Divergent On-chain Trends Within Ethereum/Bitcoin Network Add to Reasons Why the ETH/BTC Price Might Continue Dropping

The exchange rate between Bitcoin (BTC), the world’s first and largest cryptocurrency by market capitalization, and Ether (ETH), the world’s second-largest cryptocurrency by market capitalization that powers the Ethereum blockchain

[{"selector":"#anim-a246e777-88a2-45d0-a704-11da76e9bb0b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-01442819-7c99-4c01-becf-3b1de7693f2e","keyframes":{"transform":["rotate(-87deg) translate3d(0px, -64.9737%, 0) rotate(87deg)","rotate(-87deg) translate3d(0px, 0px, 0) rotate(87deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b48ec944-69cd-4a24-b50d-fc2e358d8629 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.16534827933079%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Learn more

ETH/BTC’s downside isn’t a result of Ether performing poorly. On the contrary, at current levels in the $1,750s, Ether is up just shy of 10% this month and is up over 27% versus earlier monthly lows under $1,400.

Bitcoin has been leading a charge higher in cryptocurrency markets amid what analysts have referred to as a “safe haven” bid as cracks form in the global banking system.

[{"selector":"#anim-c9697481-11f5-4576-a16c-24505c1f0644 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(51.75463502202305%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-56cb6102-9984-43ce-bf1c-4cd5f2908e57","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5cf3a68b-ca96-4bf1-abaa-4f850abfd44a","keyframes":{"transform":["translate3d(0px, -113.02683%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

But Bitcoin, which many refer to as “digital gold”, is increasingly viewed as a safe haven.

Read More Story

[{"selector":"#anim-62c5c284-0731-446f-8f3e-c57c4e3df361","keyframes":[{"offset":0,"transform":"rotate(-1deg) translate3d(0, -243.85577%, 0) rotate(1deg)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"rotate(-1deg) translate3d(0, 0%, 0) rotate(1deg)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"rotate(-1deg) translate3d(0, -68.572242524%, 0) rotate(1deg)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"rotate(-1deg) translate3d(0, 0%, 0) rotate(1deg)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"rotate(-1deg) translate3d(0, -23.312611612%, 0) rotate(1deg)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"rotate(-1deg) translate3d(0, 0%, 0) rotate(1deg)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"rotate(-1deg) translate3d(0, -8.754422143000001%, 0) rotate(1deg)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"rotate(-1deg) translate3d(0, 0%, 0) rotate(1deg)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"rotate(-1deg) translate3d(0, -3.804150012%, 0) rotate(1deg)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"rotate(-1deg) translate3d(0, 0%, 0) rotate(1deg)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":600,"fill":"both"}] Contact us