ETH/BTC continues to break down, while almost $1B of Bitcoin flows back onto exchanges
Quick Take
- ETH/BTC continues to break down and heads to 6-month lows, currently at 0.067.
- While in the past three days, we have seen almost $1 billion worth of Bitcoin flow back onto exchanges.
- As the contagion spreads from the banking sector, risk-on assets may suffer poorly in the short term.
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