In the last 24 hours, the cryptocurrency market faced a sharp downturn, with $901.67 million in long positions liquidated. The sell-off, which surged on Sunday, has stemmed to significant losses across major digital assets like Bitcoin (BTC) and Ethereum (ETH). Also, the decline has pushed the global market cap below
In the latest development, an Ethereum ICO participant emerged from a nine-year slumber on Tuesday, moving a substantial portion of their investment to a new wallet. The early investor’s reappearance coincides with the Ethereum network’s ninth birthday, marking a significant milestone for the cryptocurrency. Initial coin offerings (ICOs) differ from
The crypto market witnessed a significant milestone as spot Ethereum began trading on Tuesday, following weeks of back-and-forth on registration statement edits. According to Sosovalue data, spot ETH ETFs recorded inflows within the first 24 hours of trading. While the ETF greenlight was expected to spark a bull run, the
Concerns over ETH staking are among the most contentious aspects of the upcoming spot Ethereum ETF. Among the most significant compromises that authorized issuers have been forced to make is to abandon their intentions for Ethereum staking. Commissioner Hester Peirce of the SEC has recently reignited optimism for the product,
After enduring innumerable support and resistance, Ethereum’s price bounced back and sustained itself within the price range of $3.3K. Over the past 24 hours, the price of ETH has spiked by 2.38%. The upcoming ETF launch triggering anticipation among the community catalyzes the current bullish sentiment of ETH. Notably, the
Ethereum (ETH) is in a brief bullish swing. Over the past 24 hours, after a 4.71% spike, the second-largest cryptocurrency marked a high of $3,373. This surge comes alongside Bitcoin’s recoup of over 4% to $63.2K. ETH crossed the $3.3K threshold amid this week’s highly anticipated spot ETH ETFs (exchange-traded
The global crypto market has been going through an extended bearish phase over the past few weeks. Over the last 24 hours, crypto traders liquidated nearly $151.5 million from the market. Notably, Ethereum (ETH) liquidations exceeded Bitcoin’s over the day. According to Coinglass data, Ethereum market recorded liquidations worth $49.78
Ethereum is slowly recovering from the extreme bearish sentiment experienced last week, where it fell 5% over seven days, hitting a five-month low of $2,810. Currently, Ethereum is trading at $3,091, with a modest 0.88% gain in the past 24 hours, although its trading volume is down 9% in the
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,
