“With the ETH/BTC ratio trading back to previous highs, some have started to unwind their long ETH/short BTC trade and this has caused a +10% rally in BTC. Beta adjusted, bitcoin has outperformed ether during the last week,” Markus Thielen, chief investment officer at British Virgin Islands-based IDEG Asset Management (IDEG), said in an email.
Related posts
-
Ethereum ICO Participant Offloads 6,000 ETH As Bearish Sentiment Intensifies
According to data from CoinMarketCap, the price of Ethereum slipped by 10.23% over the last seven... -
Bitcoin Cash: Empowering Merchants and Boosting Adoption in Bitcoin Cash City
Bitcoin Cash (BCH) has emerged as a popular cryptocurrency, offering fast and low-cost transactions. In the... -
Bitcoin Futures Liquidation Forms Local Price Bottom — A Return To $65,000 Inevitable?
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the...