Coin Actual Wallpaper
Coin Actual Wallpaper

Most Read


2022-08-01269 

New Measures to Misleading Cryptocurrency Ads from the UK

2023-03-01216 

Has Bitcoin Bull Season Started?

2022-07-30130 

Shiba Coin Delivers the Good News! Here are the Details of the New Project!

2022-07-29334 

Bitcoin Price Hits 6 Week Highs

2022-07-30287 

Bitcoin Mining Is Cleaner Than You Think! Here are The Details!


Bitcoin (BTC) Price Index


Ethereum Price Drops Against Bitcoin For The First Time In 7 Weeks!


Bitcoin

The cryptocurrency market is back in the red zone as both Ethereum (ETH) and Bitcoin (BTC) are pulling back. Ethereum price dropped relative to Bitcoin for the first time in 7 weeks!

The cryptocurrency market has returned to the red zone as both Ethereum (ETH) and Bitcoin (BTC) have retreated, but ETH has been slightly worse off than BTC for the first time in nearly two months.

ETH in Bad Situation

Ethereum price dropped relative to Bitcoin for the first time in 7 weeks!
Christophe Barraud, chief economist, strategist and top forecaster at Bloomberg, announced on August 18 that Ethereum lost value faster than Bitcoin for the first time in seven weeks, based on the weekly change in the Ether-Bitcoin cross rate.

However, the second-largest token has received striking support from the attention surrounding the upcoming Merge upgrade, which is scheduled for mid-September and will officially mark the network's transition from Proof-of-Work (PoW) consensus to Proof-of.

Correlation With Equities Remains High

On-chain social metrics platform Santiment is better than Bitcoin in the recovery, despite the drop relative to BTC, as both remain largely correlated with S&P 500 stocks after the better-than-expected data report on Ethereum, the Consumer Price Index (CPI) or inflation. performed.

The expressions in the post are as follows:

A very hated move (for most) since markets hit bottom in mid-June and left the marginalized people in the dust. But not all rallies are equal, BTC underperforming. Instead, ETH is leading the recovery as we get closer to consolidation.

Disclaimer: The content on this site should not be considered investment advice. Investment is speculative. When investing, your capital is at risk.

Follow Bitcoin, altcoin, crypto money news, last minute developments and current articles from Coinactual.com.

Follow us on Instagram and join our YouTube channel!