Ethereum's relative value against Bitcoin surpasses 0.03…A sharp 6.7% surge from the previous day
Minseung Kang
Summary
- It is stated that Ethereum's relative value is trading at 0.03035, up 6.7% from the previous day.
- Recently, the ETH/BTC ratio has shown a steady upward trend, rising from the 0.025 level.
- The passage of the GENIUS Act by the United States House of Representatives is seen as creating expectations for a favorable environment for altcoins overall.
The relative value of Ethereum (ETH) compared to Bitcoin (BTC) is surging.
As of 15:17 on the 18th, on Binance, ETH/BTC is trading at 0.03035, up 6.7% from the previous day. This follows a steady rise from the level of 0.025, where it hovered on the 14th.
Meanwhile, the market is paying attention to the fact that the United States House of Representatives passed the 'GENIUS Act', a stablecoin regulatory bill, on this day. The industry is forming expectations that this bill could create a favorable environment for altcoins overall.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
