为什么以太坊价格下降了比特币？

以太坊和比特币是市场上两个最好的加密货币，每个加密货币都有不同的图像和用例。有趣的是，在实用性方面，ETH被认为是更好的，但是同样的效用正在限制其性能。

The Ethereum price trajectory has been bearish for quite some time, and the market's turmoil just advanced the intensity. The struggles are similar for Bitcoin, but its digital gold status, U.S. Strategic Bitcoin Reserve discussion, and other factors are supporting the recovery. As a result, the ETHBTC pair is declining lower, hitting a 5-year low.

以太坊的价格轨迹一直是看跌的一段时间，而市场的动荡却提高了强度。比特币的斗争相似，但是其数字黄金地位，美国战略比特币储备的讨论以及其他因素支持恢复。结果，ETHBTC对下降了下降，达到5年低点。

Why Is Ethereum Price Declining Against Bitcoin?

为什么以太坊价格下降了比特币？

Ethereum and Bitcoin are the two best cryptos in the market, and each has a different image and use case. Interestingly, ETH has been considered far better in terms of utility, but the same utility is limiting its performance.

以太坊和比特币是市场上两个最好的加密货币，每个加密货币都有不同的图像和用例。有趣的是，在实用性方面，ETH被认为是更好的，但是同样的效用正在限制其性能。

Crypto analyst and CEO & co-founder of Coin Bureau, has brought attention to this matter. In a detailed X post, he revealed that the Ethereum price is having a rough year, declining to a 5-year low. It is currently at 0.019 BTC and has declined nearly 125% from the peak of 0.089 BTC in 2022.

Coin Bureau的加密分析师兼首席执行官兼联合创始人引起了人们对此事的关注。在详细的X帖子中，他透露，以太坊价格的年份艰难，跌至5年的低点。它目前为0.019 BTC，与2022年的0.089 BTC的峰值下降了近125％。

This happened due to profitability divergence, Ethereum's MVRV Slip, demand disparity, and much more. Puckrin highlighted that Bitcoin holders are carrying higher unrealized gains than the ETH ones for the unprecedented 812 days.

这是由于盈利能力差异，以太坊的MVRV滑移，需求差异等引起的。 Puckrin强调，比特币持有人在前所未有的812天中比ETH的收益更高。

Adding to that, Ethereum's MRRV dipped below 1.0. Although this data is for March, it reveals that the investors are struggling.

除此之外，以太坊的MRRV下降到1.0以下。尽管此数据是三月份的，但它表明投资者正在挣扎。

Bitcoin & Ethereum Differences Are The Catalysts For ETH's Price Decline

比特币和以太坊差异是ETH价格下跌的催化剂

Now, as the DeFi TVL is stagnant, the hype of NFTs has cooled off, and there’s low demand for Ethereum, hence affecting its price.

现在，随着Defi TVL停滞不前，NFT的炒作已经冷静下来，对以太坊的需求较低，因此会影响其价格。

Not to mention, the increasing blockchain competition from both Layer 1 and Layer 2 is behind the drop. Lastly, the decline in the ETH price against Bitcoin is due to BTC's exchange-traded funds, as all the big money is moving towards that. However, the same did not happen with ETH ETFs

更不用说，第1层和第2层的区块链竞争不断增加。最后，由于BTC的交易所交易资金，对比特币的ETH价格下跌是由于所有巨额资金都在朝着这方面迈进。但是，ETH ETF并没有发生同样的事情

Ethereum (ETHBTC) Price To Rally If This Happened

如果发生这种情况，以太坊（ETHBTC）的价格

The crypto market crash is still persistent, with a few digital currencies succeeding with minor recovery. Trump's tariff battles and rising recession odds are affecting digital assets. Interestingly, Puckrin believes the global liquidity would save this but not the ETH price against Bitcoin.

加密货币市场崩溃仍然持久，其中一些数字货币成功恢复了。特朗普的关税斗争和衰退的上升赔率正在影响数字资产。有趣的是，Puckrin认为全球流动性可以节省这一点，但不能节省对比特币的ETH价格。

Global liquidity will flood into all risky assets, including Bitcoin. Indeed, if many of the above factors continue to dog Ethereum, this liquidity will still favour Bitcoin.

全球流动性将涌入包括比特币在内的所有风险资产。确实，如果上述许多因素继续养育以太坊，这种流动性仍然会有利于比特币。

Although Bitcoin's price recovery would be far better, the rising liquidity would also help ETH recover, giving better ETHBTC pair performance.

尽管比特币的价格恢复会好得多，但流动性上升也将有助于ETH恢复，从而提供更好的ETHBTC对表现。

Frequently Asked Questions (FAQs)

常见问题（常见问题解答）

1. Why is Ethereum's price sliding against Bitcoin?

1。为什么以太坊的价格降低了比特币？

2. How is the ETHBTC pair performing today?

2。今天的ETHBTC对表现如何？

3. How does Bitcoin's narrative impact its performance over Ethereum?

3。比特币的叙事如何影响以太坊的表现？