Ether took the bigger hit on Sunday. Both $BTC and $ETH touched two-month lows late on Nov 8. Reuters had BTC at $73,708, down more than 2%, and ETH at $2,223, down about 5%. I’d watch ETH/BTC today. It measures what one ether is worth in bitcoin, so it tells me whether ETH is gaining ground against BTC even if both are moving in the same direction against the dollar. A bounce in both would be easy to read as broad relief. If ETH still loses ground against BTC during that bounce, I’d want more evidence that traders are taking risk beyond bitcoin. If BTC bounces when US markets reopen, does ETH/BTC recover any of Sunday’s losses?
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