Ether fell over 8% to $1,625 on June 5, marking its lowest price since April 2025 and a steep decline from nearly $5,000 less than a year ago. This drop occurred alongside Bitcoin's sixth straight daily loss and severe declines in privacy coins like Zcash and Monero. The selloff is driven by capital outflows from crypto ETFs, weakening correlation with tech stocks, investor caution ahead of US economic data and Fed meetings, and competition from AI sectors. Institutional investors appear to be trimming crypto ETF positions amid uncertain macro conditions, signaling a cautious outlook for crypto assets.
Bitcoin briefly dropped below $60,000 following a strong US jobs report that led to a broad market selloff, including stocks, bonds, and cryptocurrencies. The report caused markets to price in higher interest rates for longer, pushing Treasury yields...
Uniswap set a new daily record by burning 134,000 UNI tokens under its UNIfication mechanism, reflecting increased fee collection and token burns across multiple blockchains. Hayden Adams, Uniswap's creator, expressed strong bullish sentiment on DeFi...
Ethereum's price plunged 10% on June 5, leading a broad altcoin sell-off that pushed total altcoin market capitalization below $880 billion. Zcash fell over 40% after an AI-discovered security flaw in its Orchard shielded pool was revealed, causing p...
Cardano's ADA cryptocurrency has plunged to its lowest price since 2021, trading at $0.18 after losing nearly 73% of its value in 12 months. The decline is driven by failing decentralized finance (DeFi) tools and broad market liquidations affecting a...
A previously inactive wallet sold 10,000 ETH for $17.72 million USDC, highlighting a broader risk-off trend with $3.5 billion exiting stablecoins this week. Ethereum is correcting over 33% from its peak, testing key $1,500 support, while its RSI hits...
