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) $ 96,584.88 1.65%

Ethereum (ETH) $ 2,770.35 5.17%

XRP (XRP) $ 2.57 2.18%

Tether (USDT) $ 1.00 0.06%

BNB (BNB) $ 672.29 4.76%

Solana (SOL) $ 172.24 2.12%

USDC (USDC) $ 1.00 0.02%

Dogecoin (DOGE) $ 0.24636 3.59%

Cardano (ADA) $ 0.774383 2.82%

Lido Staked Ether (STETH) $ 2,760.62 4.96%

TRON (TRX) $ 0.237461 0.84%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 96,329.81 1.49%

Wrapped stETH (WSTETH) $ 3,314.61 5.18%

Chainlink (LINK) $ 17.79 3.33%

Avalanche (AVAX) $ 25.83 7.45%

Sui (SUI) $ 3.40 4.76%

Stellar (XLM) $ 0.33585 4.38%

Litecoin (LTC) $ 126.28 0.45%

Shiba Inu (SHIB) $ 0.000016 4.41%

the-open-network

Toncoin (TON) $ 3.69 4.76%

hedera-hashgraph

Hedera (HBAR) $ 0.216292 5.08%

LEO Token (LEO) $ 9.72 0.20%

USDS (USDS) $ 1.00 0.30%

Hyperliquid (HYPE) $ 24.89 1.47%

Polkadot (DOT) $ 5.06 0.99%

WETH (WETH) $ 2,769.93 5.18%

MANTRA (OM) $ 7.60 0.77%

Bitcoin Cash (BCH) $ 321.98 3.38%

Ethena USDe (USDE) $ 0.999741 0.22%

Bitget Token (BGB) $ 4.91 5.22%

Wrapped eETH (WEETH) $ 2,936.50 5.11%

Uniswap (UNI) $ 8.94 2.85%

Monero (XMR) $ 235.53 2.19%

NEAR Protocol (NEAR) $ 3.48 7.08%

Pepe (PEPE) $ 0.00001 5.71%

WhiteBIT Coin (WBT) $ 27.46 1.03%

Aave (AAVE) $ 247.53 2.65%

Ondo (ONDO) $ 1.16 4.91%

Bittensor (TAO) $ 431.01 0.19%

Aptos (APT) $ 6.06 1.62%

internet-computer

Internet Computer (ICP) $ 7.19 4.19%

Dai (DAI) $ 1.00 0.04%

Official Trump (TRUMP) $ 16.38 3.44%

Ethereum Classic (ETC) $ 20.53 2.45%

tokenize-xchange

Tokenize Xchange (TKX) $ 37.92 0.82%

Mantle (MNT) $ 0.898422 2.03%

OKB (OKB) $ 49.42 1.89%

gatechain-token

Gate (GT) $ 23.48 3.92%

sUSDS (SUSDS) $ 1.04 0.21%

coinbase-wrapped-btc

Coinbase Wrapped BTC (CBBTC) $ 96,567.87 1.62%