Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k

Ethereum’s value against Bitcoin has reached a four-year low as Bitcoin’s price surpasses $94,000. The ETH/BTC trading pair fell to 0.03302 BTC, marking a significant decline from mid-2023 levels above 0.070 BTC.

ETHBTC (Source: TradingView)

Bitcoin’s recent surge, hitting a new all-time high of $94,300 on Nov. 20, contrasts with Ethereum’s downward trend against Bitcoin. Since mid-2023, Ethereum has consistently lost ground, characterized by lower highs and lower lows on daily charts.

The decline represents a 51.06% drop since May 2023, spotlighting Ethereum’s relative underperformance.

ETHBTC (Source: TradingView)

 

The post Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k appeared first on CryptoSlate.

  • Related Posts

    Agant’s GBPA aims to transform UK’s digital finance landscape with regulatory-first approach
    • November 21, 2024

    In a significant development for the UK’s digital asset ecosystem, Agant is preparing to launch GBPA, a pound sterling stablecoin designed to address the growing demand for regulated digital currency…

    Continue reading
    DCG launches Yuma to fuel decentralized AI innovation with Bittensor
    • November 21, 2024

    Digital Currency Group (DCG) has unveiled Yuma, a new subsidiary dedicated to accelerating startups building decentralized intelligence projects using Bittensor’s infrastructure.  According to the firm’s statement, the move is a…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Agant’s GBPA aims to transform UK’s digital finance landscape with regulatory-first approach

    • By
    • November 21, 2024
    • 0 views
    Agant’s GBPA aims to transform UK’s digital finance landscape with regulatory-first approach

    DCG launches Yuma to fuel decentralized AI innovation with Bittensor

    • By
    • November 21, 2024
    • 1 views
    DCG launches Yuma to fuel decentralized AI innovation with Bittensor

    SEC disburses $4.6 million to BitClave ICO investors amid unresolved fund discrepancies

    • By
    • November 21, 2024
    • 1 views
    SEC disburses $4.6 million to BitClave ICO investors amid unresolved fund discrepancies

    SEC delays decision on Franklin Templeton’s crypto Index ETF to 2025

    • By
    • November 20, 2024
    • 2 views
    SEC delays decision on Franklin Templeton’s crypto Index ETF to 2025

    Indian central bank in ‘no hurry’ to rollout CBDC nationwide

    • By
    • November 20, 2024
    • 2 views
    Indian central bank in ‘no hurry’ to rollout CBDC nationwide

    South Korea bans ETFs tracking crypto-related companies

    • By
    • November 20, 2024
    • 1 views
    South Korea bans ETFs tracking crypto-related companies