Morning Edition · Monday, October 5, 2026Published at 1:31 AM EDT · New York

Ether beat bitcoin in the third quarter while its order-book depth fell to as little as 35% of bitcoin's

CoinGecko data shows ether up 70% in the quarter against bitcoin's 42%, while Coin Metrics warns that historical exchange-outflow charts change as analysts identify more exchange wallets.

Ether rose 70% in the third quarter, compared with bitcoin's 42% gain, according to CoinGecko data. Liquidity did not keep pace with price. Between July 6 and September 30, ether's median daily market depth on major exchanges, meaning the v…