The current battle between Bitcoin (BTC) and Ethereum (ETH) is playing out in the market. Here are the latest stats ¹ ²:
- *BTC to ETH Conversion Rate*: 1 BTC is equivalent to approximately 31.51 ETH, with a 0.96% increase in the last 24 hours and a 15.31% increase in the last 30 days.
- *Current Price*: The live conversion rate is 31.48 ETH for every 1 BTC, with a -0.43% change in the past 24 hours.
- *Market Cap*: Bitcoin's market cap is $2.36 trillion, while Ethereum's market cap is $455.73 billion.
Some key differences between the two:
- *Purpose*: Bitcoin is primarily a digital currency, while Ethereum is a decentralized platform for building smart contracts and decentralized applications.
- *Scalability*: Ethereum's scalability issues have led to higher gas fees, while Bitcoin's Lightning Network aims to improve transaction speeds.
- *Adoption*: Bitcoin is more widely accepted as a form of payment, but Ethereum's ecosystem is growing rapidly with the rise of DeFi and NFTs.
*Recent Price Trends*:
- *Bitcoin*: In the last month, Bitcoin's value has increased by 15.3% against Ethereum.
- *Ethereum*: Ethereum's price has fluctuated, with a 24-hour trading volume of $226.885 billion.
Keep an eye on market trends and news for the latest developments in the crypto space ¹ ³ ².
