Three Driving Forces Behind the Ether-Bitcoin Exchange Rate

From cmegroup.com Watch this video at https://www.cryptocraft.com/news/1234680-three-driving-forces-behind-the-ether-bitcoin-exchange-rate.

Together, ether and bitcoin account for over 60% of the total value of the world’s cryptocurrencies, but the exchange rate between the two has varied widely over time. So, what drives the Ether-Bitcoin exchange rate? The ETHBTC cross rate responds to many factors, but here are three of them. On days when the tech heavy Nasdaq 100 index rallies, ether tends to rise versus bitcoin. This may be because ether, which is the currency of the Ethereum smart contract network, has more practical applications in the technology space than bitcoin, which is mainly held as a store of value and a medium of exchange. On days when the U.S. dollar is higher, ether tends to underperform versus bitcoin.