Ethereum's price is under pressure not just from internal crypto factors but also due to rising oil prices, which increase inflation fears and reduce risk appetite among investors. Tom Lee highlights a strong inverse correlation between oil prices and Ethereum, with crude oil surging amid geopolitical tensions. This macroeconomic environment makes investors cautious, leading to selective selling of assets like Ethereum. Despite this, Ethereum's underlying infrastructure and institutional interest remain strong, suggesting the current price weakness may be a short-term tactical pullback rather than a lasting decline.
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...
Bitcoin fell below $60,000 for the first time since October 2024, experiencing its worst weekly performance since November 2022 amid growing market anxiety. Over $1.56 billion in trader liquidations occurred in 24 hours, while spot Bitcoin and Ethere...
