Ethereum’s Ratio Flash Crashes

ethereum ratio flash crash dec 2020

Ethereum’s ratio against bitcoin flash crashed on Bitstamp, briefly dropping to 0.021 BTC, worth $500. The ratio quickly returned to the then 0.027 bitcoin, worth $640, with the ETH/USD pair not experiencing a flash crash. This came at a time of significant volatility with ethereum’s value against bitcoin continuing downwards since the flash crash. It’s not clear what caused this flash crash which ended within a minute, whether it was a glitch or a fat finger. However it happened only on Bitstamp with ethereum’s ratio now testing support at 0.025 btc, its lowest level since July. That’s because eth has been performing somewhat poorly against bitcoin recently with the latter receiving considerable attention from institutional investors. Eth has seen some attention too, but bitcoin has been able to maintain value better during dips and has managed to recover more strongly than eth. Ethereum however awaits CME futures to launch this…

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