Ethereum plummets 6% after Bitcoin falls overnight: what’s causing the drop?

Ethereum plummets 6% after bitcoin falls overnight: what’s causing the drop?

The Ethereum price (ETH) has dropped by nearly six percent within a 12-hour span following Bitcoin’s overnight three percent slip from $8,200 to $7,960. Across major cryptocurrency exchanges like BitMEX, Binance, and Coinbase, the price of Ethereum slipped from $173 to $163, recording a large drop following the daily close.