Ethereum Reaches 2023 Low Against Bitcoin
The dominant altcoin Ethereum (ETH), which is currently experiencing a bear market, recently hit a new low against Bitcoin (BTC).
The ETH/BTC trading pair has reportedly fallen to a low of 0.059 BTC, according to recent TradingView data, a sharp decline from its peak of 0.088 BTC in December 2021.
Ethereum’s market share has historically declined in bearish conditions compared to Bitcoin.
Despite numerous attempts to surpass Bitcoin in market capitalization, Ethereum has not yet achieved the “flippening” milestone.
(With inputs from Shikha Singh)
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