The crypto market remains volatile as the two leading giants, Bitcoin (BTC) and Ethereum (ETH), struggle to gain traction. Bitcoin (BTC) has fallen sharply below crucial resistance, extending its bearish trend into September, while Ethereum has stayed below its All-Time High (ATH). On the other hand, ETFSwap (ETFS), a new
Ethereum ETF Futures (EFUT) will be discontinued and liquidated by the prominent investment management company VanEck. The price of ETH, which was already experiencing a period of erratic trading due to a general market decline, has taken a huge hit. Among the many factors given by the ETF provider for
Brussels, Belgium, 6th September 2024, Chainwire
Despite the growing negative trend in the crypto market, Helium (HNT) has defied all odds and topped the gainers list. In this ongoing bearish trend, HNT displayed a price surge over the last 24 hours by 2.52% and outperformed major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The
In the past week, Ethereum holders have experienced significant selling pressure. A total of 312,183 ETH, valued at approximately $751 million, has been deposited into exchanges. This surge in exchange deposits reflects growing uncertainty among investors. Market watchers are closely monitoring these developments as they signal a potential shift in
For much of 2024, nearly 98% of activity on the TRON network was attributed to stablecoins. However, since the release of Sun.pump on August 9, this has shifted dramatically. Sun.pump, a TRON-based platform allowing users to create community-centric memecoins, has triggered a surge in non-stablecoin activity. According to Crypto Quant,
Vitalik Buterin’s decision to donate his L2 tokens instead of investing further highlights a critical market trend. Layer 2 solutions, such as Optimism and Arbitrum, have gained popularity. They offer much-needed scalability for Ethereum by processing transactions off-chain. However, Buterin’s recent announcement suggests he believes the market is overly focused
Since the beginning of September, Bitcoin (BTC) has failed to flaunt vital price movements. Analysts hint that this might be one of the worst-performing months for Bitcoin based on its historical performance. BTC has faced difficulty maintaining a rally above the $58,000 mark. The current market volatility has kept Bitcoin
A long-term MakerDAO holder has drawn attention after selling 251.5 MKR tokens, netting $408,000 worth of Ethereum. The transaction, executed seven hours ago at $1,624 per token, yielded a return of nearly 70 times the initial investment. They acquired 451.5 MKR tokens in 2017 at around $23 per token. 🚨
Victoria, Seychelles, 6th September 2024, Chainwire
