Digital Currency

Add as a preferred source on Google

Ether-Bitcoin Ratio Reaches 0.02954 at a Seven-Day High

The Nov. 3 intraday reading was 2.3% above Oct. 29, while both assets posted lower dollar closes for Nov. 2.

Updated 1 min read
Two unmarked metallic tokens sit side by side in a restrained cryptocurrency market graphic. / EconoTimes.ai
Two unmarked metallic tokens sit side by side in a restrained cryptocurrency market graphic. / EconoTimes.ai

Ether (ETH) fell less than Bitcoin (BTC) in dollar terms from Nov. 1 to Nov. 2, lifting Ether’s relative value and sending the pair to a seven-day intraday high Nov. 3.

The ratio reached 0.02954 BTC per ETH, around 1.6% short of 0.03. It stood at 0.02887 on Oct. 29, making the later reading 2.3% higher. The Nov. 3 level was below 0.03; the pair’s Oct. 19 close was also under that mark.

Bitcoin’s Nov. 2 close was $76,677, after $78,248 on Nov. 1. Ether ended at $2,249, down from $2,273. Together, those moves left ETH worth nearly 1% more BTC than a day earlier.

A market snapshot at 10:42 p.m. ET Nov. 3 (03:42 UTC Nov. 4) put Bitcoin at $76,173, down 0.60% over 24 hours, and Ether at $2,240.95, down 0.11%.

An earlier EconoTimes comparison of Ether’s October performance against Bitcoin, based on CoinGecko’s UTC dollar closes, put Ether’s decline at 7.8% through Oct. 19.

Related articles

View all