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Cryptocurrency ether plunges again, decoupling from bitcoin

Kate Rooney

Bitcoin is up 0.1 percent in the last 30 days, while ether has nosedived 45 percent. “In this case, bitcoin is acting like more of a safe haven for cryptocurrencies — it’s kind of consolidating,” said Mati Greenspan, analyst at cryptocurrency exchange eToro. Pressure could also be coming from short orders, which market intelligence platform CoinFi says are at all-time high.