ETHBTC Hits 14-month Lows, ICE Rebrands to WAGMI
Sep 20, 2023
Market Update Equity markets are flat today in anticipation of the Fed’s interest rate decision and revised dot plot announcement this afternoon. $BTC is down 0.5% today, continuing to range between $26.9k and $27.4k for the last week. $ETH is underperforming, down 1.5% in USD, and reaching 14 month lows against BTC. The $ETHBTC pair has broken the 0.06 level, trading at 0.59 at writing. This follows notable on-chain transfers from whales depositing $60 million into exchanges, including founder Vitalik Buterin sending $493k in ETH to Kraken. Another large holder deposited $50m in ETH, which