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Ethereum (ETH), 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.
HOT Stories Michael Saylor Issues Mysterious Post As Bitcoin Breaks Out: 'Meet Me At The Top' Bitcoin Breakout Euphoria Thrashed by Legendary Trader Peter Brandt $150,361,090 XRP Mystery Stuns Community, Here's What's Really Behind It Bitcoin to Behave Similarly to Gold for Next Few Thousand Years: US Government’s Top Crypto ExecutiveEarlier today, the Ether price slipped to a new yearly low of $1,411. The altcoin is now on the cusp of dropping below the $1,400 level for the first time since March 2023.
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 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%.