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Ether loses out to Bitcoin again

12 Oct, 2021

Over the course of the morning the one clear takeaway from all the price action in the leading two cryptocurrencies has been the outperformance of BTC over Ether. Earlier this morning, Ethereum (ETHUSD) fell back close to 3,400 as BTC dropped back below 57k. It has rebounded a bit since, but for the time being remains camped below 3,500 even as BTC rebounds back above 57,250 right now. Hence the cross price between the two has shunted the most in favour of Bitcoin so far this week earlier today. In fact, it has now dropped to its lowest since September 1. Despite that, the much longer term trend is not clear, but at the same time, it remains immediately lower for the time being. ETHUSD is just now trading at $3,463
 

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