Bitcoin slips as Ether falls back below 2,350

The drop back below $2,350 now this morning on Ether has rather derailed Bitcoin. Earlier this morning reports of a reduction in the supply of Ether helped to propel it to as high as 2,450. Even then it did not take BTC higher with it and the lead cryptocurrency soon rejected another rise above 40k. Well, as the morning has progressed and Ether has slipped back, it has left BTC with no place to hide and the price has now fallen below 39k and closer to 38k in recent trading. The move lower now in both appears to be highlighting one problem that has largely accounted for why BTC has slumped in recent months, and that is all about the energy required to mine it. The exact facts are not known here, but presumably there is some trepidation that the new EIP plan for Ether might result in the same problem. I will leave the reader to make up their own mind on that issue. So, whatever the cause, Bitcoin is under a degree pressure right now as it looks to dip further below 38,500