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Crypto
Ethereum down more than 35 percent against bitcoin over one year as bearish signals mount
Ethereum has fallen more than 35 percent against bitcoin over the past year, with the ETH/BTC ratio showing a pattern similar to periods that preceded sharp declines. Cointelegraph said the pair remains below a long-term downtrend line that has capped rebounds since 2022. CryptoQuant data show Binance’s ether holdings have risen to 3.62 million ETH, a larger share of exchange balances. Analysts are watching whether support near 0.034 BTC can be regained.
Crypto
Ethereum weak despite record staking share; warning of 10 percent drop versus bitcoin
Ethereum is showing signs of further short-term weakness against bitcoin despite reaching a record staking share. The ETH/BTC ratio has entered a zone where it could fall about 10 percent to around 0.026 BTC by May, according to Cointelegraph. On-chain data show staking hit an all-time high of 32.33 percent, with 39 million ETH staked across about 816,578 validators, worth about $90.26 billion.
Crypto
Ethereum’s \'ultrasound money\' dream fades after PoS shift lags bitcoin
Ethereum has fallen about 65 percent against bitcoin since its 2022 switch to proof of stake, Cointelegraph reported. The decline has fuelled doubts about the community’s “ultrasound money” thesis that supply reductions would make it scarcer than bitcoin. Data from Ultrasound.Money shows annual supply growth turned positive after 2022 as lower network fees reduced token burns and activity shifted to layer2 networks. Investors also favoured bitcoin in spot ETFs, with $91.9 billion versus $12.1 billion in assets under management.