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IMO, this happened because of the Ethereum ICO fever. While there are a number of exchanges that allow you to trade USD -> BTC, there aren't as many that allow
by ihalip 9y ago
IMO, this happened because of the Ethereum ICO fever. While there are a number of exchanges that allow you to trade USD -> BTC, there aren't as many that allow trading USD -> ETH. So there are people who might have traded USD -> BTC -> ETH, and this increased demand for BTC.
- eightysixfour 9y agoYou can check this thesis pretty easily: https://coinmarketcap.com/currencies/volume/24-hour/ https://coinmarketcap.com/currencies/volume/24-hour/ As you can see, ETH <-> Fiat pairings have more volume than BTC -> ETH right now.