ETH/BTC ratio falls to 14-month low

According to TradingView data, the ETH/BTC ratio fell to around 0.0602 yesterday, the lowest value since July last year, falling to a 14-month low. Marcus Thielen, head of strategy and research at Matrixport, said that Ethereum's protocol revenue has been declining over the past three months and expects BTC to continue to outperform the broader crypto market, including ETH. Crypto analyst Benjamin Cowen said that ETH's valuation relative to BTC may collapse. (CoinDesk)