Investors Ditch ETH Temporarily As They Become More Risk-Averse -Breaking
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Investors abandon ETH temporarily as they become more risk-averse- It is expected to keep its eight-week losing streak going, making it the longest ever losing streak in its history.
- ETH dropped 9.68% over the past 24 hours, and 13.95% during the week.
- As traders become less risk-averse, they flock to the biggest cryptos in the market despite the recent sell-off.
Bitcoin’s 8-week losing streak is expected to continue. This is the longest ever losing streak in Bitcoin history. The world may see an upwards trend in Bitcoin prices if it is unable to recover $30,000.00 in the coming three days.
Market cap-wise, ETH is the second largest crypto project. It has traded at the lowest level in seven months relative to BTC.
At the moment, it is 0.061. The ratio is at its lowest level since October 2021. ETH is down 37% and BTC has fallen 23% over that same time frame.
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