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Ethereum Foundation Continues Selling ETH, Can ETH Price Hold On?
Ethereum Foundation Continues Selling ETH, Can ETH Price Hold On?The Ethereum Foundation's ongoing ETH sales have intensified the decline in ETH price, triggering concerns about the future development prospects of Ethereum. Can ETH replicate the glory of Bitcoin spot ETFs? How long can the Ethereum Foundation's funds sustain, and where will Ethereums future go? This article will delve into the current challenges faced by Ethereum and its future development direction
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Ethereum Faces Selling Pressure: Coinbase Premium Index Plunges, Exchange Supply Rises, Price Could Break Key Support
Ethereum Faces Selling Pressure: Coinbase Premium Index Plunges, Exchange Supply Rises, Price Could Break Key SupportEthereum (ETH) price has been under sustained pressure recently, falling below $2,400 for the second time in three days. While the wider market may be hopeful that the latest decline marks a bottom, on-chain analysis points to a different narrative
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Bitcoin Could Dip Below $50,000: Falling Volume, ETF Outflows, and Historical Data Hint at Correction
Bitcoin Could Dip Below $50,000: Falling Volume, ETF Outflows, and Historical Data Hint at CorrectionBitcoin has been facing multiple headwinds recently, with declining trading volume, slowing ETF inflows, and historical data suggesting a potential correction in September, potentially pushing the cryptocurrency below the critical psychological level of $50,000.Cyrus Ip, Head of Content at Bybit exchange, stated that while the current market conditions suggest minimal resistance to a pullback below $50,000, new catalysts or headlines could rapidly shift market sentiment, especially in a low-liquidity environment
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Cryptocurrency Correlation with Stock Market Intensifies, Nonfarm Payrolls Data Crucial Tonight
Cryptocurrency Correlation with Stock Market Intensifies, Nonfarm Payrolls Data Crucial TonightThe link between cryptocurrency and stock markets is growing stronger, particularly in the wake of recent economic data. Data compiled by Bloomberg shows the correlation coefficient between cryptocurrencies and the MSCI World Index hovering near 0
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Bitcoin ATM Scams Run Rampant, Targeting Elderly Individuals
Bitcoin ATM Scams Run Rampant, Targeting Elderly IndividualsIn recent years, with the rise in popularity of cryptocurrencies, Bitcoin ATM (BTM) scams have shown an alarming upward trend, inflicting substantial financial losses on consumers. According to the latest data released by the U
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Bitcoin Drops Below $57,000, Over 75,000 Liquidated Across the Network, Crypto Market Panic Intensifies
Bitcoin Drops Below $57,000, Over 75,000 Liquidated Across the Network, Crypto Market Panic IntensifiesOn September 4th, Bitcoin prices continued to decline, briefly falling below $57,000, marking a one-month low. Bitcoin has dropped over 4% in the past 24 hours, with other major cryptocurrencies like Ethereum also experiencing significant declines
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Bitcoin ETF Outflows Hit $287 Million as BTC Drops Below $56,000 Amid Recession Fears
Bitcoin ETF Outflows Hit $287 Million as BTC Drops Below $56,000 Amid Recession FearsBitcoin ETFs witnessed daily outflows of $287.8 million as risk-off sentiment in both crypto and traditional risk markets intensified
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Bitcoin Price Volatility to Trigger Massive Liquidations: $55,000 is the Key Level
Bitcoin Price Volatility to Trigger Massive Liquidations: $55,000 is the Key LevelAccording to ChainCatcher, if Bitcoin drops below $55,000, the cumulative liquidation intensity of long positions across major CEXs will reach $746 million. Conversely, if Bitcoin breaks above $58,000, the cumulative liquidation intensity of short positions across major CEXs will reach $900 million
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Bitcoin Recovers After Briefly Dipping Below $56,000
Bitcoin Recovers After Briefly Dipping Below $56,000September 4, 2021 - Bitcoin continued its decline today, briefly dipping below $56,000 before recovering to the $56,000 level.
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Bitcoin and Ethereum Futures Dropped on Tuesday, Losses Widened Ahead of ISM Manufacturing Index Release
Bitcoin and Ethereum Futures Dropped on Tuesday, Losses Widened Ahead of ISM Manufacturing Index ReleaseAt the close of trading in New York on Tuesday, the CME Bitcoin futures contract (BTC) settled at $58,485.00, down 1
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Bitcoin Futures Plunged Over 1%, Ethereum Futures Fell Over 3%
Bitcoin Futures Plunged Over 1%, Ethereum Futures Fell Over 3%At the close of trading in New York on Tuesday (September 3), the CME Bitcoin futures BTC main contract settled at $58,485.00, down 1
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Bitcoin's Breakout Above $73,800 Hinges on Bulls Overcoming Sell Pressure
Bitcoin's Breakout Above $73,800 Hinges on Bulls Overcoming Sell PressureWhile Bitcoin traders are optimistic about the price breaking free from its recent slump and surging to the $73,800 local resistance level, the reality is less rosy. Buyers need to show considerable conviction before Bitcoin can successfully break through these areas, which could trigger a significant amount of liquidations