RATE Group | Does Continuous Decline of Ethereum Against Bitcoin Spell Doom for Altcoins?
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Does Continuous Decline of Ethereum Against Bitcoin Spell Doom for Altcoins?

12 Aug Does Continuous Decline of Ethereum Against Bitcoin Spell Doom for Altcoins?

Posted at 22:16h in Bitcoin News by

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Bitcoin and the aggregated crypto markets have been caught in the throes of volatility as of late, and although this volatility has mostly proven to be bullish for Bitcoin, it has largely been devastating for altcoins like Ethereum.

Now, one analyst is noting that Ethereum’s decline against Bitcoin may signal that further weakness is imminent in the altcoin markets, meaning that embattled investors may face even further losses in the near-future.

Ethereum Faces Continuous Decline Against Bitcoin as BTC Dominates Markets 

Through the course of Bitcoin’s recent bull run, it has incurred a significant increase in dominance over the aggregated crypto markets, which has come about as a result of investors fleeing major altcoins in favor of BTC.

Ethereum has been one such major altcoin that has lost its dominance and has faced a steep sell off, with its price against Bitcoin plummeting from its year-to-date highs of 0.041 BTC to its current price of 0.01863 BTC.

Ethereum’s year-to-date…

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