Ethereum, the largest-capped altcoin, marks the slightest recovery back to $3,000 with a minute spike of 1.25% in the last 24 hours. Alongside Bitcoin’s dip to $53.4K, Ethereum bottomed at $2.8K last week, creating a panic in the market. Mt. Gox and the German Government were among the instigators of
In the wake of a significant liquidation event involving Michael Egorov, founder of Curve Finance, the CRV token has seen a notable recovery. Nearly a week ago, Egorov faced liquidation after the CRV token plummeted to an all-time low of $0.219. The situation led to widespread liquidations across various platforms,
The altcoin market is experiencing high bearish pressure, with major cryptocurrencies seeing notable declines. Ethereum (ETH), the leading altcoin has dropped 4% in the past twenty-four hours, hitting a one-month low of $3,355. Despite this price drop, trading volume has surged by 83%. Other notable coins in the altcoins’ red
Bitcoin whales amassed 20,600 BTC worth around $1.38 billion, on June 11, capitalizing on the Bitcoin price fall. Blockchain analytics company CryptoQuant reports that this was the biggest influx of capital for Bitcoin whales since February 28, when spot Bitcoin ETFs were less than six weeks old and BTC was
The release of the May US Consumer Price Index (CPI) data revealed a slight decrease in inflation, dropping from 3.4% in April to 3.3% in May, which has had a positive impact on the cryptocurrency market, leading to a strong recovery in major crypto assets. As Bitcoin’s price continues to
In the volatile world of cryptocurrencies, market consolidation phases often bring a period of calm and strategic repositioning. The cryptocurrency market is currently experiencing one of these phases, characterized by relatively stable prices and lower trading volumes. This phase is a breeding ground for strategic maneuvers by big whales—large holders
The overall crypto sector has initiated the month with struggles to break resistance beyond last month’s bullish momentum. Leading cryptocurrency Bitcoin is struggling to break resistance at $69K. Parallely, with increased volatility, Ethereum price also struggles to surpass key resistance levels, $3700 and $3800. Notably, the SEC’s approval of
The cryptocurrency market continues its rollercoaster ride, with investors closely tracking the erratic movements of major digital assets like Bitcoin (BTC) and Ethereum (ETH). In recent days, the market has witnessed significant fluctuations, sending shockwaves through the global financial landscape. Bitcoin, the pioneer cryptocurrency, experienced a dizzying ascent, briefly surpassing
Ethereum whales have drawn market attention with increasing transactions since last week. As the ETH market price has shown significant growth over the last 14 days, the whale movements have instigated an additional optimistic outlook amidst investors. In the Asian morning hours of Wednesday, a particular whale identified with wallet
Ethereum (ETH) price witnessed an impressive upsurge in the past seven days, instigated by the SEC’s spot ETH ETF approval. As the week draws to a close, with the ETH approval not priced in yet, ETH struggles to surpass the $3,700 mark. Prices hit a monthly high of $3.9K on
