【ETH/BTC ratio hits new low, market landscape quietly changes】
According to the latest data, the ETH/BTC ratio has fallen to 0.032, marking a new low since March 2021. The current trading price of Bitcoin has surpassed $97,770, continuously breaking historical records, while Ethereum's performance remains relatively weak.
📈 Reasons for Bitcoin's strength
The approval of a spot Bitcoin ETF boosts market sentiment supporting cryptocurrency's expectation for Trump's re-election brings confidence.
📉 Dual challenges for Ethereum
1️⃣ Competing with Bitcoin for the status of a store of value, its appeal has weakened.
2️⃣ Intensified competition in the smart contract market: Solana attracts more developers and capital inflow with low fees and high performance.
🔎 Additional influencing factors
Since Ethereum's merge in 2022, although the shift to PoS has improved network efficiency, it has long been dragged down by regulatory uncertainty, and market enthusiasm has significantly cooled.
📊 Future focus: Bitcoin may continue to be strong under institutional funding preference, while how Ethereum breaks through its current predicament is worth close attention from investors.
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