ETH/BTC Falls Below 0.02, Hitting Lowest Ratio Since Early 2020

In Brief:

ETH/BTC dropped to 0.0198 this morning, its weakest level in over five years.

The ratio signals continued underperformance of Ethereum relative to Bitcoin.

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Market data shows that the Ethereum-to-Bitcoin exchange rate (ETH/BTC) fell below the critical 0.02 threshold earlier today, marking its lowest point since February 2020. As of this morning, the pair touched 0.0198, continuing a prolonged decline in Ethereum’s relative valuation.

The ETH/BTC ratio is often viewed as a key metric of altcoin strength versus Bitcoin. A drop below 0.02 indicates a strong dominance by Bitcoin amid uncertain macro and crypto sector conditions. Ethereum has recently struggled with weakening sentiment despite upcoming developments and ETF exposure.

At the same time, Bitcoin has seen stronger institutional flows and is viewed by many as a hedge in times of economic uncertainty, adding to the pressure on ETH’s comparative price performance.

This move follows a broader trend of capital rotation back into BTC from altcoins, especially with upcoming halving narratives and macroeconomic shifts that favor lower-risk digital assets.

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