Ethereum Outperforms Bitcoin; ETH/BTC Drops 55% to New YTD Low, Lowest Since April 2021

Ethereum has recently outperformed Bitcoin over the past two weeks, despite sluggish inflows into exchange-traded funds (ETFs). However, the ETH/BTC trading pair has reached its lowest level since April 2021, dropping 55% from its peak.
As of October 23, 2024, the ETH/BTC ratio hit a new year-to-date low, marking a significant decline not seen in 1,280 days. Analysts noted that the ETH/BTC continues to slide lower, with the possibility of further declines.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
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