Ether Soars Above $4K for First Time Since December
Main Idea
Ether (ETH) has surged above $4,000 for the first time since December, while Bitcoin (BTC) remains flat, pushing the ETH/BTC ratio to nearly its highest level of the year.
Key Points
1. Ether (ETH) rose above $4,000, marking a 3.5% increase over the past 24 hours and a 112% year-over-year gain.
2. Bitcoin (BTC) remained flat at $116,800, with the ETH/BTC ratio reaching nearly its highest level of the year.
3. Other altcoins like XRP and SOL also saw gains, with XRP up 9% and SOL up 3.5% over the past 24 hours.
4. Ether treasury company stocks, such as Bitmine Immersion (BMNR) and Sharplink Gaming (SBET), showed notable increases of 13% and 4%, respectively.
Description
With interest rates set to be lowered in the U.S., a continuing surge of crypto treasury companies and the deal sealed on the SEC dropping its case against Ripple, money is pouring into altcoins over the past 24 hours. Not the largest gainer, ether (ETH) has jumped 3.5% over the past 24 hours and pushed above $4,000 for the first time since December. The globe's second-largest crypto is now higher by 25% year-to-date and 112% year-over-year. As for the world's leading crypto, bitcoin (BTC) is es...
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