Why did ETH got hit harder than BTC?

Anyone got idea why would that be?

correction for the run it had right before on top of BTC

Why would ETH be immune to market correction? It's held up the best of all the top 20 market cap coins.

l-le flippening

because BTC was falling since 2 months

ppl spending the eth on altcoins possibly..thinking it was about over.. lolol

ETH is like -35% from it's ATH, BTC is like -60%

ETH stayed up because it's the fastest way to exit. so everyone was pouring their ETH into it so it took longer for ETH to be affected. It's still no where near it's buttom.

Because bitcoin is "the original and the best", branding is important - you think normies are going to invest in ethereum over bitcoin? You think normies are going to invest in a niche crypto if the main crypto is crashing?

Getting your shit coins out through bitcoin takes too long, it's much faster with etherium.

eth lagged btc on the way up so it will do the same on the way down

>nothing should ever go down

Thats only the 24hr. ETH is just playing catch-up.

this

>OP asks a retarded baseless questions
>everyone automatically takes the question as a fact and starts coming up with retarded answers

ETH didn't get hit harder than BTC

eth is still gaining market share

The last tether injection was 600 billion usdt. But btc didnt pump afterwards. Guess which coin did. Now theyre cashing out into real money.

Million*

because ETH is overvalued shitcoin held by naive teenagers that got into crypto year ago

Because the flippening is a meme

If ETH is overvalued, then what the fuck do you call BTC?

eth pumped too hard too fast, plus even at $300 was already expensive

It will get hit just as hard - BTC down 12% at the moment and ETH down 20% - there appears to be a small delay in the correction for ETH.
Brainlet does not understand there is more to a market than just the technicals such as brand and market penetration.
Did someone buy high yesterday getting caught up in the flippening larp and how ETH has decoupled from BTC and the entire Crypto market.

>posting in a brainlet thread

Overvalued. All of it is overvalued for fucks sake you do not need to be an economist to see 3000% gains are not sustainable.

Karma for retards that bought 20x 1080Ti's. I hope Ethereum causes cancer too.

Bitcoin is actually pretty fast currently

why the fuck do you think you stupid fucking ethiest?

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While the phrase dates to at least the early 20th century, the present common usage of disinformation related to software, hardware and technology industries generally appeared in the 1970s to describe disinformation in the computer hardware industry, and has since been used more broadly.

maybe you mean 20 rx580s, because anyone who bought 20 1080ti's would be absolutely retarded to be mining eth with them, they suck balls at dagger hashimoto

The POWH retards accidentally found a critical exploit in ERC20 tokens, which allows you to rob wallets with a simple request.

>WWAAAAHHHHH

Because it's 70% premined and centralized?
Really makes you think

Because ETH/BTC went down and BTC/USD went down so ETH/USD went down more.

It was bad code in the POWH contract, the coin was barely ERC-20 compliant.