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Ethereum, the second-biggest cryptocurrency, has not met investors’ expectations this year, especially when compared to Bitcoin. Over the past six months, Ethereum’s price has dropped around 35%. This downward trend has continued even after spot Ether exchange-traded funds (ETFs) started in the U.S. in July. In the last 30 days, Ethereum’s price has lost 23% and…
The launch of U.S.-based spot Ether ETFs has led to mixed results for Ethereum’s price. BlackRock’s iShare Ethereum Trust (ETHA) attracted inflows of $91.4 million on August 1st, showing positive activity. Meanwhile, Grayscale’s Ethereum Trust (ETHE) continues to experience outflows, with the total amount exceeding $2 billion since it was converted to a spot product. See…
The recent increase in Ethereum whale transactions has caused volatility in Ethereum’s price. Whale Transactions and Market Dynamics Four major players sold a massive $106 million worth of ETH, leading to concerns about Ethereum’s price dropping below $3,000 soon. Whale transactions involve moving large amounts of cryptocurrency and often affect the market, making it more volatile…
