Note that Ethereum has collapsed from $21.50 to $7.88 or -63% following a series of hacks, forks and bugs. $1 billion in market cap is gone from Ethereum, and

Note that Ethereum has collapsed from $21.50 to $7.88 or -63% following a series of hacks, forks and bugs. $1 billion in market cap is gone from Ethereum, and a large part of that has probably moved into old, boring, reliable Bitcoin. Note that the ETHBTC pair dropped from a high of 0.037 to 0.010, or -73%. Since the dollar has strengthened during this time due to Brexit and Trump, you would expect ETHUSD to be more severe. The fact that ETHBTC has been hurt even more may indicate that there's more driving Bitcoin demand than just rotation out of Ethereum.