{"id":159778,"date":"2023-09-21T04:50:30","date_gmt":"2023-09-20T23:20:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=159778"},"modified":"2023-09-21T04:50:30","modified_gmt":"2023-09-20T23:20:30","slug":"ethereum-eth-reaches-2023-low-against-bitcoin-btc-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-eth-reaches-2023-low-against-bitcoin-btc-crypto-news\/","title":{"rendered":"Ethereum (ETH) Reaches 2023 Low Against Bitcoin (BTC) &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div><a rel=\"nofollow noopener\" target=\"_blank\" class=\"article__lead-img--wrapper\" href=\"https:\/\/u.today\/alex-dovbnya\"><\/p>\n<p><\/a><\/p>\n<div class=\"article__lead-info\"><a rel=\"nofollow noopener\" target=\"_blank\" class=\"article__lead-name\" href=\"https:\/\/u.today\/alex-dovbnya\">Alex Dovbnya<\/a><\/p>\n<p>Ethereum (ETH) has hit a new 2023 low against its rival Bitcoin (BTC)<\/p>\n<\/div>\n<\/div>\n<div>\n<p>The ongoing bear market continues to rage on, with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/u.today\/vitalik-buterin-transfers-half-million-in-eth-to-major-exchange-while-ethereum-price-soars\">Ethereum (ETH)<\/a>, the chief altcoin, hitting a new low against Bitcoin (BTC). According to recent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/yAgtHh3T\/?symbol=BINANCE%3AETHBTC\">TradingView data<\/a>, the ETH\/BTC trading pair has plummeted to a low of 0.059 BTC, a stark contrast from its peak of 0.088 BTC in December 2021.\u00a0<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/u.today\/sites\/default\/files\/inline-images\/23423432423.png\" data-entity-uuid=\"47ea0bfe-93b2-4417-942c-5e7a6586e9a5\" data-entity-type=\"file\" alt=\"https:\/\/www.tradingview.com\/chart\/yAgtHh3T\/?symbol=BINANCE%3AETHBTC\" \/><\/p>\n<h2>Ethereum&#8217;s declining dominance<\/h2>\n<p>Ethereum has historically seen its market share decline relative to Bitcoin in bearish conditions. Despite numerous instances when Ethereum came tantalizingly close to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/u.today\/ethereum-eth-might-finally-surpass-bitcoin-btc-by-market-cap-analyst-displays-four-scenarios\">&#8220;flippening&#8221;<\/a>\u2014a term used to describe Ethereum surpassing Bitcoin in market capitalization\u2014the digital currency has not managed to achieve this milestone yet.\u00a0<\/p>\n<p>During bullish phases, Ethereum has shown the potential to catch up with Bitcoin, largely due to its smart contract capabilities and the rise of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/u.today\/sec-attacking-smaller-defi-projects-whats-happening\">decentralized finance (DeFi)<\/a>. However, in the current bear market, Ethereum appears to be losing its footing once again.<\/p>\n<h2>The current state of the market<\/h2>\n<p>CoinGecko&#8217;s latest data shows a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">Bitcoin<\/a> market cap of approximately $525.9 billion, with a price of $26,979. Meanwhile, Ethereum trails with a market cap of about $194.4 billion and a price of $1,617.48. In the last week, Bitcoin saw a moderate growth of 3.2%, whereas Ethereum showed a less impressive growth of 1.1%.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Alex Dovbnya Ethereum (ETH) has hit a new 2023 low against its rival Bitcoin (BTC) The ongoing bear market continues to rage on, with Ethereum (ETH), the chief altcoin, hitting a new low against Bitcoin (BTC). According to recent TradingView data, the ETH\/BTC trading pair has plummeted to a low of 0.059 BTC, a stark [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":159779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-159778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/159778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=159778"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/159778\/revisions"}],"predecessor-version":[{"id":159781,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/159778\/revisions\/159781"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/159779"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=159778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=159778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=159778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}