Despite institutional adoption and historic rallies, the ETH/BTC ratio remains below 0.05
According to a report by Jinse Finance, as disclosed by Cointelegraph, the ETH/BTC ratio is used to compare the price of ETH to BTC; the higher the ratio, the stronger ETH is relative to BTC; the lower the ratio, the weaker ETH is. The Ethereum-Bitcoin (ETH/BTC) ratio measures the performance of Ethereum's price relative to Bitcoin's price. Although institutions have started to adopt Ethereum, according to data from CoinGecko, the ETH/BTC ratio has remained below 0.05 since July 2024. The ratio peaked in June 2017, reaching an all-time high of 0.14. Currently, the ratio stands at 0.039, down again from 0.04 in August.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Michael Saylor releases Bitcoin Tracker information again, may disclose additional holdings data next week
Glassnode: After bitcoin stabilized, investor panic subsided and funds began flowing into call options
Two Casascius physical coins dormant for 13 years suddenly moved, with 2,000 BTC transferred
Data: The average cash cost to mine one bitcoin has reached $74,600
