#BTCvsETH Let's dive into the current state of Bitcoin (BTC) and Ethereum (ETH) ¹:
*Current Prices:*
- Bitcoin (BTC): $117,039.90, down 1.13% in the last 24 hours
- Ethereum (ETH): $3,781.37, up 0.65% in the last 24 hours
*Conversion Rates:*
- 1 BTC = 31.25 ETH (up 0.21% in the last 24 hours)
- 1 ETH = 0.0320 BTC (down 0.67% in the last hour)
*Market Performance:*
- Bitcoin's market volatility is 1.10, while Ethereum's is 2.51, making Ethereum more volatile
- In the last 30 days, Bitcoin's value has increased by 13.8% against Ethereum
*Investment Insights:*
- If you had invested $1,000 in BTC or ETH:
- *BTC*: Worth $998.50 yesterday, $993.68 a week ago, and $1,143.97 a month ago
- *ETH*: Worth $1,006.84 yesterday, $1,271.77 a week ago, and $1,670.04 a month ago
*Key Differences:*
- *Bitcoin*: Focuses on being a digital store of value and medium of exchange, with a limited supply of 21 million coins
- *Ethereum*: A decentralized computing platform that supports smart contracts and decentralized applications (dApps), with a broader range of use cases ²