Cryptocurrency News

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

06/28/2022

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2022.06.28 03:36

How low can ETH 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

06/28/2022

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Bitcoin (BTC) $ 66,993.95 1.78%

Ethereum (ETH) $ 2,623.13 2.79%

Tether (USDT) $ 0.999762 0.02%

BNB (BNB) $ 593.81 1.87%

Solana (SOL) $ 166.48 0.40%

USDC (USDC) $ 0.999826 0.09%

XRP (XRP) $ 0.53276 3.35%

Lido Staked Ether (STETH) $ 2,622.93 2.77%

Dogecoin (DOGE) $ 0.140806 2.41%

TRON (TRX) $ 0.159622 1.26%

the-open-network

Toncoin (TON) $ 5.23 0.74%

Cardano (ADA) $ 0.359194 0.45%

Avalanche (AVAX) $ 27.64 1.73%

Wrapped stETH (WSTETH) $ 3,103.90 2.61%

Shiba Inu (SHIB) $ 0.000018 2.96%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 66,914.93 1.67%

WETH (WETH) $ 2,623.88 2.77%

Chainlink (LINK) $ 12.15 3.56%

Bitcoin Cash (BCH) $ 357.26 3.06%

Polkadot (DOT) $ 4.32 3.06%

Uniswap (UNI) $ 8.07 6.12%

Dai (DAI) $ 0.999546 0.09%

NEAR Protocol (NEAR) $ 4.66 4.81%

Aptos (APT) $ 10.87 10.13%

LEO Token (LEO) $ 6.06 0.19%

Sui (SUI) $ 1.93 6.59%

Litecoin (LTC) $ 70.15 3.40%

Wrapped eETH (WEETH) $ 2,760.05 2.60%

Pepe (PEPE) $ 0.00001 2.62%

Bittensor (TAO) $ 551.62 2.89%

internet-computer

Internet Computer (ICP) $ 7.89 2.50%

Artificial Superintelligence Alliance (FET) $ 1.36 2.95%

Kaspa (KAS) $ 0.136334 4.17%

Monero (XMR) $ 154.83 0.99%

Ethereum Classic (ETC) $ 19.08 3.66%

Stellar (XLM) $ 0.095279 1.54%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.365179 2.85%

first-digital-usd

First Digital USD (FDUSD) $ 0.999744 0.04%

Stacks (STX) $ 1.79 3.47%

WhiteBIT Coin (WBT) $ 17.83 0.23%

Ethena USDe (USDE) $ 1.00 0.05%

Immutable (IMX) $ 1.51 5.41%

dogwifhat (WIF) $ 2.43 5.29%

OKB (OKB) $ 40.22 1.19%

Arbitrum (ARB) $ 0.580565 2.15%

Aave (AAVE) $ 151.20 2.53%

Filecoin (FIL) $ 3.79 2.55%

Optimism (OP) $ 1.72 2.15%

crypto-com-chain

Cronos (CRO) $ 0.07704 1.48%

injective-protocol

Injective (INJ) $ 20.90 3.84%