ETH: ETH/BTC Market Cap Ratio
Ethereum ETH/BTC Market Cap Ratio was 0.173 on 8 Nov 2026 (latest daily value).
The market value of all ETH as a ratio of the market value of all BTC.
Why use it. A cleaner comparison of the two networks than the price ratio, because it counts each chain's issued supply. How to read it. A reading of 0.25 means Ethereum's market cap is a quarter of Bitcoin's. A rising line means Ethereum is gaining value relative to Bitcoin.
Calculation. ETH circulating supply x the ETH hourly close / (BTC issued coins x the BTC hourly close), from CryptoKeyhole's own hourly USD indexes and each chain's own node. From 8 August 2015. Only finalized blocks and completed UTC hours are counted; the open day is a labelled partial, updated hourly, and replaced by the final value once the day closes. Computed by CryptoKeyhole from its own Ethereum execution and consensus nodes: every finalized block since the genesis block on 30 July 2015 and the consensus layer's ledger, with USD values from CryptoKeyhole's own hourly index of public exchange markets. Periods are UTC.