The post The price of Ethereum in Bitcoin is still falling, but not in USD appeared on BitcoinEthereumNews.com.

In recent days in the crypto markets, an interesting dynamic is occurring regarding the price of Ethereum in Bitcoin and in USD.  The thing is curious especially because by the end of the month, or at the latest by the first week of July, the final listing of spot ETH ETFs in the USA is expected, but despite this at the moment Ethereum appears clearly subordinate to Bitcoin.  The price of Ethereum and Bitcoin in USD Regarding the price trend in USD in recent days, there is not much to say about either Ethereum or Bitcoin. After the sudden movement on Friday, when the price of BTC dropped almost abruptly from around $72,000 to around $69,000, over the weekend it did nothing but move sideways just above $69,000. Among other things, the current level is perfectly in line with that of last Monday, so Friday did nothing but burn the gains accumulated during the week.  Indeed, at the beginning of June it was below $68,000, so the current level should still be considered very good, being in fact only 6% lower than the historical maximum.  A similar argument can also be made for Ethereum. The current price is below $3,700, and it is in line with that of the last decade of May.  Curiously, however, it is still at -25% from the absolute highs of 2021, but last week it had not risen much.  After the boom of May 20, when the news of the possible imminent approval of the applications for the issuance of a spot ETH ETF in the USA came out, it rose only until the end of the month, then started June above $3,700 and in fact has been lateralizing until now.  Friday had reached just above $3,800 before the drop that brought it back below…

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Filed under: News - @ June 11, 2024 1:22 am