Ethereum (ETH) and Bitcoin (BTC) Drop Sharply, but Arthur Hayes Says He's Not Selling
Earlier today, the crypto king slipped to $18,540, the lowest level since June 18 on the Bitstamp exchange. At press time, it is trading at $18,773. After reaching the highest level against Bitcoin in 2022, Ethereum also took a bearish turn. The ETH/BTC pair has plunged by almost 6% from its Sept. 6 peak.
The entire cryptocurrency market capitalization has now below the $1 trillion level. In a recent tweet, former BitMEX CEO Arthur Hayes says that he is not selling in spite of the sharp correction.