Bitcoin-Ether Ratio Hits 3-Month High, Friday's Close Pivotal

Posted on by American Coins & Gold

Bitcoin-Ether Ratio Hits 3-Month High, Friday's Close Pivotal
The bitcoin-ether ratio rallied to the highest level in three months on Monday as adverse macroeconomic conditions unexpectedly took a bigger toll on the native token of Ethereum’s blockchain.The ratio climbed to 15 on Monday, hitting the highest since Oct. 25, a chart provided by TradingView shows.Bitcoin has consistently outshined ether over the past six weeks, evidenced by the ratio’s 32% increase since Dec. 8.While ether has declined 45% since then, amid heightened expectations of a U.S. Federal Reserve interest-rate increase, bitcoin, despite being considered an inflation hedge and more sensitive to changes in borrowing costs in the traditional economy,…