Ethereum

Bitcoin

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<p>The ongoing bear market continues to rage on, with <a href="https://u.today/vitalik-buterin-transfers-half-million-in-eth-to-major-exchange-while-ethereum-price-soars" rel="noopener noreferrer nofollow">Ethereum (ETH)</a>, the chief altcoin, hitting a new low against Bitcoin (BTC). According to recent <a href="https://www.tradingview.com/chart/yAgtHh3T/?symbol=BINANCE%3AETHBTC" rel="noopener noreferrer nofollow">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.&nbsp;</p> 
<img 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"> 
<h2 id="ethereum-s-declining-dominance">Ethereum's declining dominance</h2> 
<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 href="https://u.today/ethereum-eth-might-finally-surpass-bitcoin-btc-by-market-cap-analyst-displays-four-scenarios" rel="noopener noreferrer nofollow">"flippening"</a>—a term used to describe Ethereum surpassing Bitcoin in market capitalization—the digital currency has not managed to achieve this milestone yet.&nbsp;</p> 
<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 href="https://u.today/sec-attacking-smaller-defi-projects-whats-happening" rel="noopener noreferrer nofollow">decentralized finance (DeFi)</a>. However, in the current bear market, Ethereum appears to be losing its footing once again.</p> 
<h2 id="the-current-state-of-the-market">The current state of the market</h2> 
<p>CoinGecko's latest data shows a <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">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>

Ethereum (ETH) Reaches 2023 Low Against Bitcoin (BTC)

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