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Ethereum acts as a 'hedge' in Bitcoin price crash as ETH/BTC hits 3-year high
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Ethereum's native token Ether (ETH) plunged alongside other cryptocurrencies on Dec. 4. Still, its move downside did not deter it from hitting a three-year high against Bitcoin (BTC), the world's leading crypto by market capitalization.
The ETH/BTC exchange rate jumped a little over 11.50% to hit 0.0835 BTC for the first time since May 2018. The pair's price rally appeared in contrast to Ether's 15% price drop against the U.S. dollar on Saturday, which appeared in the wake of a market-wide
Read more on cointelegraph.comAbout this in other media
Here's why Ethereum traders could care less about ETH's current weakness cointelegraph.com /2 years ago
Ethereum Classic, Aave, EOS Price Analysis: 18 December ambcrypto.com /2 years ago
Bitcoin 'death cross' that pushed BTC price to $28.8K reappears cointelegraph.com /2 years ago
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