The ether-bitcoin ratio has reached a 2-month low as bitcoin rallied amid rising market optimism over the prospects of a spot bitcoin ETF. Ether's value against bitcoin, which has been trending downwards, hit 0.0615. LedesmaLyllah reports
The ether-bitcoin ratio has reached a two-month low as bitcoin rallied amid rising market optimism over the prospects of a spot bitcoin exchange-traded-fund .
The weakening relationship reflects bitcoin’s more robust price gains over the past month. Bitcoin has risen 10% over the period compared to ether’s 1% increase. “With regulatory uncertainty around labeling certain digital assets as securities, bitcoin is the only digital asset to remain – in the lens of regulatory agencies – sufficiently decentralized and certainly not a security,” said Georgiades.
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