After a fake message in the SEC account, Ethereum rose in pairs with Bitcoin

On Wednesday, Ethereum (ETH) rose 8.6% against the US dollar, while Bitcoin (BTC) fell 1.8% over the same 24-hour period.

The day before, January 9, 2024, ETH reached a low of 0.04806 BTC per coin. On Wednesday evening, the ETH rate was 0.05293, which means an increase of 10.13% in pairs with Bitcoin from the minimum.

ETH/BTC chart on Binanc at 9:45 am ET on January 10, 2024

Over the past year, the ETH price has struggled to match the rising BTC, and despite recent gains, ETH is down over 17% in the past month. Annual statistics show that the price of ETH relative to the price of Bitcoin has decreased by 31%.

According to coingecko.com, BTC's market dominance is currently 50.1%, while ETH's is 16.4%. Coinmarketcap.com reports BTC dominance at 52.9% and ETH share at 16.6%.

ETH's market capitalization is currently only 32.46% of Bitcoin's, with BTC also leading the world in terms of global trading volume over the past 24 hours.

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