The ETH/BTC trading ratio climbed to approximately 0.03 on July 27, marking its highest level in three months. Over the past month, ETH has gained roughly 24% compared to Bitcoin’s 8%. Bitmine Immersion Technologies, the largest Ethereum treasury company, added 9,946 ETH to its holdings, a purchase valued at roughly $19.4 million, bringing its total stash to 5.79 million ETH, roughly 4.8% of the entire circulating supply. Bitcoin dominance currently sits at about 59%, and the ETH/BTC ratio at 0.03 is still below January’s 0.038 level, representing roughly 27% of upside to reclaim that previous high.
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