Over the weekend, the cryptocurrency market witnessed a wave of selloffs, leading to record liquidations totaling over $1.2 billion in Bitcoin long positions alone. Bitcoin, which had been trading close to the $62,000 mark, saw a significant drop, while Ethereum neared a precarious dip below $3,000.
In the realm of digital currencies, the winds of change blow both hot and cold, and today's market landscape is no exception. As the sun rises on April 16, 2024, investors and enthusiasts find themselves navigating through a sea of fluctuations and uncertainties.
Benjamin Cowen, a crypto analyst and trader, has raised concerns about the potential significant price collapse of Ethereum (ETH).
The crypto market is experiencing heightened volatility, with Ethereum (ETH), the second-largest cryptocurrency by market capitalization, facing significant downward pressure. In a recent market analysis, renowned crypto analyst Ali Martinez issued a cautionary note regarding the ETH price.
Ethereum fell against Bitcoin to its lowest point in three years amid the carnage that followed Bitcoin's fall from $70,000 over the weekend. The ETH-BTC chart reached as low as 0.0462 BTC on Saturday, April 13, down 24% from the year-to-date high of 0.085 BTC.
In the ever-fluctuating realm of cryptocurrencies, today's market paints a picture of contrasting fortunes. Bitcoin and Ethereum, the two titans of the digital asset space, witness a slight downturn, while Core, an emerging player, steals the spotlight with a remarkable surge.
The world's second-largest cryptocurrency Ethereum (ETH) has once again come under strong selling pressure a day after Hong Kong announced the launch of spot Ethereum ETFs. As of press time, the Ethereum (ETH) price is trading 4.53% down trying to find some support around the $3,000 level.
Bitcoin, the flagship cryptocurrency, has dipped below the formidable $63,000 mark, marking a 3.75% decrease within a mere 24-hour window. Despite this downturn, trading volume has surged by 6.25%, reaching a staggering $45 billion.
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