Ether Rallies to 8-Month High, Gains Ground Against Bitcoin
"ETH looks to regain ground against BTC as part of a broader capital rotation play," one observer said.
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"ETH looks to regain ground against BTC as part of a broader capital rotation play," one observer said.
One observer said poor order book depth is primarily responsible for the rally, while others pointed to the cryptocurrency's sound money appeal and Fed pivot speculation as bigger catalysts.
ALSO: Sam Reynolds writes that decentralized derivatives platforms are having a liquidity problem. The shortage may stem from crypto traders' current caution, but at least one stakeholder is optimistic that the situation will change.
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