Trending News: Bitcoin surges to $97k as market leverage hits historic $63 billionAgant’s GBPA aims to transform UK’s digital finance landscape with regulatory-first approachDCG launches Yuma to fuel decentralized AI innovation with BittensorSEC disburses $4.6 million to BitClave ICO investors amid unresolved fund discrepanciesSEC delays decision on Franklin Templeton’s crypto Index ETF to 2025Indian central bank in ‘no hurry’ to rollout CBDC nationwideSouth Korea bans ETFs tracking crypto-related companiesTrump team contemplating creation of new White House crypto roleJapan to ease crypto taxation under new stimulus packageBIS report on DeFi activity reveals institutional traders heavily outmaneuver retail on UniswapFTX co-founder Gary Wang sentenced to ‘time served’ as FTX criminal cases endMicroStrategy eyes $2.6 billion raise for Bitcoin acquisition as it breaks into top 100 US firmsEthereum falls to 4-year low against Bitcoin as BTC breaks above $94kBitcoin ETFs record $1 billion inflow in 2 days as new price peak boosts investmentsKraken’s founder Jesse Powell backs Brian Brooks for SEC ChairMicroStrategy’s Michael Saylor to pitch Bitcoin strategy to Microsoft’s boardAI-DePIN: Why Institutions Are Betting Big and Expecting Large ReturnsExchange stablecoin ratio hits record low, fueling Bitcoin surgeCoinbase to delist WBTC, halt trading on Dec. 19Trump taps crypto advocate Howard Lutnick as commerce secretaryBitcoin registers new all-time high inches away from $94,000Stablecoin market hits 2-year high of $183B amid Trump victory fueled optimismGrayscale unveils updated covered call ETFs for Bitcoin and EthereumIBIT options trading volume surges to $446M in opening hours, $1.6B by mid-dayBlackRock supports US strategic Bitcoin reserve amid rumors of executive orderTRON DAO Unveils HackaTRON Season 7 Qualifiers and Winners, Backed by Google Cloud as Diamond SponsorUS court rules DAOs can face legal liability under partnership lawPolymarket survives post-election drop-off though volume falls 60%Bitwise expects options trading for its Bitcoin ETF to start tomorrowSoftwar author Jason Lowery applies for White House role advising on Bitcoin national securityMarathon Digital upsizes debt offering to $1 billion for Bitcoin expansionBinance launches yield-bearing stablecoin BFUSD with roughly 20% APYBitcoin surpasses Silver’s market cap, establishing itself as mainstream financial assetBitcoin poised for growth amid Trump policies and economic optimism – Fundstrat’s Tom LeeTrump Media Group in talks to acquire crypto trading platform Bakkt – FTSpot Bitcoin ETF options set to debut this week following OCC approval, analysts predictGoldman Sachs sets sights on standalone blockchain entity for digital assets expansionTether invests in Dutch firm to launch MiCA-compliant stablecoinsXRP breaks $1, hits 3 year high as open interest goes above $2 billionMicroStrategy buys nearly 80,000 BTC in November, outpacing US Bitcoin ETF purchasesBitdeer reports $50 million loss due to Bitcoin halving, increased R&D costsMetaplanet seeks $11M for Bitcoin buys, incentivizes shareholders with benefit programJoin Blockchain Pioneer Sasha Ivanov At Money Monday Dubai’s 3rd EditionCrypto for Compassion: $MAYO Token Unites Community to Save Paralyzed CatCrypto enforcement to take a back seat under Trump as immigration becomes prioritySEC chair Gary Gensler’s behavior cannot be chalked off as ‘good faith mistakes,’ says Tyler WinklevossSolarSX: World’s First Solar-Powered RWA-Based Crypto Mining PlatformLong-term holders are locking in profit after Bitcoin’s rally to new ATHsBitcoin futures break records with 29% OI surge in NovemberMemecoin returns were 6x higher than crypto market average over past 30 daysWintermute secures approval to overhaul Ethena’s revenue sharing modelAltcoins offer opportunities for gains amid challenging trading landscape — K33Rising Bitcoin tides lift small-cap companies to bold reserve strategiesDogecoin investors withdraw case against Elon Musk as $259B lawsuit falls flatNew York prosecutors to scale back crypto enforcement amid leadership transitionHong Kong watchdog issues warning about foreign entities pretending to be crypto ‘banks’Gary Gensler claims SEC helped crypto, takes credit for Bitcoin ETFs, dismisses altcoins and hints at resignationSouth Korea investigates Upbit’s KYC violations amid market dominance concerns206 SEC registered funds hold Bitcoin ETFs including Canadian banks and Goldmach SachsTrump could put billions into US Bitcoin reserve without Congress approvalHere is why Bitwise wants to convert its $1.3 billion crypto index fund to an ETFBitcoin ETF holders take profits as 6-day win streak broken with $400 million outflow, BlackRock retains inflowBitcoin miners transferred over $4 billion in Bitcoin to exchanges as price hit $90,000US Bitcoin ETFs now hold 1 million Bitcoin worth $96 billionTether launches tokenization platform called Hadron for institutions, governmentsDivergence between Bitcoin’s market and realized caps signals euphoriaVanEck exec predicts institutional tsunami may drive Bitcoin to $180K within a yearSolana’s daily fees and revenue hit ATH amid heightened engagementSEC facing joint lawsuit from 18 US states over ‘unconstitutional persecution’ of cryptoCrypto Dad Giancarlo dismisses SEC chair rumors, critiques Gensler’s legacySociete Generale expands its stablecoin to Ripple’s XRP Ledger to drive further adoptionTrump nominates pro-Bitcoin lawmaker Matt Gaetz to serve as US attorney generalPennsylvania introduces bill to use $7 billion state fund for Bitcoin Strategic Reserve purchasesICP identity protocol DecideID to launch on Solana eliminating any KYC need for DeFiNo capital tax on US crypto, Bitcoin reserve asset, nation state adoption – the biggest Trump rumorsDelhi police arrest key suspect in $235 million WazirX crypto breachPolymarket CEO Shayne Coplan claims FBI raid was politically motivatedDigital Chamber urges US government to allow small crypto holdings for employeesBitcoin spot buying outpacing futures despite leverage hitting ATHHashkey CEO says Trump administration could influence China to accept BitcoinRobinhood adds support for SOL, ADA, XRP, and PEPE for US investorsFBI seizes Polymarket CEO’s devices to allegedly probe potential market manipulation in elections betsBlackRock strengthens tokenization push with BUIDL’s multi-chain expansionBitwise CIO believes investors are ‘still early’ until Bitcoin reaches $500kBitwise acquires Ethereum staking service Attestant, boosting AUM to $10 billionBlackRock’s Bitcoin ETF climbs to top 1% in record-breaking 211 daysBitcoin rally has pushed Cardano Foundation BTC holdings to over $100 millionVanEck introduces SUI ETN to European investors as token hits all-time highDOJ targets $16 million in Binance account tied to Sam Bankman-Fried bribery caseRexas Finance Shines as Gold Partner at WOW Summit 2024 in BangkokUS Treasury bond ETFs lose half their value against surging BitcoinBitcoin’s correlation with gold hits lowest level in a year post Donald Trump victoryThe 7 Best Staking Platforms for Steady Passive Income in 2024Linea Association unveils plan for decentralized governance with LINEA tokenDonald Trump taps Elon Musk, Vivek Ramaswamy for new Department of Government Efficiency (DOGE) initiativeBinance sees $7 billion inflow after US elections amid crypto rallyEthereum ETFs surge after US election, approaching positive net flowsArthur Hayes forecasts Bitcoin boom as US embraces state-led capitalismFed Governor Waller questions CBDC utility for paymentsCanary Capital files application for a spot HBAR ETF
Thu. Nov 21st, 2024
Trending News: Bitcoin surges to $97k as market leverage hits historic $63 billionAgant’s GBPA aims to transform UK’s digital finance landscape with regulatory-first approachDCG launches Yuma to fuel decentralized AI innovation with BittensorSEC disburses $4.6 million to BitClave ICO investors amid unresolved fund discrepanciesSEC delays decision on Franklin Templeton’s crypto Index ETF to 2025Indian central bank in ‘no hurry’ to rollout CBDC nationwideSouth Korea bans ETFs tracking crypto-related companiesTrump team contemplating creation of new White House crypto roleJapan to ease crypto taxation under new stimulus packageBIS report on DeFi activity reveals institutional traders heavily outmaneuver retail on UniswapFTX co-founder Gary Wang sentenced to ‘time served’ as FTX criminal cases endMicroStrategy eyes $2.6 billion raise for Bitcoin acquisition as it breaks into top 100 US firmsEthereum falls to 4-year low against Bitcoin as BTC breaks above $94kBitcoin ETFs record $1 billion inflow in 2 days as new price peak boosts investmentsKraken’s founder Jesse Powell backs Brian Brooks for SEC ChairMicroStrategy’s Michael Saylor to pitch Bitcoin strategy to Microsoft’s boardAI-DePIN: Why Institutions Are Betting Big and Expecting Large ReturnsExchange stablecoin ratio hits record low, fueling Bitcoin surgeCoinbase to delist WBTC, halt trading on Dec. 19Trump taps crypto advocate Howard Lutnick as commerce secretaryBitcoin registers new all-time high inches away from $94,000Stablecoin market hits 2-year high of $183B amid Trump victory fueled optimismGrayscale unveils updated covered call ETFs for Bitcoin and EthereumIBIT options trading volume surges to $446M in opening hours, $1.6B by mid-dayBlackRock supports US strategic Bitcoin reserve amid rumors of executive orderTRON DAO Unveils HackaTRON Season 7 Qualifiers and Winners, Backed by Google Cloud as Diamond SponsorUS court rules DAOs can face legal liability under partnership lawPolymarket survives post-election drop-off though volume falls 60%Bitwise expects options trading for its Bitcoin ETF to start tomorrowSoftwar author Jason Lowery applies for White House role advising on Bitcoin national securityMarathon Digital upsizes debt offering to $1 billion for Bitcoin expansionBinance launches yield-bearing stablecoin BFUSD with roughly 20% APYBitcoin surpasses Silver’s market cap, establishing itself as mainstream financial assetBitcoin poised for growth amid Trump policies and economic optimism – Fundstrat’s Tom LeeTrump Media Group in talks to acquire crypto trading platform Bakkt – FTSpot Bitcoin ETF options set to debut this week following OCC approval, analysts predictGoldman Sachs sets sights on standalone blockchain entity for digital assets expansionTether invests in Dutch firm to launch MiCA-compliant stablecoinsXRP breaks $1, hits 3 year high as open interest goes above $2 billionMicroStrategy buys nearly 80,000 BTC in November, outpacing US Bitcoin ETF purchasesBitdeer reports $50 million loss due to Bitcoin halving, increased R&D costsMetaplanet seeks $11M for Bitcoin buys, incentivizes shareholders with benefit programJoin Blockchain Pioneer Sasha Ivanov At Money Monday Dubai’s 3rd EditionCrypto for Compassion: $MAYO Token Unites Community to Save Paralyzed CatCrypto enforcement to take a back seat under Trump as immigration becomes prioritySEC chair Gary Gensler’s behavior cannot be chalked off as ‘good faith mistakes,’ says Tyler WinklevossSolarSX: World’s First Solar-Powered RWA-Based Crypto Mining PlatformLong-term holders are locking in profit after Bitcoin’s rally to new ATHsBitcoin futures break records with 29% OI surge in NovemberMemecoin returns were 6x higher than crypto market average over past 30 daysWintermute secures approval to overhaul Ethena’s revenue sharing modelAltcoins offer opportunities for gains amid challenging trading landscape — K33Rising Bitcoin tides lift small-cap companies to bold reserve strategiesDogecoin investors withdraw case against Elon Musk as $259B lawsuit falls flatNew York prosecutors to scale back crypto enforcement amid leadership transitionHong Kong watchdog issues warning about foreign entities pretending to be crypto ‘banks’Gary Gensler claims SEC helped crypto, takes credit for Bitcoin ETFs, dismisses altcoins and hints at resignationSouth Korea investigates Upbit’s KYC violations amid market dominance concerns206 SEC registered funds hold Bitcoin ETFs including Canadian banks and Goldmach SachsTrump could put billions into US Bitcoin reserve without Congress approvalHere is why Bitwise wants to convert its $1.3 billion crypto index fund to an ETFBitcoin ETF holders take profits as 6-day win streak broken with $400 million outflow, BlackRock retains inflowBitcoin miners transferred over $4 billion in Bitcoin to exchanges as price hit $90,000US Bitcoin ETFs now hold 1 million Bitcoin worth $96 billionTether launches tokenization platform called Hadron for institutions, governmentsDivergence between Bitcoin’s market and realized caps signals euphoriaVanEck exec predicts institutional tsunami may drive Bitcoin to $180K within a yearSolana’s daily fees and revenue hit ATH amid heightened engagementSEC facing joint lawsuit from 18 US states over ‘unconstitutional persecution’ of cryptoCrypto Dad Giancarlo dismisses SEC chair rumors, critiques Gensler’s legacySociete Generale expands its stablecoin to Ripple’s XRP Ledger to drive further adoptionTrump nominates pro-Bitcoin lawmaker Matt Gaetz to serve as US attorney generalPennsylvania introduces bill to use $7 billion state fund for Bitcoin Strategic Reserve purchasesICP identity protocol DecideID to launch on Solana eliminating any KYC need for DeFiNo capital tax on US crypto, Bitcoin reserve asset, nation state adoption – the biggest Trump rumorsDelhi police arrest key suspect in $235 million WazirX crypto breachPolymarket CEO Shayne Coplan claims FBI raid was politically motivatedDigital Chamber urges US government to allow small crypto holdings for employeesBitcoin spot buying outpacing futures despite leverage hitting ATHHashkey CEO says Trump administration could influence China to accept BitcoinRobinhood adds support for SOL, ADA, XRP, and PEPE for US investorsFBI seizes Polymarket CEO’s devices to allegedly probe potential market manipulation in elections betsBlackRock strengthens tokenization push with BUIDL’s multi-chain expansionBitwise CIO believes investors are ‘still early’ until Bitcoin reaches $500kBitwise acquires Ethereum staking service Attestant, boosting AUM to $10 billionBlackRock’s Bitcoin ETF climbs to top 1% in record-breaking 211 daysBitcoin rally has pushed Cardano Foundation BTC holdings to over $100 millionVanEck introduces SUI ETN to European investors as token hits all-time highDOJ targets $16 million in Binance account tied to Sam Bankman-Fried bribery caseRexas Finance Shines as Gold Partner at WOW Summit 2024 in BangkokUS Treasury bond ETFs lose half their value against surging BitcoinBitcoin’s correlation with gold hits lowest level in a year post Donald Trump victoryThe 7 Best Staking Platforms for Steady Passive Income in 2024Linea Association unveils plan for decentralized governance with LINEA tokenDonald Trump taps Elon Musk, Vivek Ramaswamy for new Department of Government Efficiency (DOGE) initiativeBinance sees $7 billion inflow after US elections amid crypto rallyEthereum ETFs surge after US election, approaching positive net flowsArthur Hayes forecasts Bitcoin boom as US embraces state-led capitalismFed Governor Waller questions CBDC utility for paymentsCanary Capital files application for a spot HBAR ETF
Thu. Nov 21st, 2024

Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k

Ethereum’s value against Bitcoin has reached a four-year low as Bitcoin’s price surpasses $94,000. The ETH/BTC trading pair fell to 0.03302 BTC, marking a significant decline from mid-2023 levels above 0.070 BTC.

ETHBTC (Source: TradingView)

Bitcoin’s recent surge, hitting a new all-time high of $94,300 on Nov. 20, contrasts with Ethereum’s downward trend against Bitcoin. Since mid-2023, Ethereum has consistently lost ground, characterized by lower highs and lower lows on daily charts.

The decline represents a 51.06% drop since May 2023, spotlighting Ethereum’s relative underperformance.

ETHBTC (Source: TradingView)

 

The post Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k appeared first on CryptoSlate.

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