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The ETH/BTC ratio has fallen to a five-year low as Ethereum has dropped to $1,400 amid a broader crypto market slump.
Ethereum has only outperformed Bitcoin for 15% of all trading days since its launch almost a decade ago, according to analysts.
Since Ether (ETH) began trading in mid-2015, it has underperformed against Bitcoin (BTC) 85% of the time, analyst James Check said in an April 8 X post.
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Data shared by Check shows that Ether significantly outperformed Bitcoin in its early years from mid-2015 to around mid-2017, and it had two short periods in late 2019 and early 2020 when the ETH to BTC ratio was in Ether’s favor.