Ether plunges 13% while Bitcoin pushes BTC dominance to 2022 high — More pain ahead?
Cointelegraph
Published May 12, 2022 06:57AM ET
Updated May 12, 2022 01:40PM ET
Ethereum’s native token, Ether (ETH), plunged to its lowest level in almost two months against Bitcoin (BTC) as a crypto market sell-off intensified on May 12.
The ETH/BTC trading pair fell by 7.5% to 0.0663 in the past 24 hours. The downside move came as a part of a correction that began May 11 when the pair traded at the local high of 0.0768. That pushed Ether down against BTC by up to 13.75%.
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Written By: Cointelegraph
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