Nov 18 2020

3 reasons Ethereum dropped much harder than Bitcoin in abrupt correction

published by Joseph Young
in blog CryptoSlate
original entry3 reasons Ethereum dropped much harder than Bitcoin in abrupt correction

adoption analysis ethbtc ethereum ethusd ethusdt price watch

Within 30 minutes, on November 18, the price of Ethereum dropped 7.7% as Bitcoin also recorded an abrupt 6% drop. ETH saw a much sharper drop in the same period, sparking concerns regarding extreme volatility. Three key reasons likely caused Ethereum to see a more volatile drop than Bitcoin. The factors are thinner order book, high futures open interest, and algorithms....

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