Ether (ETH) led the market rally last week when commentators at Bitwise called it a “watershed moment” for cryptocurrencies. The ETH/BTC ratio rose 27%, reducing Bitcoin dominance by 6% and as a harbinger of a larger rotation into altcoins. In a weekly market report, Bitwise experts Ayush Tripathi and André Dragosch explained Ether’s rally supports their long-held assumption that the price gap between Ethereum and Bitcoin is narrowing. ETH was supported by favorable macroeconomic fundamentals, headed by the recent approval of two landmark U.S. crypto bills, the Genius Act and the Clarity Act, signed into law last week. These new regulations introduce much-needed clarity to crypto regulation and pave the way for greater institutional participation.

Ether (ETH) led the market rally last week when commentators at Bitwise called it a “watershed moment” for cryptocurrencies. The ETH/BTC ratio rose 27%, reducing Bitcoin dominance by 6% and as a harbinger of a larger rotation into altcoins. In a weekly market report, Bitwise experts Ayush Tripathi and André Dragosch explained Ether’s rally supports their long-held assumption that the price gap between Ethereum and Bitcoin is narrowing. ETH was supported by favorable macroeconomic fundamentals, headed by the recent approval of two landmark U.S. crypto bills, the Genius Act and the Clarity Act, signed into law last week. These new regulations introduce much-needed clarity to crypto regulation and pave the way for greater institutional participation.