overall health.

Calastone, an international funds network that processes more than $328 billion in transactions each month, has

on Polygon's Ethereum Layer 2 platform. This integration enables asset managers to shorten settlement periods and cut operational expenses, all while adhering to institutional compliance standards. By utilizing Polygon's technology, Calastone seeks to simplify global fund access and bridge traditional finance with blockchain-based liquidity. that this step meets the rising need for "efficient, transparent infrastructure" in the fund distribution sector.

This partnership builds upon Calastone's previous work with Fireblocks, which made it possible to tokenize fund share classes across several blockchains. These advancements demonstrate the growing maturity of blockchain in institutional finance,

already running tokenization trials on Polygon. The pace of integration is expected to increase as more asset managers turn to on-chain solutions to reach digitally native investors.

Bitcoin's recent strength has

, outperforming gold as a store of value during market slumps, according to research from BlackRock. Analysts including Cathie Wood of Invest have revised their Bitcoin price forecasts to $1.2 million by 2030, while Ethereum's potential remains more limited, a price of $25,000 by 2028. Although Ethereum recorded a 637% increase from 2020 to 2025, highlights its continued dominance in the crypto space.

The market's emphasis on minimizing downside risk has also favored Bitcoin. While Ethereum's ecosystem is broader, Bitcoin's history of rebounding from volatility has made it the preferred safe-haven for institutional investors.

of cryptocurrency adoption, with Bitcoin's resilience and Ethereum's innovative capabilities both playing pivotal roles in the industry's future.