Now Cryptocurrencies come under risk based pressure

The increased level of risk aversion was being ignored by the cryptocurrencies earlier today, but as that has increased further and equity markets have fallen more since the European opening, that has had a negative impact all around the crypto sphere. Consequently, Bitcoin has now dropped back closer to 50k again. However, it is really Ether that has taken the biggest hit in pure percentage terms. ETHUSD has now fallen back below 3,400 and closer to 3,350 as BTC runs out of steam. Hence, and despite the drop back in BTC, the relative price between the two has continued to move against Ether. Perhaps we should not forget; that both BTC and Ether are high risk based assets. ETHUSD is currently trading at 3373