Ethereum's value relative to that of BTC is dropping sharply as the altcoin now trades at levels last seen in October 2021.
Ethereum’s value relative to that of BTC is dropping sharply as the altcoin now trades at levels last seen in October 2021.
Altcoins continue bleeding out as the majority of the market takes another leg down in the past 24 hours. This has caused Bitcoin’s dominance to spike to highs that we haven’t seen since last year.At the time of this writing, ETH trades at around 0.0629 BTC. The last time it was this low was on October 22nd, 2021.Meanwhile, today’s pullback saw ETH’s dollar value plunge 7%, leaving some $86 million in liquidated positions.
As a matter of fact, over the past 24 hours, the most liquidations were of ETH contracts. The largest single liquidation order took place on OKEx, and it was an ETH-USDT swap with a face value of $2.24 million –
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