Altcoin continues to bleed as the market plummets again. This has caused Bitcoin’s dominance to soar to a high level we haven’t seen since last year.
Ethereum’s price, compared to Bitcoin’s price, has fallen to its lowest level since last year.
At the time of writing, ETH traded at about 0.0629 BTC. The last time there was this low on October 22, 2021.
Today’s pullback saw ETH’s dollar value drop 7%, about $86 million liquidated.
In fact, in the last 24 hours, ETH contracts have been liquidated the most. The most significant single liquidation order took place on OKEx with a face value of $2.24 million – according to Coinglass.
ETH’s decline occurred amid an overall downtrend in the market, where altcoins are slowly gaining new ground.
At the time of writing, BTC.d was also at its highest level since last October.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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