Ether-Bitcoin Ratio Drops to 15-Month Low as ETFs Fail to Uplift Sentiment

CoinDesk reported:

“ETH’s underperformance is likely due to the ongoing impact of the bear market, which historically has seen traders turn to BTC, the oldest and largest crypto asset. ETH spot trade volume has also stayed mostly flat over the past two months, only spiking above $2bn a handful of times,” Kaiko’s research team said in a weekly note to subscribers on Monday.

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