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Strategy has turned profitable and may be included in the S&P 500 in September. The acting chairman of the CFTC stated that Bitcoin is moving towards "Uberization."
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Analyst: ETH/BTC ratio stagnation causes altcoin season delay
PANews, June 19 news, according to Beincrypto, since mid-May, the ETH/BTC ratio has been fluctuating within a narrow range, reflecting a weakening interest from investors in ETH and a general delay in the start of the alts season. Analyst @CryptoFellaTx recently emphasized that the ETH/BTC chart is a key indicator for determining whether alts can recover. Currently, this ratio hovers around 0.024, which served as a cycle bottom in 2019 and 2020, followed by a strong rebound in ETH. However, the analyst stressed that for alts to experience a significant flippening, Ethereum needs to show clear strong signals.