Ethereum Beats Bitcoin in Q3 with 70% Gain, Despite Shrinking Order-Book Depth

Ethereum (ETH) outperformed Bitcoin (BTC) in the third quarter of 2023, with a 70% gain, according to recent market data. This marks a significant turnaround from the previous quarter, where the order-book depth for Ethereum shrunk sharply.

Bitcoin, on the other hand, saw a relatively modest 30% increase during the same period. The performance of both cryptocurrencies is closely watched by investors and analysts, given their market capitalizations and influence on the broader crypto market.

It's worth noting that the order-book depth, which is a measure of the liquidity of a market, decreased significantly for Ethereum in Q3. This could have implications for the stability and volatility of the Ethereum market in the short term.