A recent report by CME Group highlights the impact of tech stocks, the US dollar, and Bitcoin supply on the movement of Ethereum. The report suggests that Ethereum benefits more than Bitcoin when technology stock prices increase, resulting in a rise in the ETH/BTC exchange rate. However, a stronger US dollar has a negative impact on Ethereum compared to Bitcoin. The report attributes these differences in response to macroeconomic factors to the economics of Ethereum's unlimited supply and Bitcoin's capped supply.
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Tech Stock Price Jumps Boost Ethereum (ETH) More Than Bitcoin (BTC), According to New CME Group Report
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Are we finally ready for a gas limit increase?
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