市场等待特朗普的 Memecoin，ETH 兑比特币 (BTC) 跌至 20 个月低点

周日，以太坊 (ETH) 兑比特币 (BTC) 跌至 2021 年 3 月以来的最低水平，因为全球第二大代币对其规模更大的竞争对手扩大了跌幅。

The price of ether (ETH) relative to bitcoin (BTC) fell to its lowest level since March 2021 on Sunday, as the world’s second-largest cryptocurrency continued to lose ground against its dominant peer.

周日，以太坊 (ETH) 相对于比特币 (BTC) 的价格跌至 2021 年 3 月以来的最低水平，因为全球第二大加密货币相对于其主要同行继续下跌。

One ether was trading at 0.03 BTC on Sunday, down nearly 50% from a year earlier, as bitcoin rallied ahead of U.S. President Donald Trump's inauguration. The exchange rate between the two tokens, known as the ratio, peaked at over 0.08 in 2022.

周日，随着比特币在美国总统唐纳德·特朗普就职典礼之前反弹，以太币交易价格为 0.03 BTC，较上年同期下跌近 50%。两种代币之间的汇率（称为比率）在 2022 年达到峰值超过 0.08。

ETH's value proposition has since come under pressure. Bitcoin hit a record high above $109,000 on Monday, up 160% over the past year. Ether, on the other hand, has risen only 40% and is still about 30% below its 2021 peak. Ether tends to rise when traders see value in the Ethereum blockchain, which was the first to offer smart contracts and decentralized finance (DeFi) applications. It weakens when they prefer bitcoin or other blockchains.

此后，ETH 的价值主张面临压力。比特币周一创下历史新高，突破 109,000 美元，较过去一年上涨 160%。另一方面，以太币仅上涨了 40%，仍比 2021 年峰值低约 30%。当交易者看到以太坊区块链的价值时，以太币往往会上涨，以太坊区块链是第一个提供智能合约和去中心化金融（DeFi）应用程序的。当他们更喜欢比特币或其他区块链时，它就会减弱。

“Ethereum has notably underperformed this cycle, especially as Solana gains momentum through the memecoin craze and events like Trump's official memecoin launch on Solana rather than Ethereum,” Min Jung, an investment analyst at Presto Research, told CoinDesk via Telegram.

Presto Research 的投资分析师 Min Jung 通过 Telegram 向 CoinDesk 表示：“以太坊的表现明显低于本周期，尤其是 Solana 通过 memecoin 热潮以及特朗普在 Solana 而不是以太坊上正式推出 memecoin 等事件获得动力。”

“However, World Liberty Financial's recent accumulation of $ETH shows that Ethereum still has a strong appeal to institutions. As the only cryptocurrency other than Bitcoin with an ETF, Ethereum is poised to become the next focal point after Bitcoin,” Jung added. World Liberty Financial is a crypto lending platform that Trump and his sons have promoted.

“然而，World Liberty Financial 最近积累的 ETH 美元表明，以太坊对机构仍然具有强大的吸引力。作为除比特币之外唯一拥有 ETF 的加密货币，以太坊有望成为继比特币之后的下一个焦点。”Jung 补充道。 World Liberty Financial 是特朗普及其儿子推动的加密货币借贷平台。

Bitcoin is not only hitting new lows against its top competitor in digital assets. It has also done the same against competing traditional assets. Bitcoin now costs 40 oz. of gold, or, equivalently, bitcoin's ratio to the gold market cap is now as high as 11.4%.

与数字资产领域的最大竞争对手相比，比特币不仅创下了新低。它也对竞争的传统资产采取了同样的做法。比特币现在售价 40 盎司。黄金的比例，或者换句话说，比特币与黄金市值的比例目前高达 11.4%。