Bitcoin-Ether Ratio Flashes Potential Warning About Crypto Rally
- Some analysts view the metric as a gauge of speculative fervor
- Three-year-high ratio signals ebbing demand for smaller coins
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A ratio comparing the price of Bitcoin, the largest digital asset, with second-ranked Ether hints at a possible waning of risk appetite in crypto.
The ratio scaled 20 this week and reached the highest level since April 2021, reflecting more resilient demand for the oldest cryptocurrency rather than the smaller rival.