# Blockchain Market Dynamics đ
Since the Federal Reserve cut interest rates by 50 basis points last month, the price of Bitcoin has risen by 14%, briefly breaking through $69,500 on Monday morning! This is mainly due to strong inflows into spot ETFs and an improvement in market risk sentiment.
In contrast, Ethereum has underperformed, rising only about 12% since the interest rate cut on September 18. According to a report from Kaiko Research, the ETH/BTC exchange rate has fallen to its lowest level since April 2021, dropping below 0.04 in October.
Analysts point out that Bitcoin dominates among institutional investors, with CME Bitcoin futures open interest reaching an all-time high, while Ethereum futures remain relatively low.
Do you think Ethereum can catch up? Feel free to discuss in the comments!
