The ETH/BTC ratio has fallen to its lowest level since April 2021
2024-10-21 22:28:47
Since Midland savings interest rate cut 50 basis points since bitcoin pricedesk3cryptocurrencydesktopCrypto News
Since the Federal Reserve cut interest rates by 50 basis points last month, bitcoin price has risen by 14%, outpacing Ethereum's 12% gain. According to Kaiko Research report, institutional demand for Ethereum remains sluggish, with the ETH/BTC ratio falling to its lowest point since April 2021. The analysis pointed out that bitcoin's first-mover advantage has attracted more institutional investors, especially CME Bitcoin futures trading volume record.
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