Update
Ethereum Falls Against Bitcoin
Ethereum fell about 3.6% on Wednesday, reaching its lowest level against Bitcoin since October 8, dropping to $2,424. US spot Ethereum ETFs took in $24.8 million on Tuesday, reversing a 10-day outflow streak of $782.8 million. Bitmine, the largest corporate holder of Ethereum, is 99% of the way to its 5% supply target and has been buying Ethereum for the past week. The selling followed a hotter-than-expected US inflation report, which increased the odds of a Federal Reserve rate hike this month.