ETH/BTC Exchange Rate Hits Five-Year Low, Ethereum Sees First Instance of Underperforming Bitcoin Within One Year of Bitcoin Halving

Blockbeats
31 Mar

BlockBeats News, March 31st, since Bitcoin's block reward halving last year, Ethereum's performance has been less than Bitcoin's for the first time. The ETH/BTC exchange rate dropped to a five-year low of 0.02193. This year, Ethereum has declined 39% relative to Bitcoin.

In May 2020, Ethereum was priced at around $200, with Bitcoin slightly below $10,000. Today, Ethereum is priced around $1,800, while Bitcoin is around $82,000.

The current downturn echoes the poor performance in 2019, further highlighting Ethereum's relative weakness, especially compared to other Layer 1 assets. The SOL/ETH exchange rate has risen 24% year-to-date, reaching 0.07007. This indicates that although the SOL token itself has fallen 35% year-to-date, its performance against Ethereum remains significantly better by 2025.

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