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) $ 104,641.04 2.48%

Ethereum (ETH) $ 3,879.72 2.19%

Tether (USDT) $ 1.00 0.19%

XRP (XRP) $ 2.47 6.35%

BNB (BNB) $ 714.92 1.67%

Solana (SOL) $ 215.81 4.48%

Dogecoin (DOGE) $ 0.384969 4.16%

USDC (USDC) $ 1.00 0.15%

Lido Staked Ether (STETH) $ 3,876.69 2.29%

Cardano (ADA) $ 1.03 5.73%

TRON (TRX) $ 0.273533 4.78%

Avalanche (AVAX) $ 46.39 6.32%

Chainlink (LINK) $ 27.45 2.32%

Wrapped stETH (WSTETH) $ 4,601.00 2.00%

Shiba Inu (SHIB) $ 0.000026 5.34%

the-open-network

Toncoin (TON) $ 5.70 5.05%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 104,280.94 2.35%

Sui (SUI) $ 4.66 0.06%

Stellar (XLM) $ 0.425685 4.63%

Polkadot (DOT) $ 8.24 5.99%

hedera-hashgraph

Hedera (HBAR) $ 0.298497 1.88%

WETH (WETH) $ 3,875.80 2.35%

Bitcoin Cash (BCH) $ 519.90 4.07%

Uniswap (UNI) $ 15.62 4.09%

LEO Token (LEO) $ 9.66 0.56%

Pepe (PEPE) $ 0.000021 7.51%

Litecoin (LTC) $ 115.66 8.56%

Hyperliquid (HYPE) $ 24.76 9.31%

NEAR Protocol (NEAR) $ 6.16 9.44%

Wrapped eETH (WEETH) $ 4,092.13 2.33%

Aptos (APT) $ 12.83 4.09%

Ethena USDe (USDE) $ 1.00 0.05%

Bitget Token (BGB) $ 4.22 10.70%

internet-computer

Internet Computer (ICP) $ 11.96 4.25%

Aave (AAVE) $ 368.09 0.77%

USDS (USDS) $ 1.00 0.00%

crypto-com-chain

Cronos (CRO) $ 0.187025 5.38%

Ethereum Classic (ETC) $ 31.58 5.76%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.548567 6.56%

VeChain (VET) $ 0.054436 7.23%

Render (RENDER) $ 8.38 5.43%

Artificial Superintelligence Alliance (FET) $ 1.58 3.92%

Monero (XMR) $ 222.24 1.55%

Mantle (MNT) $ 1.17 4.03%

Arbitrum (ARB) $ 0.937077 4.63%

Bittensor (TAO) $ 527.52 1.69%

MANTRA (OM) $ 4.08 1.75%

Filecoin (FIL) $ 6.09 7.18%

WhiteBIT Coin (WBT) $ 25.07 1.41%

Kaspa (KAS) $ 0.137544 4.06%