Bitcoin Sees Record Low in Four-Year Growth Rate

Key Highlights:

The Ethereum-to-Bitcoin ratio (ETH/BTC) has fallen to 0.022, its lowest since 2020. The four-year CAGR is now -6%.
Bitcoin’s four-year CAGR remains positive at 8% but has reached a record low.

Article Overview

Bitcoin’s (BTC) four-year compound annual growth rate (CAGR) has slumped to its lowest recorded figure of 8%, as per Glassnode’s reports. This four-year assessment corresponds with Bitcoin’s halving cycle and typical market trends.

In March 2021, Bitcoin traded at approximately $60,000, around the peak of the last market cycle. Considering the asset’s evolution, such declines in CAGR are anticipated as volatility reduces over time.

The ether (ETH)-to-bitcoin (ETH/BTC) ratio has also turned negative, now at -6%, indicating the underperformance of Ethereum’s native token compared to Bitcoin. This trend correlates with ETH’s stagnant price, which has remained under $2,000 since February 2021.

At this moment, the ETH/BTC ratio is approximately 0.024, touching levels not seen since late 2020.