A closer look at the ETH/BTC ratio from its cycle bottom in June 2022 shows a continuing series of weaker lows. In previous cycles, such as the 2016-2019 and 2019-2022 periods, the ETH/BTC ratio was at least 200% higher from the cycle low at this point. However, the current ratio is 25% beneath its June 2022 cycle low, highlighting ether’s underperformance against bitcoin.
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James Van Straten
https://www.coindesk.com/markets/2024/10/16/bitcoin-tops-68k-with-dominance-over-crypto-market-hitting-new-cycle-high/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
2024-10-16 12:58:23
