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ETH/BTC Shrugs Off Correction, The Fight For Curve Dominance

Jun 7, 2021 · 2 min read

By Ashwath Balakrishnan, and Jeremy Ong

Market Update

The crypto market had yet another quiet weekend with very little volume across the top 100 coins (likely a result of most of the industry gathering in Miami). Despite BTC falling less than ETH from current ATHs, ETH looks like the stronger asset for now.

Formidable Strength on ETH/BTC

If you look at the YTD ETH/BTC chart in isolation, you probably wouldn’t guess fear in the crypto market is the highest it’s been in a year. It’s worth noting that in 2017, ETH/BTC topped out mid cycle and proceeded to trend down as BTC ripped to $20,000. Further, at the early 2018 top, ETH/BTC took a massive beating and didn’t recover even close to as quickly as it has this time.

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