Ether Gains on Bitcoin as ETH/BTC Ratio Climbs to 0.02954

Ether (ETH) strengthened against Bitcoin (BTC) to an intraday ETH/BTC ratio of 0.02954 on Nov. 3, a seven-day high that brought the pair closer to 0.03. The ratio was up 2.3% from 0.02887 on Oct. 29 to the Nov. 3 intraday reading. It remained about 1.6% below 0.03 and measures how much BTC one ETH can buy. From Nov. 1 to Nov. 2 closing prices, BTC fell about 2% to $76,677 from $78,248, while ETH declined 1.1% to $2,249 from $2,273. Because Ether fell less over that window, an ETH holder could exchange for nearly 1% more BTC than a day earlier. The ratio's move follows the pair's Oct. 19 close below 0.03 . Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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