Ether Below $2,300: Twice as Weak as Bitcoin

Ether trades at $2,297.96, down 4.38 percent from where it stood 24 hours earlier. Bitcoin lost 2.41 percent over the same period, to $79,543. The second-largest cryptocurrency is falling almost twice as fast as the largest, and in doing so it has slipped below the $2,300 mark that traders have treated as a floor for weeks. For investors, the gap between the two moves matters more than either percentage on its own. It decides whether you are looking at a broad market decline or at weakness that mainly concerns Ether.