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Ether plunges 13% while Bitcoin pushes BTC dominance to 2022 high — More pain ahead? -Breaking

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Ether plunges 13% while Bitcoin pushes BTC dominance to 2022 high — More pain ahead?

Ethereum’s native token, Ether (ETHThe (), plummeted to its lowest point in nearly two months.BTC() As a result of a cryptocurrency market sell-off that intensified May 12

In the last 24 hours, trading pairs fell 7.5% to 0.0663. This was part of the correction that started May 11, when the pair began to fall. The local high was 0.0768. This pushed Ether against BTC down by as much as 13.75%.

Chart of daily price for ETH/BTC. TradingView
ETH/BTC daily price chart featuring “rising wedge” breakdown setup. TradingView
BTC.D Daily Performance Chart Source: TradingView