Published by
City AM
By Darren Parkin Data from CryptoCompare shows that the price of Bitcoin endured a steep sell-off over the past week, dropping from around $19,600 to an $18,800 low before it started to recover. Ethereum’s Ether, the second-largest cryptocurrency by market cap, traded in a way similar to BTC, dropping from $1,320 t a $1,260 low before recovering. Data from CryptoCompare has found that leading up to the Ethereum Merge upgrade there was a rise in speculative activity on Ethereum, with the ratio of ETH-USDT and BTC-USDT futures volume reaching 0.91 in August. However, liquidity returned to Bitcoi…
Read More: bitcoinwarrior.net
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