Cryptocurrency News

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

06/27/2022

Less than a minute

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) $ 103,800.81 0.54%

Ethereum (ETH) $ 3,263.64 4.41%

XRP (XRP) $ 3.16 1.05%

Tether (USDT) $ 0.999445 0.11%

Solana (SOL) $ 252.37 16.33%

BNB (BNB) $ 697.81 3.45%

Dogecoin (DOGE) $ 0.389676 5.56%

USDC (USDC) $ 1.00 0.01%

Cardano (ADA) $ 1.06 5.41%

Lido Staked Ether (STETH) $ 3,262.40 4.42%

TRON (TRX) $ 0.240631 2.41%

Avalanche (AVAX) $ 38.71 4.98%

Chainlink (LINK) $ 23.65 2.83%

Sui (SUI) $ 4.90 1.97%

Stellar (XLM) $ 0.473217 1.25%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 103,515.73 0.67%

Wrapped stETH (WSTETH) $ 3,887.12 4.50%

Shiba Inu (SHIB) $ 0.000022 7.00%

hedera-hashgraph

Hedera (HBAR) $ 0.346057 5.67%

the-open-network

Toncoin (TON) $ 5.20 6.29%

Polkadot (DOT) $ 6.89 6.98%

WETH (WETH) $ 3,266.80 4.46%

Litecoin (LTC) $ 124.60 8.74%

Bitcoin Cash (BCH) $ 462.98 5.86%

LEO Token (LEO) $ 9.48 1.93%

Uniswap (UNI) $ 13.98 5.34%

Bitget Token (BGB) $ 6.77 2.84%

Pepe (PEPE) $ 0.000018 8.28%

Hyperliquid (HYPE) $ 20.02 13.54%

Wrapped eETH (WEETH) $ 3,453.07 4.33%

USDS (USDS) $ 1.00 0.02%

NEAR Protocol (NEAR) $ 5.35 3.67%

Official Trump (TRUMP) $ 30.24 604.50%

Ethena USDe (USDE) $ 0.998389 0.31%

Aptos (APT) $ 9.18 4.57%

internet-computer

Internet Computer (ICP) $ 10.49 5.96%

Aave (AAVE) $ 310.14 4.59%

VeChain (VET) $ 0.050779 7.26%

Ethereum Classic (ETC) $ 26.63 4.49%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.473699 5.80%

Monero (XMR) $ 214.04 7.08%

Render (RENDER) $ 7.35 6.56%

Ondo (ONDO) $ 1.20 5.24%

Algorand (ALGO) $ 0.437065 6.36%

Bittensor (TAO) $ 444.69 6.71%

MANTRA (OM) $ 3.75 3.41%

Kaspa (KAS) $ 0.140345 5.86%

Dai (DAI) $ 1.00 0.02%

crypto-com-chain

Cronos (CRO) $ 0.130609 10.03%

Mantle (MNT) $ 1.03 7.21%