ETH rose 5% against BTC in the last month, why?

  • According to Xwin Research, “Ethereum strengthens its role as a financial infrastructure layer.”

  • ETH is benefiting from capital inflow, supply reduction, and ecosystem growth.

The price of ether (ETH), the native cryptocurrency of the Ethereum network, registered an increase of 4.68% against bitcoin (BTC) between March 13 and April 13, 2026.

In that period, the price of ETH rose from 0.0295 BTC to the current 0.03087 BTC, as seen in the graph.

Green and red candlestick chart showing the performance of ether against bitcoin.Green and red candlestick chart showing the performance of ether against bitcoin.
ETH is gaining value relative to BTC. Fountain: TradingView.

This rally coincides with a market outlook where the Ethereum ecosystem—which includes stablecoins, decentralized finance (DeFi), and tokenized assets—“strengthens its role as a financial infrastructure layer,” says the Japanese investment firm XWIN Research.

Such capital rotation is supported by pillars such as greater investment inflow, exemplified by the constant purchases of Bitmine, the publicly traded company with the largest ether treasury. A specific case of this interest is the company’s announcement, made today, April 13, about a new acquisition carried out last week, in which 71,524 ETH were purchased, raising the total holdings of said entity to 4,874,858 ETH.

This phenomenon is directly related to a reduction in supply in the market, since these massive purchases remove large volumes of assets from immediate circulation for long-term custody.

Added to this is the accelerated expansion of its applications; By April 2026, tokenization of real-world assets (RWA)—such as Treasuries and real estate—has exceeded 20,000 millions of dollars on the network, consolidating Ethereum as the preferred settlement center for large financial institutions.

Added to this scenario is a massive reactivation of operational activity. The daily average of transfers on the network (SMA-7) reached the mark of 1.32 million operations last week, as reported by CriptoNoticias. It is a volume that places the network close to its historical maximum of 1.37 million registered on February 12. Achieving these figures reflects a robust network and increased adoption, demonstrating that ether is being actively used and not just as a store of value or speculative asset.

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