Ether-Bitcoin Price Ratio Hits 4-Year Low Before Donald Trump's Inauguration
The ether-bitcoin ratio has fallen to its lowest point since March 2021, as ether faced significant losses against bitcoin amidst a surge in BTC prices. One ether is now equivalent to 0.03 bitcoin, nearly 50% lower than the previous year, while bitcoin recorded a notable climb leading up to the inauguration of President-elect Donald Trump. The ratio previously peaked above 0.08 in 2022, highlighting the decline in ETH's value. Factors contributing to this decline include the rising popularity of the Solana blockchain, which has become a favored platform for memecoins. Despite Ether's recent struggles, institutional interest remains strong, as evidenced by World Liberty Financial's accumulation of ETH, suggesting that Ethereum could still be a focal point following bitcoin's ascendancy.
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