8 months, 2 weeks ago
Crypto rally under scanner as Bitcoin-Ether ratio signals warning. Price under pressure?
Hindustan TimesCrypto has been on a roll despite all the setbacks it had suffered through the last 6 months and more. Bitcoin-Ether ratio The point that is being highlighted is the ratio that compares the price of Bitcoin with that of second-ranked Ether. The analysis of the Bitcoin-Ether ratio indicates at a possible waning of risk appetite in crypto, Bloomberg reports. Crypto asset trading company QCP Capital said that this may be “a very early signal” of FOMO — or fear of missing out — morphing into “fear” if Ether is viewed as a proxy for sentiment toward smaller tokens. Bitcoin price today On Friday, Bitcoin price dropped 1.5% to $66,940 in London, and Ether itself shed a similar amount to $3,278.
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