Bitcoin Price (BTC) Rises to $68K, Crypto Dominance Hits Cycle High

When examining the ETH/BTC ratio from its cycle bottom in June 2022, a pattern of weaker lows emerges. Unlike previous cycles, where the ratio was at least 200% higher from the cycle low at this juncture, the current ratio lags behind by 25% compared to its June 2022 low. This data underscores ether’s underperformance against bitcoin.

It is essential for investors and traders to closely monitor this ratio as it can provide valuable insights into the relative strength of ether compared to bitcoin. Understanding these dynamics can help inform trading strategies and decision-making in the volatile cryptocurrency market.