Fear Makes Quick Return to Crypto Markets as Bitcoin Plunges Most in 2 Months


The price ratio between ether and bitcoin – tickerized as ETHBTC – is currently trading at 0.0839, a new yearly high. Last year, ether traded above the current level versus bitcoin on nine occasions, emphasizing that ether is trading at rare highs versus bitcoin, according to Arcane Research. “This shows the strength of the Merge narrative in the market,” said Arcane.

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