Bitget Research Institute: ETH/BTC Exchange Rate Pair Hits Near 3-Year Low, ETH May Bottom Out

Bitget Research Institute released a research report saying that yesterday, the world's most watched tech giant NVIDIA announced its earnings report, and although the data was up, the guidance was less than expected to the point where NVIDIA fell to 8% after trading on behalf of the company. The crypto side of the market is overall more stable, after yesterday's decline basically maintained a low oscillation trend.

In terms of ETFs, the Bitcoin ETF saw a net outflow of $105 million yesterday, maintaining a net outflow for the second consecutive day, while the Ether ETF saw a net inflow of $5.9 million yesterday, ending the net outflow for the ninth consecutive day.The ETH/BTC exchange rate pair has reached a low of nearly three years, and the market is generally of the opinion that this point is suitable for bottoming in ETH, and the future is likely to see the speed of the rebound of ETH exceeding that of BTC.

In terms of crypto ecosystem, the leading Telegram ecosystem project DOGS has performed brilliantly since its launch, up 21.5% in the last 24 hours, with a network-wide trading volume of $2.38 billion. This has a more positive impact on the subsequent coin issuance of the TG Bot project, which may have a sustained wealth creation effect in the ecosystem.