So you dobt believe eth's downturn is because the price usually goes down on the weekends and bounces back mon-thursday? If it is due to the fundamental difference in value of eth and btc, what about other altcoins that have skyrocketed? Although sia and lbc tanked, but cvc and neo reached all time highs
@HamadaMark, I mean a 0.05 eth/btc is not going to last. The crypto markets are volatile by nature. So, the falling eth is probably temporary, and will bounce back after the weekend. You take a more permanent view by saying that at this eth/btc rate, eth will fall after btc satrts going down. If that is true we should see little evidence of a gain in other alts, whereas cvc, neo and others reached all time highs; even the ones that are allegedly more tied to the usdt. So what is your response then? Is that a fair point, or do you still believe eth and btc are more tied in the scale of their movement?
Thanks for the analysis
HamadaMark
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@kash27, First Thanks for Explain and yes agree with you The crypto markets are volatile by nature but when btc get $3500 people still wait and afraid of btc go under $2900 again but btc test $3100 and go up fast now BTC in the best and right place for alts move up yes some coin go up like neo Aby and others but why the main coins like ETH LTC ETC NXT XTR XRP REP don`t go up they move good at usdt but if u compare it at BTC we see down trend only i hope they go up before end of month and before btc do his correction
and i hope you take a look at this reply