{"id":642396,"date":"2024-09-17T08:00:47","date_gmt":"2024-09-17T08:00:47","guid":{"rendered":"https:\/\/ktsl888.com\/?p=642396"},"modified":"2024-09-17T05:18:32","modified_gmt":"2024-09-17T05:18:32","slug":"ethereum-bitcoin-ratio-breaks-0-04-barrier-could-altcoins-be-at-risk","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/altcoin\/ethereum-bitcoin-ratio-breaks-0-04-barrier-could-altcoins-be-at-risk\/","title":{"rendered":"Ethereum-Bitcoin Ratio Breaks 0.04 Barrier: Could Altcoins Be At Risk?"},"content":{"rendered":"
Today’s Ethereum-Bitcoin (ETH\/BTC) trading pair slid below 0.04, a level last seen in April 2021. The declining ETH\/BTC ratio could have multiple implications for the wider altcoin market.<\/span><\/p>\n
Altcoins Might Suffer Due To Weak Ethereum<\/span><\/h2>\n
One of the key indicators to gauge the resiliency of the altcoin market is the ETH\/BTC ratio. The ratio essentially tracks the relative price strength of Ethereum against Bitcoin and is widely considered a metric that could indicate the future potential price action of altcoins.<\/span><\/p>\n
As of September 16, 2024, the ETH\/BTC ratio sits at 0.039, a level it last touched 3 years ago in April 2021. In fact, after hitting a high of 0.088 in December 2021, the ETH\/BTC ratio has been on a long-lasting decline, barring the occasional dead cat bounce, before further eroding in value.<\/span><\/p>\n