ETH/BTC is rising—does that mean ETH’s USD price is rising too?
For trading pairs quoted in stablecoins, the price is roughly equivalent to the USD price, so they’re most commonly used to measure a coin’s value.
A trading pair like ETH/BTC is quoted in BTC. It shows how ETH is performing relative to BTC, which is not the same as ETH’s USD price.
The first page of my trading notes says: Understand before you act.
Every gain comes with a corresponding risk. Take a closer look at how much you could lose in the worst-case scenario.
$BTC 83838 (-0.13%)
#BTC
For trading pairs quoted in stablecoins, the price is roughly equivalent to the USD price, so they’re most commonly used to measure a coin’s value.
A trading pair like ETH/BTC is quoted in BTC. It shows how ETH is performing relative to BTC, which is not the same as ETH’s USD price.
The first page of my trading notes says: Understand before you act.
Every gain comes with a corresponding risk. Take a closer look at how much you could lose in the worst-case scenario.
$BTC 83838 (-0.13%)
#BTC