ETH/BTC Ratio Nears 0.03 as Ethereum Gains on Bitcoin
Photo: Bitcoinist
One ether bought about 2.3% more bitcoin on November 3 than it did on October 29. That put the ETH/BTC ratio near 0.02954, its highest reading in CoinGecko’s seven-day snapshot. From there, ether needed roughly another 1.6% gain against bitcoin to reach 0.03 BTC. The interesting part is how ether got there. On Monday, ETH gained ground against BTC even as both traded lower in dollars. ONDO, a token traders might look to for a bigger move when ether gains, fell more sharply than either one.
Source: Bitcoinist
