🚀 Gate Square Creator Certification Incentive Program Is Live!
Join Gate Square and share over $10,000 in monthly creator rewards!
Whether you’re an active Gate Square creator or an established voice on another platform, consistent quality content can earn you token rewards, exclusive Gate merch, and massive traffic exposure!
✅ Eligibility:
You can apply if you meet any of the following:
1️⃣ Verified creator on another platform
2️⃣ At least 1,000 followers on a single platform (no combined total)
3️⃣ Gate Square certified creator meeting follower and engagement criteria
Click to apply now 👉
BTC/ETH Parity and Ethereum's Weakness
BTC/ETH parity is an important metric that shows Bitcoin's value against Ethereum. In recent months, this parity has been in favor of Bitcoin; that is, Ethereum has performed weaker compared to Bitcoin.
So why?
* The Impact of Spot Bitcoin ETFs: Spot Bitcoin ETFs, approved in January, attracted a large portion of institutional capital directly to Bitcoin. This increased Bitcoin's market dominance, while putting pressure on altcoins and therefore Ethereum. There was also an expectation of a spot ETF for Ethereum, but these approvals came later.
* Decrease in Network Activity and Competition: Some on-chain activity data on the Ethereum network has decreased. In addition, the rise of other layer 1 blockchains and layer 2 solutions such as Solana has partially dispersed the interest in Ethereum and increased competition by offering lower fees and better scalability.
* Institutional Accumulation Differences: Bitcoin's "digital gold" narrative and institutional investors' increasing concentration in Bitcoin have relatively reduced ETH's appeal in this process.
In summary, Bitcoin's strong support from ETFs, competition from other networks, and Ethereum's own dynamics have caused the BTC/ETH parity to trend in favor of Bitcoin in recent months.
Time will tell whether this situation will change with the approval of spot Ethereum ETFs.