Ethereum (ETH) Tanks to March 2023 Levels as ETH/BTC Ratio Plummets to 5-Year Low

The value of the leading altcoin, Ethereum, has plunged to its lowest point since March 2023, signaling a steep decline in market confidence. This has happened amid the broader market’s downturn, which was exacerbated by Donald Trump’s Liberation Day. Compounding the bearish sentiment, the ETH/BTC ratio has now dropped to a five-year low, indicating that Bitcoin is gaining relative strength against Ethereum.   ETH/BTC Ratio Hits 5-Year Low as Traders Flee ETH’s price decline has pushed the ETH/BTC ratio to a five-year low of 0 source: https://beincrypto.com/eth-btc-ratio-plummets-to-5-year-low/