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.

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 (ETH) 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 

BTC$116,213.32 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$3.2202 higher by 9% over the past 24 hours, SOL (SOL) 3.5% and dogecoin 

DOGE$0.2212 5.3%.

Ether treasury company stocks are moving as well: Bitmine Immersion (BMNR) is higher by 13% on Friday and Sharplink Gaming (SBET) 4%

By: Stephen Alpher

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