RATE Group | Ether Outshines Bitcoin in a Gloomy Month for Crypto Prices
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Ether Outshines Bitcoin in a Gloomy Month for Crypto Prices

30 Sep Ether Outshines Bitcoin in a Gloomy Month for Crypto Prices

Posted at 22:30h in Cryptocurrency News by

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September has been a rough month for bitcoin and the wider cryptocurrency market, but ether has weathered the storm better than most.

Bitcoin, (BTC), the leading cryptocurrency by market value, is on track to post a monthly loss of more than 16 percent – the biggest since November 2018, according to CoinMarketCap. As of writing, BTC is trading around $8,070, having hit a 3.5-month low of $7,838 earlier today.

Meanwhile, the total market capitalization of all cryptocurrencies has currently shed nearly 13.7 percent on a month-to-date basis, standing at $215 billion at press time.

Ethereum’s native cryptocurrency ether (ETH), however, is currently reporting a monthly gain of 0.30 percent. As of writing, the world’s second largest cryptocurrency is changing hands at $174.

In fact, ETH is the best performing top 10 cryptocurrency of September, as seen in the chart below (note, the tether stablecoin has been excluded).

  • Bitcoin SV (BSV) is the worst performing…

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