Bitcoin to Ethereum Dominance Ratio Reaches 40-Month High

The Bitcoin to Ethereum dominance ratio has reached its highest level in 40 months, according to CryptoQuant experts.

Analysts noted that the first cryptocurrency's dominance is 78.5%, while Ethereum's is 19.7%. According to them, this indicates that demand for Bitcoin among investors is growing, while Ethereum's attractiveness is not increasing.

CryptoQuant also explained that digital gold's dominance began to increase in late 2022 amid rumors of spot Bitcoin ETFs.