Bitcoin

Ethereum

The analysts in the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency sector</a> typically rely on <a href="https://finbold.com/guide/chart-patterns/" rel="noopener noreferrer nofollow">chart patterns</a> to try and gauge the price of digital assets in the future, but often interesting trends arise that demonstrate the relationship between some of these assets, including the two largest <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrencies</a> by market capitalization – Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) and Ethereum (<a href="https://finbold.com/cryptocurrency/ethereum/" rel="noopener noreferrer nofollow">ETH</a>).Indeed, despite the price of both <a href="https://finbold.com/topic/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> and <a href="https://finbold.com/guide/how-to-buy-ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> being significantly higher today than six years ago, their correlation is at the same level – one BTC is currently worth 15 ETH, as it was at the time, according to the recent data noted by the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> analyst PlanB and <a href="https://twitter.com/100trillionUSD/status/1648990219675353090" rel="noopener noreferrer nofollow">shared</a> on April 20.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/87487e40ddf94ae694d09fe75cfff0ec.png" />Bitcoin price expressed in Ethereum. Source: <a href="https://twitter.com/100trillionUSD/status/1648990219675353090" rel="noopener noreferrer nofollow">PlanB</a><h2 id="header-0">Bitcoin vs. Ethereum price analysis</h2>Specifically, the period to which this crypto analyst was referring is May 2017, when one Bitcoin was worth around 15 Ethereum, or roughly $2,000. At the same time, Ethereum was changing hands at around the $130 mark, as the historical price charts on <a href="https://finbold.com/guide/best-crypto-data-websites/#CoinMarketCap" rel="noopener noreferrer nofollow">CoinMarketCap</a> indicate.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/0fbc100b65ce4cbbb2b4bc1a1a7af42d.png" />Bitcoin price in Ethereum in May 2017. Source: <a href="https://coinmarketcap.com/currencies/bitcoin/btc/eth/" rel="noopener noreferrer nofollow">CoinMarketCap</a>As things stand, Bitcoin is worth 14.66 ETH, taking into account the price of the flagship decentralized finance (<a href="https://finbold.com/guide/liquidity-mining-definition/" rel="noopener noreferrer nofollow">DeFi</a>), which at press time amounted to $28,926, while Ethereum is currently trading at the price of $1,973, according to the latest data retrieved by <a href="https://finbold.com/" rel="noopener noreferrer nofollow">Finbold</a> on April 20.Bitcoin’s price at present demonstrates a decline of 1.02% in the last 24 hours, as well as a 3.27% drop across the week, while still clinging to the 3.57% gains of the past 30 days. On the other hand, Ethereum’s price reflects a 0.25% decline on the day but an increase of 2.75% in the last week, while its gains on the monthly chart amount to 13.11%.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Historical pattern emerges as Bitcoin value equals 15 ETH again after 6 years

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