September has been a rough month for bitcoin and the wider cryptocurrency market, but ether has weathered the storm better than most.
Bitcoin,, the leading cryptocurrency by market value, is on track to post a monthly loss of more than 16 percent - the biggest since November 2018, according to CoinMarketCap.
The total market capitalization of all cryptocurrencies has currently shed nearly 13.7 percent on a month-to-date basis, standing at $215 billion at press time.
Ethereum's native cryptocurrency ether is currently reporting a monthly gain of 0.30 percent.
Bitcoin SV is the worst performing cryptocurrency this month, with a 35 percent monthly drop.
The bullish momentum ran out of steam in the following two weeks, leaving BTC directionless despite the strengthening narrative that the surging hash rate or computing power would draw bids for the cryptocurrency.
The cryptocurrency is currently reporting marginal monthly gains at press time.
The cryptocurrency had rallied from $178 to $222 in the 12 days to Sept. 19, before falling back to lows below $170 last week.
Ether's price rise seen in the second and the third week of September had seemed to bode well for other alternative cryptocurrencies.
As of writing, ether's bitcoin-denominated exchange rate is seen at 0.02145 BTC. Disclosure: The author holds no cryptocurrency assets at the time of writing.
Ether Outshines Bitcoin in a Gloomy Month for Crypto Prices
gepubliceerd op Sep 30, 2019
by Coindesk | gepubliceerd op Coinage
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