October's scoreboard is in, and ETH took the harder hit.
Per Kraken data, $BTC closed October at $77,437, down 7.3% from the $83,565 open. $ETH opened at $2,684 and closed at $2,252.50, a 16.1% drop. Today ETH/BTC ticked up 0.79% to 0.02921 (MarsBit), so Ether is at least bouncing faster than Bitcoin.
My take: a bigger monthly drop plus a quiet leverage reset can set up a calmer start to November, but the Fear & Greed reading of 34 says nobody is relaxed yet.
Which holds up better in November, $BTC or $ETH, and why?
#Bitcoin #Ethereum #CryptoMarket
Not financial advice.
Per Kraken data, $BTC closed October at $77,437, down 7.3% from the $83,565 open. $ETH opened at $2,684 and closed at $2,252.50, a 16.1% drop. Today ETH/BTC ticked up 0.79% to 0.02921 (MarsBit), so Ether is at least bouncing faster than Bitcoin.
My take: a bigger monthly drop plus a quiet leverage reset can set up a calmer start to November, but the Fear & Greed reading of 34 says nobody is relaxed yet.
Which holds up better in November, $BTC or $ETH, and why?
#Bitcoin #Ethereum #CryptoMarket
Not financial advice.