Crypto News – The price of Ethereum, the second-largest cryptocurrency, has increased by more than 5.03% in the last day.
Bitcoin vs Ethereum Price: ETH Leads the Race with a 5% Increase
Based on data from CoinGecko, ETH is presently trading at $3,280 on major spot markets. Right now, the dominance of Bitcoin is a little over 50%. After hitting 0.052 BTC earlier today, the ETH/BTC pair is currently trading at 0.051 BTC. Now, the pair has increased by around 13% just in the last two weeks. The pair has yet to lose 15% of its 2024 peak, which was reached on January 12 at 0.061 BTC.
Despite the fact that Consensys, a major supporter of the second-largest cryptocurrency network, recently sued the SEC after receiving a Wells notice from the regulator, Ethereum’s price recovered. The firm claims that by designating an altcoin as a security, the SEC seeks to increase the scope of its authority.
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