# Bitcoin Up, ETH Down

*Author: Bankless*
*Published: Nov 17, 2023*
*Source: https://www.bankless.com/fr/eths-btc-struggles*

---

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/11/Frame-50469--1-.png)](https://www.bankless.com/sponsor/asymetrix-1700256441?ref=review-backpack&email=true)

  

    Bitcoin Up, ETH Down
  
  

  
  Published on Nov 17, 2023

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

---
[**Sponsor: Asymetrix**](https://www.bankless.com/sponsor/asymetrix-1700256441?ref=review-backpack&email=true)
Empower your stETH with Asymetrix V2's enhanced core features!

[Discover Asymetrix V2](https://www.bankless.com/sponsor/asymetrix-1700256441?ref=review-backpack&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
    Worldcoin's AI Problem
  
  

  

 

![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/11/Frame-50445--23-.png)- **🗑️ Sam Altman shelved. **OpenAI's board fired [CEO Sam Altman](https://twitter.com/sama/status/1725631621511184771), a surprise move which sent the price of Worldcoin's WLD [token plunging](https://www.theblock.co/post/263611/worldcoin-price-drops-6-after-sam-altman-unseated-as-openai-ceo).
- ** 🤨 What are Gary's ETF plans?** The SEC continues [to delay spot BTC ETF decisions](https://www.theblock.co/post/263598/sec-delays-decision-on-global-x-spot-bitcoin-etf), but is also [talking to exchanges](https://x.com/EricBalchunas/status/1725559994995573086?s=20)? What's Gary up to?
- **💰 Jump spins out Wormhole. **Jump Trading is [reportedly](https://www.bloomberg.com/news/articles/2023-11-17/jump-spins-off-wormhole-project-shrinking-its-crypto-business) dialing back its crypto biz, spinning out the cross-chain bridge it spent $320M propping up after its big hack.

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
    ETH Struggles Against BTC
  
  

  

 
 

**📊 ETH Struggles:** Bitcoin up, Ethereum down! ETH/BTC is down 1.6% today and on the verge of retracing the relief rally incepted by BlackRock’s decision to file for a spot Ether ETF. Will the ratio continue to trade lower?

Prices as of 4pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $1.38T
       

  
    
    ↗ 0.2%
    
  

   
    
    ↘ 2.8%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $36,466
       

  
    
    ↗ 1.1%
    
  

   
    
    ↘ 2.4%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $1,949
       

  
    
    ↘ 0.6%
    
  

   
    
    ↘ 6.9%
    
  

  

[Unlock Today's Full Market Analysis](https://www.bankless.com/eth-struggles-against-btc)

.  .  .

 
  
    

    ANALYSIS

  
  
    
    Review: Backpack Wallet
  
  
  
   
     
     Bankless Author: 
     
      [
       
       Jack Inabinet
     
    ](https://twitter.com/JackInabinet)
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/11/image--25-.png)](https://www.bankless.com/review-backpack)**So, not sure if you've heard, but Solana has been awfully hot lately**. Today, we're taking a close look at one of the buzzier wallets on the network.

***Dig in for the full *free* review* 👇**

[Get the Full Rundown](https://www.bankless.com/review-backpack)
---