Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Bitmine Ethereum Accumulation
    CryptoEthereumMarketNews

    Massive Ethereum Accumulation: BitMine Discloses 3.3M ETH Holdings

    This article was first published on Deythere. BitMine Immersion Technologies has just…

    By
    Jane Omada Apeh
    October 21, 2025
    image 347
    CryptoNewsSponsored Article
    From Litecoin to Hedera, the Spotlight Now Shifts to MoonBull – The Top Crypto Presale in 2025
    October 21, 2025
    Altcoin Market Cap Stalls at $1.48 Trillion as Bitcoin ETFs Drain Liquidity
    CryptoMarketNews
    Altcoin Market Cap Stalls at $1.48 Trillion as Bitcoin ETFs Drain Liquidity
    October 21, 2025
    image 341
    CryptoMarketNewsSponsored Article
    As the Fed’s Big Decision Looms, DOGE Surges, PENGU Dips, and BullZilla’s $940K Leads the Top New Meme Coins to Buy in October 2025
    October 21, 2025
    Major Update: Trump Adviser Kevin Hassett Predicts Swift End to U.S. Government Shutdown
    MarketCryptoNews
    Major Update: Trump Adviser Predicts Swift End to U.S. Government Shutdown
    October 21, 2025
  • Cryptocurrency
    Bitmine Ethereum Accumulation
    Massive Ethereum Accumulation: BitMine Discloses 3.3M ETH Holdings
    6 Min Read
    image 347
    From Litecoin to Hedera, the Spotlight Now Shifts to MoonBull – The Top Crypto Presale in 2025
    7 Min Read
    Altcoin Market Cap Stalls at $1.48 Trillion as Bitcoin ETFs Drain Liquidity
    Altcoin Market Cap Stalls at $1.48 Trillion as Bitcoin ETFs Drain Liquidity
    9 Min Read
    image 341
    As the Fed’s Big Decision Looms, DOGE Surges, PENGU Dips, and BullZilla’s $940K Leads the Top New Meme Coins to Buy in October 2025
    8 Min Read
    Major Update: Trump Adviser Kevin Hassett Predicts Swift End to U.S. Government Shutdown
    Major Update: Trump Adviser Predicts Swift End to U.S. Government Shutdown
    7 Min Read
    Bitcoin ETP UK: BlackRock Lists in London
    UK Regulators Approve BlackRock’s Bitcoin ETP: A New Era for Crypto Finance
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: What’s Keeping Ethereum Down Since September Rate Cut? Kaiko Research Has the Answer
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > What’s Keeping Ethereum Down Since September Rate Cut? Kaiko Research Has the Answer
News

What’s Keeping Ethereum Down Since September Rate Cut? Kaiko Research Has the Answer

What’s Keeping Ethereum Down Since September Rate Cut? Kaiko Research Has the Answer
What’s Keeping Ethereum Down Since September Rate Cut? Kaiko Research Has the Answer
Michelle Stephenson
Last updated: October 22, 2024 1:29 pm
By
Michelle Stephenson
Published October 22, 2024
10 Min Read
Share

All is not right for Ethereum (ETH), the second biggest cryptocurrency by market capitalisation since the rate cut by the Federal Reserve in September 2024. While Bitcoin (BTC) reversed its course since then, moving north following the much-hyped rate decision, Ethereum found it hard to match its moves. 

Contents
  • Ethereum Price vs Bitcoin Price Since September 5, 2024
  • Why Ethereum Missed the September Rate Cut Catalyst?
  • Kaiko Research Knows What Ethereum Needs
    • 1. Going Gets Tough Amid Rising Competition from L1 Projects
      • Solana Raises the Bar Even Higher
    • 2. Bitcoin’s Continuous Popularity Among Institutions
    • 3. Regulatory Uncertainty
  • Solana Stakes Claim as the Possible Ethereum Alternative
  • Has Ethereum Already Lost the Battle?

According to a recent report by Kaiko Research, a lot was expected from Ethereum, especially with crypto experts hinting at a major bull run in the month of October. However, Ethereum stayed lukewarm, thereby catching many crypto experts off-guard. 

 

Ethereum Price vs Bitcoin Price Since September 5, 2024

Ethereum was trading at $2408.23 on September 5, 2024, and soon nosedived further to $2238.71 on September 7, 2024. Since then, the ETH price has rebounded big time. As compared to September 5 levels, Ethereum’s price has jumped by 9.44%, whereas it has skyrocketed by 17.73% from September 7 levels to $2635.68 on October 22, 2024. However, crypto analysts and experts believe that Ethereum has failed to match Bitcoin’s performance. 

What’s Keeping Ethereum Down Since September Rate Cut? Kaiko Research Has the Answer

 

Bitcoin was seen trading at $57202.56 on September 5, 2024, before falling further to $53857.56 on September 7, 2024. Ever since falling below $53000 levels, Bitcoin has totally changed its course despite rising tensions in the middle east. Bitcoin price was $66981.37 at 03:45 pm (EST) on Tuesday, which was 17.73% more when compared with its September 5 price of $57202.56 and a whopping 24.37% when compared with its September 7 low of $53875.56. 

Comparing Ethereum’s 17.73% surge and Bitcoin’s 24.37% clearly indicates the difference in performance for the two biggest crypto projects in the world. This article investigates why Ethereum has failed to live up to the hype since September rate cut amid Bitcoin and Solana’s strong performance. 

Why Ethereum Missed the September Rate Cut Catalyst?

While many crypto experts were left scratching their heads, Kaiko Research seems to have cracked the code behind Ethereum’s underwhelming performance. According to Kaiko Research, Ethereum’s slow performance isn’t just a fluke. In fact, multiple factors blocked the way for Bitcoin and Solana to match a grand show. These factors range from ever-changing crypto market dynamics and rising competition among altcoins to fundamental changes in Ethereum’s network itself. 

The US Federal Reserve made a much-anticipated rate move in September 2024, when it reduced its key rate to be in line with the market expectations. The move was expected to spur growth in risk assets, including crypto projects. Fed rate cuts typically favour the assets that are more speculative or risky in nature because lower interest rates deprive traditional investment options like bonds of their appeal. Due to this factor, both Bitcoin and Ethereum were expected to rise in stature after the rate move. While Bitcoin and Solana maintained the higher trajectory, Ethereum failed to match their moves. So, what exactly is going on with Ethereum?

Kaiko Research Knows What Ethereum Needs

As per the above-mentioned report by Kaiko Research, there are multiple reasons behind Ethereum’s slower-than-expectation performance in the last one and a half month or so. Let’s have a look at some of them below: 

 

What’s Keeping Ethereum Down Since September Rate Cut? Kaiko Research Has the Answer

 

1. Going Gets Tough Amid Rising Competition from L1 Projects

Despite Vitalik Buterin’s decentralisation plans, Ethereum has failed to match upbeat performance from other industry leaders like Bitcoin and Solana. One of the biggest factors is the rising competition from fellow layer-1 blockchain projects. Back in the days, Ethereum enjoyed monopoly in the L1 landscape, but many other layer-1 projects have surfaced in the past few years and many of them have found traction among crypto enthusiasts. This all has made life uneasy for Ethereum as the biggest altcoin by market capitalisation. Crypto platforms like Polygon, Avalanche, and Solana offer a lot smarter and cost-effective blockchain solutions to the crypto users. 

Solana Raises the Bar Even Higher

While other crypto projects are still looking to find strong feet in the category of new crypto innovations, Solana has already raised the bar high even for the existing crypto juggernauts like Ethereum. Solana’s high throughput and low transaction fees has helped it create a market of its own, which enthuses both users and developers. A number of recent popular meme coins were launched on Solana’s platform, which is a clear indication of its popularity. 

Solana not only handles thousands of transactions per second but its cost is a lot cheaper than that of Ethereum which has made it a popular choice worldwide. Moreover, Ethereum’s scalability issues are not helping the crypto platform to keep its advantage over new players. Its high gas fees and network disruptions have magnified its problems over the past few years despite its transition to the Proof-of-Stake (PoS) mechanism through the Ethereum 2.0 upgrade. Unfortunately, the upgrade has failed to find the right answers to the questions Ethereum has been struggling with, especially when it comes to scalability, users have started turning their back on ETH. 

 

2. Bitcoin’s Continuous Popularity Among Institutions

One of the key reasons behind Ethereum’s struggle is Bitcoin’s continuous popularity among institutional investors. As against Ethereum’s better functionality, Bitcoin is still regarded as a much safer and stable store of value by financial institutions. Kaiko Research highlighted that the number of institutional investors has actually increased for Bitcoin in recent years as it creates a strong reputation as a hedge against information and global economic downturn. 

As institutions continue flocking to Bitcoin, Ethereum has failed to create similar traction. Bitcoin’s reputation as digital gold has helped it create faith as a lower risk choice for investors, which Ethereum is still far from. 

 

3. Regulatory Uncertainty

The evolution of cryptocurrencies continues when it comes to regulatory developments. Many countries are still in the process of establishing the regulatory compliance laws for cryptocurrencies. While Bitcoin has largely steered clear of the regulatory hurdles, Ethereum stands vulnerable to regulatory scrutiny. Ethereum has often been in the crosshairs of regulators because of decentralised finance and issuance of tokens through initial coin offerings. 

Solana Stakes Claim as the Possible Ethereum Alternative

While Ethereum is struggling with its fair share of problems, Solana has successfully emerged as a possible alternative for blockchain users. Solana’s speed, low transaction costs, and scalability solutions have helped it lure a larger audience of developers and investors who are shifting away from Ethereum’s expensive and congested network.

What’s Keeping Ethereum Down Since September Rate Cut? Kaiko Research Has the Answer

Kaiko Research stated in its report that Solana has recorded a major surge in activity on its network in recent months. Solana’s native token has risen from $129 last month to $169 on Monday, a clear sign of Solana’s emerging victory. Solana’s success came with its fair share of challenges in network outages and technical problems this year. However, it managed to rise above the challenges by ensuring high-frequency transactions at a lot cheaper gas fees than Ethereum. 

 

Has Ethereum Already Lost the Battle?

Kaiko Research has pointed out a number of problems that are stopping Ethereum from taking top flight. However, despite its consistent struggle, Ethereum is far from losing this battle. It’s still the second-largest crypto project and the biggest altcoin by market capitalisation, and it still enjoys a massive advantage over other crypto platforms. 

As per the Kaiko Research’s observations, Ethereum will have to expedite implementing its scalability improvements through the Ethereum 2.0 upgrade. In the coming months, a growing institutional interest in NFTs and DeFi could provide the major boost it lacks at the moment. As far as the short-term view is concerned, Ethereum will have to resolve structural issues, better deal with regulatory uncertainties, and offer more fight against Solana and other altcoins. 

Although Bitcoin is still a lot larger than any competition in the crypto market, Ethereum will have to pull up its sleeves to ensure its advantage over other layer-1 blockchain platforms. On the flip side, Solana is making good grounds to challenge the hegemony of Ethereum, and soon, it will be able to look directly into Ethereum’s eyes as it provides a lot more to both developers and traders than Ethereum. Faster and cheaper transactions have helped Solana a lot in making its presence felt, whereas the availability of a stable and scalable platform has attracted developers, which is helping it steal the limelight. 

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Expect Bitcoin ETF Options to Launch Before 2025

Immediate Action? Crypto Advocates Cheer Trump’s Pledge

MoonBull Whitelist Ignites a Stampede as Best Upcoming Crypto, While Gigachad and Bone ShibaSwap Charge Ahead

Bitcoin Hits $100K Briefly, Faces Drop Below $90K on Trade Fears

Is Bitcoin’s Fate Tied to the S&P 500? History May Repeat Itself

TAGGED:BitcoinEthereumFederal ReserveKaiko ResearchSolana

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article growth in the altcoin market focusing on digital currencies such as XRP. The image shows an upward trend in the Musk’s Remarks Trigger Surge in Altcoin Market! Interest in XRP Grows!
Next Article representing a cryptocurrency listing announcement. The image features prominent New Listing banners and icons along wit Breaking News from Binance! Scroll (SCR) Listing Delayed by One Hour!
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English