Ether Soars Above $4K for First Time Since December
At the same time, bitcoin is seeing flattish price action, pushing the ETH/BTC ratio to nearly its highest level of the year.
- Ether has risen above $4,000 in U.S. Friday morning action.
- Bitcoin has remained flat, pushing the ETH/BTC ratio to nearly its highest level of the year.
- Ether treasury company stocks are on the move higher as well on Friday.
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 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 is essentially flat over the last day at $116,800. Taken together with the ether move, the closely-watched ETH/BTC ratio has risen 3% in the past hour and is now up 42% over the last month. Bitcoin, however, is doing just fine over longer period, with the ETH/BTC ratio down 4% year-to-date and 20% year-over-year.
A check of some other alts finds XRP (XRP) higher by 9% over the past 24 hours, SOL (SOL) 3.5% and dogecoin 5.3%.
Ether treasury company stocks are moving as well: Bitmine Immersion (BMNR) is higher by 13% on Friday and Sharplink Gaming (SBET) 4%.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
