{"id":19828,"date":"2025-03-31T09:17:00","date_gmt":"2025-03-31T09:17:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19828"},"modified":"2025-03-31T09:17:00","modified_gmt":"2025-03-31T09:17:00","slug":"ether-bitcoin-slumps-to-5-year-low-van-straten","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19828","title":{"rendered":"Ether-Bitcoin Slumps to 5-Year Low: Van Straten"},"content":{"rendered":"
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Ether (ETH<\/a>), the second-largest cryptocurrency, has dropped 39% this year relative to bitcoin (BTC<\/a>), the largest, taking the ratio between the two to the lowest in almost five years.<\/p>\n

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. Today the ETH price is about $1,800 and the BTC price around $82,000.<\/p>\n

The underperformance is notable because it’s the first time ether has weakened against bitcoin in the 12 months after a BTC reward halving<\/a>. On April 20, 2024, the payment Bitcoin miners received for confirming blocks on the blockchain was reduced by 50% to 3.125 BTC.<\/p>\n

In previous halving cycles, ether outperformed bitcoin in the first year after a halving. This time, the ratio has dropped by more than 50%.<\/p>\n

This relative performance also marks one of ether\u2019s worst quarterly performances against bitcoin in several years, according to data from Glassnode. The last time ether underperformed bitcoin to a similar degree was in the third quarter of 2019, when the ratio dropped to 0.0164, a quarterly decline of 46%. <\/p>\n

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This current slump mirrors the underperformance seen in 2019 and further highlights ether’s relative weakness, especially when compared to other layer-1 assets<\/a>. The SOLETH ratio \u2014 measuring the value of Solana\u2019s SOL<\/a> relative to ether \u2014 is up 24% year-to-date to 0.07007. This indicates that SOL has significantly outperformed ether in 2025, despite the token itself itself being down 35% year-to-date.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ether (ETH), the second-largest cryptocurrency, has dropped 39% this year relative to bitcoin (BTC), the largest, taking the ratio between the two to the lowest in almost five years. 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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19828","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19828"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19828\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}