 | ETH just hit a brand new 3 and a half year low against BTC after touching .03462 beating it's last 3 and a half year low of .03465 set just 8 days ago on Nov. 06th 2024. (.03462 means 1 eth is worth 3.46% of 1 BTC. ) In fact this means ETH has wiped all out gains against BTC since April 2021 when ETH was ~2k and BTC was around ~$60k. Since then ETH has completed the merge moving it from POW to POS and Proto-Danksharding (which dropped the gas cost on L2s). Still in comparing it's value against BTC, ETH has officially lost all of it's bear market gains. https://www.coingecko.com/en/coins/ethereum/btc What you might not know is ETH is not alone lots of alts continue to be down against BTC. Chainlink to BTC is also sitting at a 5 and a half year low. https://www.coingecko.com/en/coins/chainlink/btc Perhaps one of the worst performing alts and sub darling, DOT continues to hover near an ATL against BTC. https://www.coingecko.com/en/coins/polkadot/btc This list is not comprehensive but many alts are barely above recent bear market lows. Just for fun I'll also include the Moon to BTC Chart which isn't great but is somehow better looking than a lot of the alts. [link] [comments] |
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