Ether Favored in Crypto Rotation as Bitcoin Recoils Off $100K Sell Wall

Quick Summary:

The ETH/BTC ratio hit its weakest level in three years last week, but has rebounded since and is poised for more gains, observers noted.

ETH advanced 4% during the day, outperforming BTC's 1.5% loss and slight gains of the broader market benchmark CoinDesk 20 Index.

Bitcoin is likely to move sideways until year-end, said Paul Howard, senior director of Wincent.

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Article Details

Author / Journalist: Krisztian Sandor

Category: Crypto

Markets: United StatesCubaHungary

Topics: Markets Ether ETFs Bitcoin Market Wrap Ether Options

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 20:34:59 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 479 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 23845229

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About CoinDesk

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 17 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #8

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