ETH/BTC Ratio Nears 0.03 as Ethereum Gains on Bitcoin

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure One ether bought about 2.3% more bitcoin on November 3 than it did on October 29. That put the ETH/BTC ratio near 0.02954, its highest reading in CoinGecko’s seven-day snapshot. From there, ether needed roughly another 1.6% gain against bitcoin to reach 0.03 BTC. The interesting part is how ether got there. On Monday, ETH gained ground against BTC even as both traded lower in dollars. ONDO, a token traders might look to for a bigger move when ether gains, fell more sharply than either one. The three prices tell a more specific story than a broad altcoin rally: ether showed relative strength, and ONDO had yet to share it. The ETH/BTC Ratio Shows What the Dollar Prices Missed Monday’s Bitcoin news focused on the move below $77,000. Yet even though BTC fell, pricing the two assets in bitcoin reveals something the dollar headlines missed. Between the November 1 and November 2 closes, the Bitcoin price moved from $78,248 to $76,677, a decline of about 2.0%. Ether slipped from $2,273 to $2,249, or about 1.1%. An ETH holder ended Monday with less in dollar terms but could exchange that ethe...