As the Merge edges closer, the price of ether slipped 0.9% over the past 24 hours to $1,755. Bitcoin, by contrast, rose above $22K, the highest since mid-August. Liqquidity and Godbole17 report
is a broad-based index designed to measure the market capitalization weighted performance of the digital asset market subject to minimum trading and exchange eligibility requirements.almost here, stars seem to be aligned in favor of ether . And yet, the native token of Ethereum has been underperforming bitcoin since Friday.
Ether's underperformance stems from traders rotating money out of ETH and into BTC, some observers told CoinDesk. In contrast, others blamed caution ahead of the Merge and increased interest in buying the"With the ETH/BTC ratio trading back to previous highs, some have started to unwind their long ETH/short BTC trade, and this has caused a +10% rally in BTC.
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