Today in Markets

King of the Hill

This is Bitcoin's world for now, and we're all just living in it
Jack Inabinet Jack Inabinet Dec 20, 20231 min read
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market analysis King of the Hill

Greener Pastures! Crypto markets make modest gains on the day amid a down day for a stock market that continues to inch towards new all-time highs. The total crypto market cap (TOTAL) is green, up 3.7%, but broadly alts are struggling against Bitcoin. What's driving BTC outperformance?

Ethereum continues to demonstrate persistent weakness against Bitcoin, with the ETH/BTC ratio now at risk of breaching the absolute lows it set during the 3AC implosion. Some are attributing Ether weakness towards the Celsius estate’s persistent offloading of ETH.

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