{"id":181066,"date":"2023-10-26T01:51:31","date_gmt":"2023-10-25T20:21:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=181066"},"modified":"2023-10-26T01:51:31","modified_gmt":"2023-10-25T20:21:31","slug":"ethereum-dominance-against-bitcoin-takes-sharp-dive-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-dominance-against-bitcoin-takes-sharp-dive-crypto-news\/","title":{"rendered":"Ethereum dominance against Bitcoin takes sharp dive – Crypto News"},"content":{"rendered":"

<\/p>\n

Quick Take<\/h2>\n

The evolving dynamics in the cryptocurrency market are clearly reflected in the Ethereum-Bitcoin ratio, which is inching closer to 0.05, a level not seen since mid-2021. Ethereum\u2019s (ETH<\/a>) position against Bitcoin (BTC<\/a>) has been in a steady decline. Notably, it was above 0.07 in early 2023, but the persistent momentum has significantly impacted it, leading to a drop to 0.06 in September of that year.<\/p>\n

ETHBTC Ratio: (Source: Glassnode)<\/figcaption><\/figure>\n

Even as Bitcoin\u2019s dominance surges to 54%,<\/a> a fascinating trend is the endurance of Ethereum\u2019s dominance against Bitcoin, albeit fast diminishing. Historical data, represented by the pink line, showcases Ethereum\u2019s peak dominance at -0.085, typically seen during bull markets when Ethereum outperforms. However, the tables turn in bear markets, with Bitcoin taking the lead.<\/p>\n

\"BTC-ETH
BTC-ETH Market Cap Dominance: (Source: Glassnode)<\/figcaption><\/figure>\n

As current trends suggest, we might be on the verge of a market shift with Bitcoin potentially regaining its dominance in terms of market cap.<\/p>\n

The post Ethereum dominance against Bitcoin takes sharp dive<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Quick Take The evolving dynamics in the cryptocurrency market are clearly reflected in the Ethereum-Bitcoin ratio, which is inching closer to 0.05, a level not seen since mid-2021. Ethereum\u2019s (ETH) position against Bitcoin (BTC) has been in a steady decline. Notably, it was above 0.07 in early 2023, but the persistent momentum has significantly impacted […]<\/p>\n","protected":false},"author":2,"featured_media":181067,"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-181066","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\/181066","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=181066"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181066\/revisions"}],"predecessor-version":[{"id":181068,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181066\/revisions\/181068"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/181067"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=181066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=181066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=181066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}