Ether's price dropped below $2,000 for the first time since March, declining nearly 8% over the past week amid rising risk aversion. Despite the price fall, open interest in ether futures surged to a record 16.39 million tokens, indicating aggressive leveraged selling and a bearish market sentiment. Investor confidence is waning due to outflows from U.S. spot ETFs, high-profile departures from the Ethereum Foundation, and doubts about how Ethereum's ecosystem benefits the ETH token. This divergence between price and futures activity suggests continued bearish pressure on Ether in the near term.
XRP dropped sharply to $1.2723, its lowest since February, following US military strikes on Iranian targets near the Strait of Hormuz. This geopolitical event caused nearly $1 billion in forced liquidations across the crypto market, with XRP losing 3...
Bitcoin has been declared "dead" 472 times since 2011 across various market cycles, yet it has grown over 70 million percent in value. Despite recent weak sentiment and price corrections, Bitcoin remains resilient. Currently, traders are showing incr...
Ethereum dropped below $2,000 following US airstrikes on Iran, causing a $1 billion forced liquidation in crypto markets and a sharp price decline. Market sentiment turned bearish with a 63% chance ETH could fall to $1,500, while ETFs saw $500 millio...
On May 28, major cryptocurrencies Bitcoin (BTC) and USD Coin (USDC) experienced significant net outflows of approximately $200 million and $184 million respectively, signaling a risk-off sentiment in the crypto market. Ethereum (ETH) also saw a net o...
Ethereum staking has reached a new high with 32.4% of ETH now locked in staking, up from near zero in early 2021. Meanwhile, the amount of ETH held on exchanges has fallen dramatically from over 33 million in 2021 to about 14.9 million today. This sh...
