Ether has hit a 5-year low against Bitcoin, losing over 55% of its value since its December 2024 peak.
The ETH/BTC pair dropped to its lowest level since May 2020, highlighting Bitcoin's dominance as a safer and stronger cryptocurrency during uncertain times.
Ethereum's development ecosystem decreased by 17% in 2024, while rival blockchain Solana experienced an 83% increase in developers.
Since its peak of $4,105 on December 16, Ethereum has been on a decline, currently trading at $1,818 as of March 29.