Ethereum extends losing streak against bitcoin

Dear Reader, Ethereum's native token Ether (ETH)can't seem to catch a break. Despite protocol upgrades when the network transitioned to a proof-of-stake consensus mechanism… ETH is trading 68% lower than its $4,870 peak in late 2021. It's also trading at a 15-month low versus Bitcoin. As of early October, CoinShares data shows that Bitcoin investments attracted $246 million year-to-date.  Ethereum? Well… its funds lost $104 million in capital. What gives? Some say this proves Bitcoin is still the "King of Crypto". The buzz around the potential spot Bitcoin ETF approval… Not to mention the halving event coming up in a few months… May have boosted BTC demand and left Ethereum in its dust. At least for now.  Keep in mind, this is the crypto market. Anything can — and often does — happen.  While Ethereum is on the losing end of the stick, playing second fiddle to Bitcoin… Crypto traders can win no matter what.  By using Cointelegraph Markets Pro. Makes no difference which legacy coins are up or down.  Because this trade tracking dashboard finds potential winning plays — based on market events known to impact crypto prices — for traders in any market environment.  Every single day.  Regards, Max K. Markets Pro Team © 2023 COINTELEGRAPH MARKETS PRO COINFIDENTIAL. Copyright © 2023 Cointelegraph Markets Pro, All rights reserved. You are receiving this email because you opted in at our website. Our mailing address is: Cointelegraph Markets Pro 21 W 46th St New York, NY 10036-4119 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.