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

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

“With the ETH/BTC ratio trading back to previous highs, some have started to unwind their long ETH/short BTC trade, and this has caused a +10% rally in BTC. Beta adjusted, bitcoin has outperformed ether during the last week,” Markus Thielen, chief investment officer at British Virgin Islands-based IDEG Asset Management, said in an email.

Originally Posted on: https://www.coindesk.com/markets/2022/09/12/first-mover-americas-countdowns-on-for-ethereum-merge-but-price-is-slipping-versus-bitcoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Bradley Keoun, Omkar Godbole

Written by:

10,783 Posts

View All Posts
Follow Me :

Leave a Reply

%d bloggers like this: