ETH/BTC: what to know
The ETH/BTC rate shows how much BTC you get for 1 ETH. Right now, 1 ETH buys 0.0324 BTC at the mid-market rate. In the other direction, 1 BTC is worth 30.8611 ETH.
In the short term ETH is driven mainly by network activity and crypto-market sentiment, while BTC responds to crypto-market sentiment and liquidity.
Ethereum popularised programmable “smart contracts”. The supply is capped at 21 million coins.
Over the past 12 months the ETH/BTC rate has ranged between 0.0258 and 0.0402 — a change of -18.80% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.