ETH dominance on shaky grounds as BTC prepares for potential upturn

Fast Take

The ETH/BTC ratio, a vital indicator within the crypto market, precariously teeters at 0.060, signaling a possible paradigm shift out there’s dynamics.

With the BTC/ETH dominance ratio standing at -0.04, the market is evidently nonetheless in an ETH-dominant section, albeit quickly declining. The information implies a cyclical sample the place ETH usually manifests an amplified dominance throughout bullish market situations, corroborating its larger beta attribute.

Nonetheless, historic knowledge reveals a contrasting development throughout bear markets, as evidenced in 2016 and 2019. Bitcoin ascended to a dominant place throughout these durations, surpassing the inexperienced line indicator.

The put up ETH dominance on shaky grounds as BTC prepares for potential upturn appeared first on CryptoSlate.

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