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Ethereum outperforms Bitcoin as US inflation cools risk appetite
Ether is up about 7% over the past five trading days, and the ETH/BTC ratio has rebounded roughly 8% to near 0.0297.
Ethereum has led the cryptocurrency market this week, with Ether gaining around 7% over the past five trading days while Bitcoin rose about 2%, according to Action Forex.
The relative strength comes after softer-than-expected US inflation data, tied to the June CPI surprise, boosted appetite for risk assets and helped extend near-term rebounds in both coins.
Action Forex also points to an improvement in relative pricing, saying the ETH/BTC ratio recovered from roughly 0.02737 near June 17 to around 0.0297, an advance of about 8% to 9%.
However, the outlet cautions that the broader cycle view is still mixed, noting both assets remain far below their prior highs, and that crypto now competes with capital flowing into AI-driven equities rather than only easing macro pressure.
Latest closeBitcoin $62,836.57 ▼1.5%|Ethereum $1,832.19 ▼1.7%