• bitcoinBitcoin (BTC) $ 67,937.00
  • ethereumEthereum (ETH) $ 3,255.79
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 579.21
  • solanaSolana (SOL) $ 182.81
  • usd-coinUSDC (USDC) $ 1.00
  • xrpXRP (XRP) $ 0.596586
  • staked-etherLido Staked Ether (STETH) $ 3,253.92
  • dogecoinDogecoin (DOGE) $ 0.134113
  • the-open-networkToncoin (TON) $ 6.70
  • cardanoCardano (ADA) $ 0.416048
  • tronTRON (TRX) $ 0.137305
  • avalanche-2Avalanche (AVAX) $ 28.75
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 67,769.00
  • shiba-inuShiba Inu (SHIB) $ 0.000017
  • chainlinkChainlink (LINK) $ 13.54
  • polkadotPolkadot (DOT) $ 5.84
  • bitcoin-cashBitcoin Cash (BCH) $ 378.91
  • nearNEAR Protocol (NEAR) $ 5.68
  • uniswapUniswap (UNI) $ 7.65
  • leo-tokenLEO Token (LEO) $ 5.83
  • litecoinLitecoin (LTC) $ 71.34
  • daiDai (DAI) $ 1.00
  • pepePepe (PEPE) $ 0.000012
  • wrapped-eethWrapped eETH (WEETH) $ 3,397.24
  • matic-networkPolygon (MATIC) $ 0.513500
  • internet-computerInternet Computer (ICP) $ 10.10
  • kaspaKaspa (KAS) $ 0.182082
  • ethereum-classicEthereum Classic (ETC) $ 22.84
  • aptosAptos (APT) $ 7.02
  • ethena-usdeEthena USDe (USDE) $ 0.999502
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.27
  • stellarStellar (XLM) $ 0.102505
  • moneroMonero (XMR) $ 162.71
  • blockstackStacks (STX) $ 1.87
  • mantleMantle (MNT) $ 0.844441
  • filecoinFilecoin (FIL) $ 4.60
  • dogwifcoindogwifhat (WIF) $ 2.61
  • render-tokenRender (RENDER) $ 6.60
  • injective-protocolInjective (INJ) $ 25.60
  • bittensorBittensor (TAO) $ 346.96
  • okbOKB (OKB) $ 41.14
  • hedera-hashgraphHedera (HBAR) $ 0.068693
  • crypto-com-chainCronos (CRO) $ 0.091435
  • makerMaker (MKR) $ 2,630.76
  • immutable-xImmutable (IMX) $ 1.58
  • arbitrumArbitrum (ARB) $ 0.725812
  • cosmosCosmos Hub (ATOM) $ 6.17
  • vechainVeChain (VET) $ 0.028670
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • bonkBonk (BONK) $ 0.000029
  • arweaveArweave (AR) $ 30.37
  • suiSui (SUI) $ 0.780935
  • optimismOptimism (OP) $ 1.72
  • the-graphThe Graph (GRT) $ 0.200292
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,644.75
  • flokiFLOKI (FLOKI) $ 0.000180
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,301.65
  • thorchainTHORChain (RUNE) $ 4.71
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,379.31
  • bitget-tokenBitget Token (BGB) $ 1.12
  • theta-tokenTheta Network (THETA) $ 1.50
  • whitebitWhiteBIT Coin (WBT) $ 10.10
  • notcoinNotcoin (NOT) $ 0.014208
  • aaveAave (AAVE) $ 97.74
  • jupiter-exchange-solanaJupiter (JUP) $ 1.07
  • ondo-financeOndo (ONDO) $ 0.993788
  • pyth-networkPyth Network (PYTH) $ 0.390247
  • jasmycoinJasmyCoin (JASMY) $ 0.029075
  • lido-daoLido DAO (LDO) $ 1.56
  • fantomFantom (FTM) $ 0.460109
  • based-brettBrett (BRETT) $ 0.129174
  • coredaoorgCore (CORE) $ 1.38
  • celestiaCelestia (TIA) $ 5.97
  • algorandAlgorand (ALGO) $ 0.142995
  • sei-networkSei (SEI) $ 0.368890
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,250.01
  • quant-networkQuant (QNT) $ 72.69
  • flowFlow (FLOW) $ 0.667616
  • gatechain-tokenGate (GT) $ 7.65
  • mantra-daoMANTRA (OM) $ 1.19
  • msolMarinade Staked SOL (MSOL) $ 219.56
  • kucoin-sharesKuCoin (KCS) $ 9.70
  • popcatPopcat (POPCAT) $ 0.940814
  • beam-2Beam (BEAM) $ 0.018231
  • elrond-erd-2MultiversX (EGLD) $ 33.31
  • axie-infinityAxie Infinity (AXS) $ 6.06
  • bitcoin-svBitcoin SV (BSV) $ 45.36
  • heliumHelium (HNT) $ 5.30
  • galaGALA (GALA) $ 0.023595
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.52
  • bittorrentBitTorrent (BTT) $ 0.00000090
  • eosEOS (EOS) $ 0.577759
  • flare-networksFlare (FLR) $ 0.019335
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.38
  • neoNEO (NEO) $ 11.69
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,313.39
  • ordinalsORDI (ORDI) $ 38.63
  • akash-networkAkash Network (AKT) $ 3.30
  • dydx-chaindYdX (DYDX) $ 1.29
  • raptoreumRaptoreum (RTM) $ 0.000862
  • raptoreumRaptoreum (RTM) $ 0.000862
  • peri-financePERI Finance (PERI) $ 0.279208
  • peri-financePERI Finance (PERI) $ 0.279208
  • chumbai-valleyChumbi Valley (CHMB) $ 0.000193
  • chumbai-valleyChumbi Valley (CHMB) $ 0.000193
  • alfALF (ALF) $ 0.000038
  • alfALF (ALF) $ 0.000038
  • paramParam (PARAM) $ 0.014492
  • paramParam (PARAM) $ 0.014492
  • mirror-protocolMirror Protocol (MIR) $ 0.023945
  • mirror-protocolMirror Protocol (MIR) $ 0.023945
  • edgevana-staked-solEdgevana Staked SOL (EDGESOL) $ 205.47
  • edgevana-staked-solEdgevana Staked SOL (EDGESOL) $ 205.47
  • soraSora (XOR) $ 0.000013
  • soraSora (XOR) $ 0.000013
  • daggerDagger (XDAG) $ 0.002987
  • daggerDagger (XDAG) $ 0.002987
  • bumperBumper (BUMP) $ 0.019046
  • bumperBumper (BUMP) $ 0.019046
  • ashswapAshSwap (ASH) $ 0.012757
  • ashswapAshSwap (ASH) $ 0.012757
  • dxdaoDXdao (DXD) $ 158.12
  • dxdaoDXdao (DXD) $ 158.12
  • electronicguldenElectronic Gulden (EFL) $ 0.176725
  • electronicguldenElectronic Gulden (EFL) $ 0.176725
  • hex-orange-addressHex Orange Address (HOA) $ 0.024673
  • hex-orange-addressHex Orange Address (HOA) $ 0.024673
  • alpha-fiAlpha Fi (ALPHA) $ 1.82
  • alpha-fiAlpha Fi (ALPHA) $ 1.82
  • tenet-1b000f7b-59cb-4e06-89ce-d62b32d362b9TENET (TENET) $ 0.008762
  • tenet-1b000f7b-59cb-4e06-89ce-d62b32d362b9TENET (TENET) $ 0.008762
  • rebel-botsRebel Bots (RBLS) $ 0.012957
  • rebel-botsRebel Bots (RBLS) $ 0.012957
  • rubicRubic (RBC) $ 0.021164
  • rubicRubic (RBC) $ 0.021164
  • onomy-protocolOnomy Protocol (NOM) $ 0.041353
  • onomy-protocolOnomy Protocol (NOM) $ 0.041353
  • sphynx-labs-bae5b42e-5e37-4607-8691-b56d3a5f344cSphynx Labs (SPHYNX) $ 0.002453
  • sphynx-labs-bae5b42e-5e37-4607-8691-b56d3a5f344cSphynx Labs (SPHYNX) $ 0.002453
  • boosted-lusdBoosted LUSD (BLUSD) $ 1.27
  • boosted-lusdBoosted LUSD (BLUSD) $ 1.27
  • bonsai3Bonsai3 (SEED) $ 0.006923
  • bonsai3Bonsai3 (SEED) $ 0.006923
  • liquiddriverLiquidDriver (LQDR) $ 0.359334
  • liquiddriverLiquidDriver (LQDR) $ 0.359334
  • ebtceBTC (EBTC) $ 66,972.00
  • ebtceBTC (EBTC) $ 66,972.00
  • gameswap-orgGameswap (GSWAP) $ 0.415416
  • gameswap-orgGameswap (GSWAP) $ 0.415416
  • wozxEfforce (WOZX) $ 0.005840
  • wozxEfforce (WOZX) $ 0.005840
  • rebootReboot (GG) $ 0.022092
  • rebootReboot (GG) $ 0.022092
  • crowny-tokenCrowny (CRWNY) $ 0.005174
  • crowny-tokenCrowny (CRWNY) $ 0.005174
  • soyjak-2Soyjak (SOY) $ 0.003702
  • soyjak-2Soyjak (SOY) $ 0.003702
  • nav-coinNavcoin (NAV) $ 0.047053
  • nav-coinNavcoin (NAV) $ 0.047053
  • klevaKLEVA (KLEVA) $ 0.065822
  • klevaKLEVA (KLEVA) $ 0.065822
  • wombat-exchangeWombat Exchange (WOM) $ 0.016501
  • wombat-exchangeWombat Exchange (WOM) $ 0.016501
  • quiddQuidd (QUIDD) $ 0.013872
  • quiddQuidd (QUIDD) $ 0.013872
  • ispolinkIspolink (ISP) $ 0.001196
  • ispolinkIspolink (ISP) $ 0.001196
  • 0chainZus (ZCN) $ 0.074297
  • 0chainZus (ZCN) $ 0.074297
  • aminoAmino ($AMO) $ 0.000130
  • aminoAmino ($AMO) $ 0.000130
  • frok-aiFrok.ai (FROK) $ 0.037372
  • frok-aiFrok.ai (FROK) $ 0.037372
  • xfundxFUND (XFUND) $ 358.54
  • xfundxFUND (XFUND) $ 358.54
  • pepe-0x69-on-basePEPE 0x69 ON BASE (PEPE) $ 0.00000001
  • pepe-0x69-on-basePEPE 0x69 ON BASE (PEPE) $ 0.00000001
  • zeek-coinZeek Coin (MEOW) $ 0.000004
  • zeek-coinZeek Coin (MEOW) $ 0.000004
  • suiswapSuiswap (SSWP) $ 0.000356
  • suiswapSuiswap (SSWP) $ 0.000356
  • carloCarlo (CARLO) $ 0.003553
  • carloCarlo (CARLO) $ 0.003553
  • safemarsSafemars (SAFEMARS) $ 0.00000001
  • safemarsSafemars (SAFEMARS) $ 0.00000001
  • wesenditWeSendit (WSI) $ 0.010080
  • wesenditWeSendit (WSI) $ 0.010080
  • plebbitPlebbit (PLEB) $ 0.000002
  • plebbitPlebbit (PLEB) $ 0.000002
  • gami-worldGAMI World (GAMI) $ 0.081967
  • gami-worldGAMI World (GAMI) $ 0.081967
  • lucroLucro (LCR) $ 0.000035
  • lucroLucro (LCR) $ 0.000035
  • pantherPanther Protocol (ZKP) $ 0.010464
  • pantherPanther Protocol (ZKP) $ 0.010464
  • polka-cityPolkacity (POLC) $ 0.008542
  • polka-cityPolkacity (POLC) $ 0.008542
  • kira-the-injective-catKira the Injective Cat (KIRA) $ 0.000051
  • kira-the-injective-catKira the Injective Cat (KIRA) $ 0.000051
  • bmxBMX (BMX) $ 1.28
  • bmxBMX (BMX) $ 1.28
  • hacashHacash (HAC) $ 3.93
  • hacashHacash (HAC) $ 3.93
  • mind-languageMind (MND) $ 0.036080
  • mind-languageMind (MND) $ 0.036080
  • omni-2Omni (OMNI) $ 0.003478
  • omni-2Omni (OMNI) $ 0.003478
  • pktPKT (PKT) $ 0.000789
  • pktPKT (PKT) $ 0.000789
  • rainbow-token-2Rainbow Token (RBW) $ 0.013834
  • rainbow-token-2Rainbow Token (RBW) $ 0.013834
  • crypteriumCrypterium (CRPT) $ 0.040998
  • crypteriumCrypterium (CRPT) $ 0.040998
  • cerebrum-daoCerebrum DAO (NEURON) $ 0.000253
  • cerebrum-daoCerebrum DAO (NEURON) $ 0.000253
  • velhallaScarQuest (SCAR) $ 0.001437
  • velhallaScarQuest (SCAR) $ 0.001437
  • label-foundationLABEL AI (LBL) $ 0.002996
  • label-foundationLABEL AI (LBL) $ 0.002996
  • silk-bcec1136-561c-4706-a42c-8b67d0d7f7d2Silk (SILK) $ 1.14
  • silk-bcec1136-561c-4706-a42c-8b67d0d7f7d2Silk (SILK) $ 1.14
  • taboo-tokenTaboo (TABOO) $ 0.000349
  • taboo-tokenTaboo (TABOO) $ 0.000349
  • baby-grokBaby Grok (BABYGROK) $ 0.00
  • baby-grokBaby Grok (BABYGROK) $ 0.00
  • 0-knowledge-network0 Knowledge Network (0KN) $ 0.000425
  • 0-knowledge-network0 Knowledge Network (0KN) $ 0.000425
  • spheroid-universeSpheroid Universe (SPH) $ 0.001514
  • spheroid-universeSpheroid Universe (SPH) $ 0.001514
  • ca-htbCoupon Assets (CA) $ 0.273075
  • ca-htbCoupon Assets (CA) $ 0.273075
  • veloce-vextVeloce (VEXT) $ 0.019155
  • veloce-vextVeloce (VEXT) $ 0.019155
  • wecoinWECOIN (WECO) $ 0.000369
  • wecoinWECOIN (WECO) $ 0.000369
  • delta-exchange-tokenDelta Exchange (DETO) $ 0.035704
  • delta-exchange-tokenDelta Exchange (DETO) $ 0.035704
  • spacefalconSpaceFalcon (FCON) $ 0.000194
  • spacefalconSpaceFalcon (FCON) $ 0.000194
  • gainsGains (GAINS) $ 0.062661
  • gainsGains (GAINS) $ 0.062661
  • pizabrcPIZA (Ordinals) (PIZA) $ 0.159759
  • pizabrcPIZA (Ordinals) (PIZA) $ 0.159759
  • vesper-financeVesper Finance (VSP) $ 0.393517
  • vesper-financeVesper Finance (VSP) $ 0.393517
  • metalcoreMetalCore (MCG) $ 0.005387
  • metalcoreMetalCore (MCG) $ 0.005387
  • adamant-messengerADAMANT Messenger (ADM) $ 0.029731
  • adamant-messengerADAMANT Messenger (ADM) $ 0.029731
  • linqLinq (LINQ) $ 0.033362
  • linqLinq (LINQ) $ 0.033362
  • mimo-parallel-governance-tokenMimo Governance (MIMO) $ 0.006304
  • mimo-parallel-governance-tokenMimo Governance (MIMO) $ 0.006304
  • send-token/send (SEND) $ 0.000127
  • send-token/send (SEND) $ 0.000127
  • umbrella-networkUmbrella Network (UMB) $ 0.008566
  • umbrella-networkUmbrella Network (UMB) $ 0.008566
  • not-financial-adviceNot Financial Advice (NFAI) $ 0.039079
  • not-financial-adviceNot Financial Advice (NFAI) $ 0.039079
  • tokencardMonolith (TKN) $ 0.091313
  • tokencardMonolith (TKN) $ 0.091313
  • carbon-creditCarbon Credit (CCT) $ 0.178055
  • carbon-creditCarbon Credit (CCT) $ 0.178055
  • merchant-tokenMerchant (MTO) $ 0.055684
  • merchant-tokenMerchant (MTO) $ 0.055684
  • metavault-tradeMetavault Trade (MVX) $ 1.31
  • metavault-tradeMetavault Trade (MVX) $ 1.31
  • parexParex (PRX) $ 0.251986
  • parexParex (PRX) $ 0.251986
  • solbankSolbank (SB) $ 196.72
  • solbankSolbank (SB) $ 196.72
  • zambesigoldZambesiGold (ZGD) $ 0.078010
  • zambesigoldZambesiGold (ZGD) $ 0.078010
  • pepe-solPepe (SOL) (PEPE) $ 0.003267
  • pepe-solPepe (SOL) (PEPE) $ 0.003267
  • my-lovely-coinMy Lovely Coin (MLC) $ 0.158554
  • my-lovely-coinMy Lovely Coin (MLC) $ 0.158554
  • safe-dealSafeDeal (SFD) $ 0.133729
  • safe-dealSafeDeal (SFD) $ 0.133729
  • hydranetHydranet (HDN) $ 0.020256
  • hydranetHydranet (HDN) $ 0.020256
  • romeRome (ROME) $ 14.33
  • romeRome (ROME) $ 14.33
  • mintoMinto (BTCMT) $ 0.559509
  • mintoMinto (BTCMT) $ 0.559509
  • metronomeMetronome (MET) $ 0.523552
  • metronomeMetronome (MET) $ 0.523552
  • chimaeraXAYA (WCHI) $ 0.056244
  • chimaeraXAYA (WCHI) $ 0.056244
  • particlParticl (PART) $ 0.227386
  • particlParticl (PART) $ 0.227386
  • ramses-exchangeRamses Exchange (RAM) $ 0.025029
  • ramses-exchangeRamses Exchange (RAM) $ 0.025029
  • stimaSTIMA (STIMA) $ 1.01
  • stimaSTIMA (STIMA) $ 1.01
  • hamiHAMI ($HAMI) $ 0.003211
  • hamiHAMI ($HAMI) $ 0.003211
  • social-good-projectSocialGood (SG) $ 0.135266
  • social-good-projectSocialGood (SG) $ 0.135266

Why Bitcoin (BTC) and Ethereum (ETH) May Choose Different Paths

0 30

The correlation between Bitcoin (BTC) and Ethereum (ETH) continues to whisk further apart with the latter failing to take dominance of BTC. At the beginning of the year, one BTC would have cost roughly 14 ETH.

However, altcoin’s unimpressive price action has ensured that 1 BTC equals 18 ETH. At press time, Bitcoin’s price was $67,628 while ETH was valued at $3,789. The different directions the cryptocurrencies headed were also reflected in the market liquidation.

According to Coinglass, $14.12 million worth of ETH contracts were wiped out in the last 24 hours. Most of these positions were longs. However, Bitcoin liquidations were lower at $3.20 million, of which most were short positions.

Crypto Market Liquidations HeatMap (Source: Coinglass)

Coin Edition looked at the ETH/BTC chart which is an important metric in the crypto market. From our observation, the ratio became as high as 0.057 on May 21. This was partly due to the Ethereum spot ETF approvals.

However, data obtained from TradingView showed that the dominance has decreased. As of this writing, ETH was worth 0.055 BTC. Analysis of the chart showed that there was a resistance at 0.051 which ETH bulls have been able to breach.

However, if care is not taken, a decline in ETH’s price could pull the ratio down to the resistance. Failure to hold on to this point could lead it down to 0.048 where the crucial support stood.

A look at indicators like the Awesome Oscillator (AO) reinforced the assertion that ETH’s dominance could continue to drop. As of this writing, the AO was positive, indicating the momentum was bullish.

However, the red histogram bars on the indicator suggested that this bullish thesis might not last. Furthermore, the Relative Strength Index (RSI) reading dropped after hitting an overbought region.

Why Bitcoin (BTC) and Ethereum (ETH) May Choose Different Paths

ETH/BTC Daily Chart (Source: TradingView)

From the look of things, BTC’s price could attempt to rise to $70,000. However, ETH might decline following in the upward direction, suggesting that its price could fall to $3,500.

On the flip side, things might change in ETH’s favor when the spot ETFs start trading live. If we go by the impact of the Bitcoin spot ETFs on BTC, then ETH might rally toward $4,500 in a matter of weeks.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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