Ethereum sees a poor performance against Bitcoin, with its trading pair reaching a 4-year low. The king of altcoins fell by 2.48% as well.
As such, Ethereum has continued to struggle against Bitcoin as BTC.Dominance pushed the pair to recent lows.
With the ETH/BTC ratio dropping to 0.031, it has erased all gains realized over the past four years. Historically, the pair peaked at 0.087 in 2021, when the market saw a strong upsurge in altcoins.Factors behind this decline
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