Key Highlights:

• Ether has surpassed the $4,000 threshold during trading on Friday morning in the U.S.
• Bitcoin has shown little change, resulting in the ETH/BTC ratio nearing its peak for the year.
• Stocks related to Ether treasury companies have also seen upward movement on Friday.

Ether rockets above $4K

With interest rates expected to decrease in the U.S., there’s a continued influx into cryptocurrency treasury firms, further augmented by the SEC’s decision to drop its case against Ripple. This has led to a surge in altcoins, particularly in the last 24 hours.

Ether, while not the largest gainer, has increased by 3.5% over the past day, reaching above $4,000 for the first time since December. It now boasts a 25% rise year-to-date and an impressive 112% increase year-over-year.

As for Bitcoin, its price remains stable around $116,800. The closely monitored ETH/BTC ratio has climbed 3% within the past hour and sits at a 42% rise over the last month. Despite these fluctuations, Bitcoin performs well over a longer span, with the ETH/BTC ratio down 4% year-to-date and 20% year-over-year.

Ether-related stocks are also experiencing gains: Bitmine Immersion (BMNR) has risen by 13% today, while Sharplink Gaming (SBET) is up by 4%.