10x Research: The ETH/BTC ratio has fallen 37% since the Ethereum merger upgrade
According to a report published by 10x Research analysts on the X platform, since the Ethereum merger upgrade on September 15, 2022, the Ethereum/Bitcoin ratio has fallen by 37%. As this week's U.S. CPI data release approaches, this ratio seems to rebound. Analysts suspect that this is due to short covering. They pointed out that the value of Ethereum is mainly affected by inflation and other macroeconomic factors rather than network upgrades like mergers and Dencun.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Santander Bank: Japan GPIF does not need to adjust asset allocation policy, $62 billion may face sell-off
Analysts at Spain's Santander Bank stated that Japan’s Government Pension Investment Fund (GPIF) could potentially sell up to $62 billion worth of U.S. Treasury bonds without needing to formally adjust its asset allocation policy.
Ocugen CEO Shankar Musunuri sells common shares worth $589,430.24
Computer Modelling Group held annual shareholder meeting
Targa Exploration closes C$3.19 million private placement of flow-through and hard-dollar units
Crypto prices
More
