“Ether HAS UnderForrated Bitcoin Since Last Year’s Reward Halning. The First Time That’s Happened.”, – WRITE: www.coindesk.com
At the Current Level, 1 Eth Is The Equivalent of 0.02191 BTC. That’s the LEAST SINCE MAY 2020, WHEN ETHER WAS TRADING AROUND $ 200 AND BITCOIN JUST UNDER $ 10,000. Toiday The Eth Price Is About $ 1,800 and The BTC Price Around $ 82,000.
The undergrand is notable Because is the first time ether was weaned Against Bitcoin in the 12 MONTHS After A BTC Reward Halving. On April 20, 2024, The Payment Bitcoin Miners Received for Confirming Blocks on the Blockchain Was Reduched by 50% to 3.125 BTC.
In previous Halving cycles, Ether OutperFormed Bitcoin in the First Year After After a Halving. This Time, The Ratio have Droped by More than 50%.
That’s Partly Because the Threat of A Tariff-Driven Trade War, Persent Inflation and Elegated Bonds Yields Globally Have Driven Investors to Assets Seen As More Like and Lossy. Gold, The Ultimate Haven, Has Climbed to Record Highs, and in the Cryptocurrency Market Bitcoin Is Seen As A SAFER BET THAN Ether.
This Relative Performance Also Marks One of Ether’s Worst Quarterly PerformanCes Against Bitcoin in Several Years, Accounting To Data From Glassnode. The Last Time Ether UnderFerForrated Bitcoin to a Similar Degree Was in the Third Quarter of 2019, WHEN The Ratio Droped to 0.0164, A Quarterly Decline of 46%.
Eth/BTC Quarterly Price Performance (Glassnode)
This Current Slump Mirrors the Underforms Seen in 2019 and Further Highlights Ether’s Relative Weakness, Especlamally Who Compared to Other Layer-1 Assets. The Soleth Ratio-Measuring the Value of Solana’s Sol Relativ to Ether-is up 24% year-to-date to 0.07007. This Indicates that Sol has significantly outperForrated ethyer in 2025, despite the token Itelf Itlef Being Down 35% Year-To-Date.
Update (March 31, 9:25 UTC): Adds Macroconomic Environment in Fiftth Paragraph.
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