Insights

ETH/BTC continues to break down, while almost $1B of Bitcoin flows back onto exchanges

exchange68September 13, 2024

0 1 1 minute read

Quick Take

ETH/BTC continues to break down and heads to 6-month lows, currently at 0.067.
While in the past three days, we have seen almost $1 billion worth of Bitcoin flow back onto exchanges.
As the contagion spreads from the banking sector, risk-on assets may suffer poorly in the short term.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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