ETH/BTC Ratio Hits New Lows, Analysts Predict Further Decline
The ETH/BTC ratio has plummeted to its lowest level since April 2021, dipping below 0.04. That’s nearly a 30% drop this year! Why? Bitcoin’s been stealing the spotlight with a 40% return, while Ethereum’s just hanging out with minimal gains. What’s driving this decline? First up, Bitcoin ETFs are raking in the cash – $17 billion in inflows! Meanwhile, Ethereum ETFs are seeing outflows of $580 million. Plus, other blockchains are offering better staking rewards. Analysts are predicting the ratio could drop even further unless there’s a shift in market sentiment or clearer regulations.
