Cryptocurrency News

How low can Ethereum price drop versus Bitcoin amid the DeFi contagion?

06/27/2022

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2022.06.27 01:01

How low can Ethereum price drop versus Bitcoin amid the DeFi contagion?

Ethereum‘s native token Ether (ETH) has declined by more than 35% against Bitcoin (BTC) since December 2021 with a potential to decline further in the coming months.

The ETH/BTC pair’s bullish trends typically suggest an increasing risk appetite among crypto traders, where speculation is more focused on Ether’s future valuations versus keeping their capital long-term in BTC.

Ethereum TVL wipe-out

Bitcoin struggling but stronger than Ether

06/27/2022

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Bitcoin (BTC) $ 96,434.84 0.05%

Ethereum (ETH) $ 2,761.20 2.95%

XRP (XRP) $ 2.56 0.97%

Tether (USDT) $ 1.00 0.02%

BNB (BNB) $ 666.82 1.88%

Solana (SOL) $ 170.84 0.39%

USDC (USDC) $ 1.00 0.01%

Dogecoin (DOGE) $ 0.244193 0.59%

Cardano (ADA) $ 0.767723 0.44%

Lido Staked Ether (STETH) $ 2,755.07 2.87%

TRON (TRX) $ 0.241746 1.47%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 96,395.83 0.02%

Chainlink (LINK) $ 17.80 1.19%

Wrapped stETH (WSTETH) $ 3,290.92 2.79%

Avalanche (AVAX) $ 25.60 1.26%

Sui (SUI) $ 3.40 1.45%

Stellar (XLM) $ 0.330908 0.52%

Litecoin (LTC) $ 126.10 2.93%

the-open-network

Toncoin (TON) $ 3.77 4.83%

Shiba Inu (SHIB) $ 0.000016 2.20%

LEO Token (LEO) $ 9.70 0.30%

hedera-hashgraph

Hedera (HBAR) $ 0.213565 1.42%

MANTRA (OM) $ 8.59 12.86%

USDS (USDS) $ 1.00 0.16%

Hyperliquid (HYPE) $ 24.23 2.41%

Polkadot (DOT) $ 5.04 2.71%

WETH (WETH) $ 2,760.57 2.88%

Bitcoin Cash (BCH) $ 326.13 2.14%

Bitget Token (BGB) $ 5.14 1.48%

Ethena USDe (USDE) $ 0.999809 0.11%

Wrapped eETH (WEETH) $ 2,928.64 2.96%

Uniswap (UNI) $ 9.00 2.64%

Monero (XMR) $ 235.57 1.86%

NEAR Protocol (NEAR) $ 3.46 0.07%

Pepe (PEPE) $ 0.000009 2.76%

WhiteBIT Coin (WBT) $ 27.43 0.20%

Aave (AAVE) $ 246.04 1.39%

Ondo (ONDO) $ 1.15 1.29%

Bittensor (TAO) $ 432.09 1.55%

Aptos (APT) $ 5.98 0.93%

internet-computer

Internet Computer (ICP) $ 7.16 0.49%

Dai (DAI) $ 0.999886 0.01%

Official Trump (TRUMP) $ 16.22 0.72%

Ethereum Classic (ETC) $ 20.57 1.63%

Mantle (MNT) $ 0.91284 2.87%

tokenize-xchange

Tokenize Xchange (TKX) $ 38.04 3.03%

OKB (OKB) $ 49.43 0.65%

gatechain-token

Gate (GT) $ 23.40 0.89%

sUSDS (SUSDS) $ 1.04 0.13%

coinbase-wrapped-btc

Coinbase Wrapped BTC (CBBTC) $ 96,569.87 0.11%