ETHBTC Hits 14-month Lows, ICE Rebrands to WAGMI
Equity markets are flat today in anticipation of the Fedâs 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 according to Lookonchain is part of the entities $423m holdings acquired during Ethereumâs ICO at 31 cents. XRP is outperforming the top 10, gaining 1.5% over the last day after XRP based DeXfi announced upcoming updates for several new DeFi capabilities, including a native AMM.
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