$ETH is down 28% this quarter. $BTC is down 17%, and BTC is the one getting the headlines.
Bitcoin slipped under 69,000 dollars today, its lowest since August. Ether lost 2,000 on the way down.
The math, from CoinGecko daily prices: on Oct 1, BTC sat near 83,600 and ETH near 2,685. Now it's about 69,000 and 1,937. One ETH bought 0.0321 BTC at the start of the quarter. It buys 0.0281 now, about 12.6% less.
Coinglass counted more than 1.3 billion dollars in futures liquidated over 24 hours, nearly 500 million of it right as BTC broke 70,000.
The "ETH catches up once BTC cools" crowd called the cooling part.
#Ethereum
NFA. DYOR.
Bitcoin slipped under 69,000 dollars today, its lowest since August. Ether lost 2,000 on the way down.
The math, from CoinGecko daily prices: on Oct 1, BTC sat near 83,600 and ETH near 2,685. Now it's about 69,000 and 1,937. One ETH bought 0.0321 BTC at the start of the quarter. It buys 0.0281 now, about 12.6% less.
Coinglass counted more than 1.3 billion dollars in futures liquidated over 24 hours, nearly 500 million of it right as BTC broke 70,000.
The "ETH catches up once BTC cools" crowd called the cooling part.
#Ethereum
NFA. DYOR.
