ETH/BTC Ratio Drops to Lowest Point Since April 2021
CryptoNewsTerminal Staff15 Sep, 2024
ETH/BTC Ratio Drops to Lowest Point Since April 2021
The ETH/BTC ratio, which measures the price of Ethereum (ETH) relative to Bitcoin (BTC), has fallen to its lowest level since April 21st, 2021. According to data from U.today, the ETH/BTC ratio briefly dipped below 0.04 on Binance, the world's largest cryptocurrency exchange. This represents a significant decline from its all-time high of 0.1238, which was reached in January 2018. The ETH/BTC ratio has been trending downwards since the beginning of the year, as the price of BTC has outpaced that of ETH. This trend is likely to continue in the short term, as BTC is seen as a more stable investment than ETH. However, the long-term outlook for ETH is still positive, as it is the second-largest cryptocurrency by market capitalization and it has a strong development team.
