Yesterday evening it was still above 0.03; this morning, ETH lost it again.
The exchange rate of $ETH against $BTC is now 0.02955, down 1.76% in 24 hours. Its low for the day is the current price—yesterday it was still above 0.03008, and it peaked at 0.03053.
ETH has fallen harder than $BTC this time: ETH is at $2,249.25, down 6.77%; BTC is at $76,095, down 5.12%. The one that led the gains over the past couple of days is now leading the losses.
The drag came from a sell-off in U.S. AI stocks: the Nasdaq 100 fell 5.1%, the semiconductor index dropped more than 10%, and Nvidia fell 7%. More than $1 billion in positions were liquidated across the crypto market in 24 hours, mostly long positions.
The next point to watch: U.S. October nonfarm payrolls are due at 21:30 tonight. The market expects around 65,000 new jobs and an unemployment rate of 4.2%. Once the data is out, can ETH/BTC recover 0.03 first? This is not investment advice.
The exchange rate of $ETH against $BTC is now 0.02955, down 1.76% in 24 hours. Its low for the day is the current price—yesterday it was still above 0.03008, and it peaked at 0.03053.
ETH has fallen harder than $BTC this time: ETH is at $2,249.25, down 6.77%; BTC is at $76,095, down 5.12%. The one that led the gains over the past couple of days is now leading the losses.
The drag came from a sell-off in U.S. AI stocks: the Nasdaq 100 fell 5.1%, the semiconductor index dropped more than 10%, and Nvidia fell 7%. More than $1 billion in positions were liquidated across the crypto market in 24 hours, mostly long positions.
The next point to watch: U.S. October nonfarm payrolls are due at 21:30 tonight. The market expects around 65,000 new jobs and an unemployment rate of 4.2%. Once the data is out, can ETH/BTC recover 0.03 first? This is not investment advice.
