Ethereum

8. Dez.

Ethereum (ETH) trades above $4,000 for the first since March on Friday after seeing record ETF inflows and higher preference from investors over Bitcoin.Since the US elections, Ethereum has outshined Bitcoin, with its growth accelerating after SEC Chair Gary Gensler announced he would retire on January 20, Bybit noted in a December 5 "Volatility Review" report. The report noted that traders are beginning to reallocate their preferences to ETH, as revealed by the notable ETH/BTC ratio shiftThe ratio has sprung from a low of 0.31 on November 19 to over 0.4 on Friday. The outperformance of ETH against Bitcoin has also seen a drop in Bitcoin dominance, leading to speculations of the beginning of an altcoin season