Bullish ETH/BTC pair revives the Ethereum ‘flippening’ discussion
and the overall cryptocurrency market saw minor losses on April 29 as the market heads into the expiry of $4.2 billion worth of (BTC) options contracts.
Data from Cointelegraph Markets and TradingView shows that since reaching a high above $56,400 on April 28, the price of Bitcoin has dropped more than 6% back down near the $53,000 support level while (ETH) continues to trade above $2,700.
4-hour chart. Source: TradingView 4-hour chart.
Source: TradingViewDaily cryptocurrency market performance. Source: Coin360
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