ETH/BTC ratio falls to lowest since April 2021
Bitcoin is up 14 per cent since the Federal Reserve cut interest rates by 50 basis points in September, while ethereum is up just 12 per cent. weaker institutional demand for ethereum has caused the ETH/BTC ratio to fall to its lowest point since April 2021, Kaiko Research noted. Bitcoin benefited from exchange-traded fund (ETF) inflows, while Ether underperformed other mainstream cryptocurrencies. Moreover, analysts believe that Ether will struggle to sustainably outperform Bitcoin until there is a significant shift in institutional demand.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Is Backed by Nothing? Peter Schiff Revives Old War
Dark Defender: The Upcoming Week Is Expected to Be Surprising. Here’s why
Panoro Minerals reports high-grade copper-gold drill hits at Cotabambas project in Peru
A New Altcoin Has Joined the Top 10 Cryptocurrencies—Today’s Rally Triggered a Wave of Liquidations
Crypto prices
More
