Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»A decline in the ETH/BTC ratio shows Bitcoin’s rising market dominance.
ETHEREUM NEWS

A decline in the ETH/BTC ratio shows Bitcoin’s rising market dominance.

By Crypto FlexsDecember 3, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
A decline in the ETH/BTC ratio shows Bitcoin’s rising market dominance.
Share
Facebook Twitter LinkedIn Pinterest Email

The Ethereum (ETH) to Bitcoin (BTC) ratio (ETH/BTC) is a pivotal indicator that provides insight into the relative strength and market power of the two largest cryptocurrencies. This ratio, which represents the value of one Ethereum in terms of Bitcoin, serves as an important tool for investors and analysts to gauge comparative performance and sentiment towards these digital assets.

Historically, this ratio has experienced significant fluctuations. Ethereum’s value reached an all-time high in June 2017, when it significantly surpassed Bitcoin’s value. Conversely, the ratio hit an all-time low in December 2016, reflecting a period when Ethereum’s value fell significantly relative to Bitcoin.

The graph shows the ETH/BTC ratio in May. January 1, 2016 – November 28, 2023 (Source: TradingView)

However, the overall volatility of this ratio, as measured by the standard deviation of past closing prices, is relatively modest. This indicates that BTC and ETH generally mirror each other’s market trends, so their prices often move in parallel.

The synchronized movement of BTC and ETH is the decisive factor behind the observed stability of the ETH/BTC ratio. When both cryptocurrencies experience similar bullish or bearish trends, their ratios remain balanced, highlighting the interdependence of market movements. This phenomenon is evidence of the interconnectedness of cryptocurrency markets, with major currencies often sharing similar market sentiment and external influences.

From January 2020 to October 2022, the ETH/BTC ratio was on the rise, largely due to expectations surrounding the merger that would see Ethereum transition to a proof-of-stake consensus mechanism. This significant upgrade to the Ethereum blockchain was seen as a pivotal step toward improving efficiency and scalability, potentially increasing its value compared to Bitcoin.

However, after October 2022, the ratio showed a decreasing trend. This decline may be a market correction following high expectations for the Merge, or it may be a reflection of broader market trends affecting both cryptocurrencies. Additionally, Ethereum’s growth or decline in value during this period was not as pronounced as Bitcoin, showing a decline in its relative value.

Graph showing ETH/BTC ratio from October 2022 to November 2023 (Source: TradingView)

The ETH/BTC ratio provides important insights into the current dynamics of the market. The relatively low ratio can be mainly attributed to the larger price appreciation of Bitcoin than Ethereum. YTD, Bitcoin is up 126%, while Ethereum’s growth, while noticeable, is relatively low at 69%. This growth rate differential has been a key factor in suppressing the ETH/BTC ratio.

Ethereum Bitcoin price YTD
Graph showing YTD percentage returns for Bitcoin (BTC) and Ethereum (ETH) (Source: TradingView)

The different trajectories of the price show that Bitcoin’s market power is increasing. While Ethereum continues to play an important role in the cryptocurrency ecosystem, particularly as a home for DeFi, Bitcoin’s larger price increases are becoming more prominent and highlight greater investor confidence. This trend is reflected in the ETH/BTC ratio, which serves as an indicator of Bitcoin’s stronger position compared to Ethereum.

The movement in the ratio clearly indicates that the balance of power within the cryptocurrency market is changing, with Bitcoin currently playing a more dominant role.

The post ETH/BTC Ratio Declines Shows Bitcoin’s Rising Market Dominance appeared first on CryptoSlate.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Next chapter of ecosystem support program

August 31, 2025

Kindly, MD’s $ 5B Bitcoin Play comes as DATS raises fear of wider Altcoin fluidity.

August 27, 2025
Add A Comment

Comments are closed.

Recent Posts

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025
Most Popular

OpenAI and WAN-IFRA launch global AI accelerator for newsrooms

May 30, 2024

SEC approves 8 spot Ethereum ETFs, ETH market rejoices

May 23, 2024

Ronin, $9.8 million in exploitation damage, bridge temporarily suspended

August 7, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.