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Ether Surges 8%, Outpacing Bitcoin Gains Amid Staking ETF and Tokenization Optimism
Source: CryptoNewsNet Original Title: Ether Surges 8%, Outpacing Bitcoin Gains Amid Staking ETF, Tokenization Optimism Original Link: Ethereum’s ether surged on Tuesday to its strongest price since mid-November, leading crypto markets higher as bitcoin climbed above $94,000.
The second-largest cryptocurrency climbed to just shy of $3,400, rallying 8.4% over the past 24 hours. Those gains significantly outpaced bitcoin’s 4.5% advance and the broad-market benchmark CoinDesk 20 Index’s 6% climb.
The rally also drove the ETH/BTC ratio — a closely-watched gauge of ether’s relative performance to bitcoin — to its strongest level since late October, signaling rotation into ETH from the leading crypto.
Ether’s rally and relative strengths against BTC is being driven by “improving regulatory expectations and renewed optimism around ETF-related inflows” with staking being added to funds on the horizon, according to market analysts.