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Ethereum Plunges Below $2,300, Reaching Lowest Point Since August 5thOn September 6th, Ethereum fell to a low of $2,300, marking its lowest point since August 5th. The decline represents a near 3% drop in the past 24 hours

Bitcoin Plunges to Lowest Since August: What Triggered the Sell-Off?Bitcoin suffered a sharp decline on Tuesday evening, falling below $59,000 and reaching its lowest price since August 19th. Ethereum also tumbled, with Ether prices dropping nearly 10%

According to data shared by on chain data aggregator Santiment, the supply of Ethereum on the exchange has experienced a historic decline; Since the creation of Ethereum in 2015, such a small number of ETHs have never appeared on centralized trading platforms.This occurred when the price of Ethereum exceeded the $1850 level for the first time in nearly three months

In recent weeks, Ethereum (ETH), the main asset in the cryptocurrency market, has not received a warm welcome from the market due to price declines and unstable on chain performance. Overall, the overall situation of the cryptocurrency market has not significantly improved, as most counterfeit currencies have not been able to maintain an upward trend

According to Santiment's data, Ethereum's network costs have dropped to their lowest level so far in 2023, with an average of only $1.15 per transaction

The price of Ethereum has dropped significantly in the past day, now only $1540, which is the lowest point since March 12, 2023. This decline is due to many people becoming increasingly pessimistic about the market, especially as FTX is about to undergo asset liquidation, which will inject approximately $192 million worth of Ethereum into the market

Why is BTC the darling of institutions?In the contemporary financial system, the central bank is the source of liquidity in the financial market. When the central bank begins to release/contract liquidity, the changes in liquidity will be reflected in real-time in the price changes of bonds, commodities, foreign exchange, and financial derivatives, as well as in the changes in stock indices

#Headline Creation Challenge#The Cryptocurrency market continues to fall back from last Thursday's surge. Bitcoin (BTC) has declined by about 2% in the past 24 hours, while the counterfeit currency sector has also experienced a greater decline

Due to the sharp drop in cryptocurrency prices during Friday's trading session, Dogcoin fell to its lowest level since September. Overall, the global cryptocurrency market value fell by nearly 17% today, which seems to have been triggered by yesterday's Silvergate bank liquidation

Reporter | Si LinweiThe cryptocurrency market has experienced a sharp decline after being embroiled in a highly anticipated acquisition case.On November 10th, market data showed that Bitcoin's quotation had fallen below $16000