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Ethereum Price Surges Past $3,000, Market Cap Exceeds Several Public Companies: A Deep Dive into the Reasons
Ethereum Price Surges Past $3,000, Market Cap Exceeds Several Public Companies: A Deep Dive into the ReasonsOn May 3rd, Beijing time, Ethereum (ETH) soared past the $3,000 mark, approximately RMB 19,000, pushing its market capitalization above $340 billion. This remarkable figure surpasses the current market capitalization of several publicly listed companies, including PayPal (NASDAQ:PYPL) and Bank of America (NYSE:BAC), as confirmed by data from AssetDash
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Ethereum Spot ETF Inflows Reverse: BlackRock Leads Surge, Grayscale Sees Massive Outflow
Ethereum Spot ETF Inflows Reverse: BlackRock Leads Surge, Grayscale Sees Massive OutflowLast week (November 18-22, 2023, EST), the flow of funds in the Ethereum spot ETF market saw a significant shift. According to SoSoValue data, the overall net outflow for Ethereum spot ETFs reached $71
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Cryptocurrency Leverage Trading: A Risk Amplifier or a Shortcut to the Abyss?
Cryptocurrency Leverage Trading: A Risk Amplifier or a Shortcut to the Abyss?In the tempting world of cryptocurrency, leverage trading is a double-edged sword, attracting countless fortune dreamers but also hiding unpredictable risks. For most people, leverage trading is not a shortcut to financial freedom, but a trap leading to the abyss
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Bitcoin Reversal Falls Below $67,000, Market Panic Spreads, Liquidations Exceed $200 Million
Bitcoin Reversal Falls Below $67,000, Market Panic Spreads, Liquidations Exceed $200 MillionAfter reaching a high of $69,546 in the early morning yesterday, Bitcoin saw selling pressure emerge. It fell below $67,000 late last night and plunged close to the $66,500 level around 8:30 this morning, quickly falling below the low of October 17th before rebounding, again washing out a number of investors
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Bitcoin ETFs Continue to Attract Funds, Is Ethereum ETF Inflow Reversing?
Bitcoin ETFs Continue to Attract Funds, Is Ethereum ETF Inflow Reversing?Last week, Bitcoin ETFs saw a surge in inflows, with a total of $2.13 billion flowing into the asset class, marking the second consecutive week of net inflows
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Is the Fed's Rate Cut Reversal Bringing New Opportunities to the Crypto Market?
Is the Fed's Rate Cut Reversal Bringing New Opportunities to the Crypto Market?The Federal Reserve's rate cut plans have undergone a significant shift, causing drastic fluctuations in Wall Street's interest rate market. Unlike previous rate cuts during financial crises, this one seems unrelated to economic conditions and appears more as a preventive measure
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Ethereum Price Analysis: Descending Wedge Pattern Suggests Reversal, But Risks Remain
Ethereum Price Analysis: Descending Wedge Pattern Suggests Reversal, But Risks RemainDespite its prominence in the cryptocurrency market, Ethereum remains one of the worst performing among the top cryptocurrencies by market cap. Recent price declines have caused losses for many investors, raising concerns about the future direction of Ethereum's price
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Bitcoin Analyst Predicts $45,000 Bottom, Ushering in "Biggest Bull Cycle Ever"
Bitcoin Analyst Predicts $45,000 Bottom, Ushering in "Biggest Bull Cycle Ever"Crypto entrepreneur Michal van de Poppe predicts that Bitcoin will enter a bull market lasting at least two years after undergoing a "final correction." He believes that the price of Bitcoin will bottom at $53,000 and eventually break through, initiating a new bull run
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ETH MVRV Momentum Indicator Shows Continued Downward Trend, No Signs of Reversal
ETH MVRV Momentum Indicator Shows Continued Downward Trend, No Signs of ReversalAccording to Odaily Planet Daily, on-chain analyst Ali shared Glassnode data on X, revealing that Ethereum's MVRV (Market Value to Realized Value) Momentum indicator remains in a downward trend, with no signs of a reversal yet. This suggests that Ethereum's price may continue to decline
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Bitcoin Short-Term Bullish and Bearish Battle: High Leverage Players Need to Be Cautious, Buying Opportunity Below 56,000?
Bitcoin Short-Term Bullish and Bearish Battle: High Leverage Players Need to Be Cautious, Buying Opportunity Below 56,000?Last night, before the US stock market opened, Bitcoin fluctuated by more than its full-day range in just a few minutes. High-leverage players may have felt this impact particularly
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EthCC2024: Witnessing the "On-Chain Everywhere" Ethereum
EthCC2024: Witnessing the "On-Chain Everywhere" EthereumHeld in Brussels, Belgium, from July 8-11, 2024, the Ethereum Community Conference, EthCC2024, focused on the evolution and future of Ethereum under the theme "On-Chain Everywhere," emphasizing the integration of blockchain into everyday life. The event drew attendees from around the globe, engaging in over 500 related activities, spanning workshops, keynote speeches, and more
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Bitcoin Reverts to Consolidation, Fails to Hold $65,000 Level, Bull Run Imminent?
Bitcoin Reverts to Consolidation, Fails to Hold $65,000 Level, Bull Run Imminent?Market Sentiment Fluctuates as Bitcoin Drops Below $65,000Bitcoin price experienced a significant drop on June 16th, breaking through the $66,000 support level and hitting an intraday low of $65,046 during midday. A brief buying surge pushed the price back to $67,286, but the momentum failed to sustain, resulting in a closing price of $66,580