Ethereum plunges to the lowest level against Bitcoin since early 2020 Advertisement Ethereum (ETH),willbet online casino the leading altcoin by market capitalization, keeps collapsing against Bitcoin (BTC).
AdvertisementEarlier this Tuesday, the ETH/BTC pair tanked to a multi-year low of 0.01896 BTC. It is on track to record five consecutive months in the red.
ETH/BTC is now down more than 50% in 2025, and its relentless plunge continues.
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AdvertisementAccording to CoinGecko data, Ethereum (ETH) is the worst-performing cryptocurrency over the past 24 hours. It has underperformed meme coin Dogecoin (DOGE) and Cardano (ADA).
Meanwhile, Bitcoin's dominance is now well above the 60% level.
The ongoing stock market crash
The prices of major cryptocurrencies dropped sharply earlier this Tuesday amid rapidly escalating trade tensions. The US tariff rate on imports from China is set to skyrocket to a staggering 104%.
The shares of tech giant Apple (APPL) have dropped by 5%. Microsoft (MSTF) has now reclaimed the spot of the most valuable company in the world.
Meanwhile, bearish investor Mark Spitznagel is now predictingthat the stock market will go down 80%.