#CryptoMarket Crash: Should Investors Be Worried?
What Sparked Today's #Crypto Market Sell-Off?
Must Read This 👇👇 #Bitcoin #Ethereum #XRP #SOL
https://coinpedian.substack.com/p/why-is-the-crypto-market-down-today-b7c
What Sparked Today's #Crypto Market Sell-Off?
Must Read This 👇👇 #Bitcoin #Ethereum #XRP #SOL
https://coinpedian.substack.com/p/why-is-the-crypto-market-down-today-b7c
Substack
Why Is the Crypto Market Down Today?
Can Bitcoin Recover from $61K Drop?
Top Reasons for #CryptomarketCrash and #BTC Below $50K
🔴Rising US Recession Fears: Weak jobs report increases recession fears, impacting #crypto and other assets.
🔴Disappointing Jobs Report: Only 114,000 jobs added in July; unemployment rate rose to 4.3%.
🔴Massive Liquidations: Over $800 million liquidated in 24 hours; Bitcoin and ETH saw sharp drops.
🔴Political Uncertainty: Trump losing ground to Kamala Harris in polls.
🔴Geopolitical Tensions: Ongoing Israel/#Gaza conflict.
🔴Worst Sell-Off Since FTX: Bitcoin's worst drop since FTX collapse;Investors are avoiding risky investments now.
🔴Bitcoin Long Liquidations Surge: $241 million in long positions liquidated, worsening market conditions.
🔴Stock Market Decline: Broader stock market fall contributes to the downward pressure on crypto.
🔴ETF Outflows: Significant outflows from #Bitcoin and #Ethereum ETFs worsen market decline.
🔴Rising US Recession Fears: Weak jobs report increases recession fears, impacting #crypto and other assets.
🔴Disappointing Jobs Report: Only 114,000 jobs added in July; unemployment rate rose to 4.3%.
🔴Massive Liquidations: Over $800 million liquidated in 24 hours; Bitcoin and ETH saw sharp drops.
🔴Political Uncertainty: Trump losing ground to Kamala Harris in polls.
🔴Geopolitical Tensions: Ongoing Israel/#Gaza conflict.
🔴Worst Sell-Off Since FTX: Bitcoin's worst drop since FTX collapse;Investors are avoiding risky investments now.
🔴Bitcoin Long Liquidations Surge: $241 million in long positions liquidated, worsening market conditions.
🔴Stock Market Decline: Broader stock market fall contributes to the downward pressure on crypto.
🔴ETF Outflows: Significant outflows from #Bitcoin and #Ethereum ETFs worsen market decline.
Source: https://sosovalue.com/assets/etf/us-eth-spot
🔵#Ethereum Spot ETF: $98.3006 million inflow on August 6; total value of $7.06 billion.
🔵#Grayscale ETF (ETHE): $39.7293 million outflow on August 6.
🔵#BlackRock ETF (ETHA): $110 million inflow on August 6.
🔵#Fidelity ETF (FETH): $22.4894 million inflow on August 6.
🔵Overall: Mixed inflows and outflows across different #EthereumETFs.
🔵#Ethereum Spot ETF: $98.3006 million inflow on August 6; total value of $7.06 billion.
🔵#Grayscale ETF (ETHE): $39.7293 million outflow on August 6.
🔵#BlackRock ETF (ETHA): $110 million inflow on August 6.
🔵#Fidelity ETF (FETH): $22.4894 million inflow on August 6.
🔵Overall: Mixed inflows and outflows across different #EthereumETFs.
Top #CryptoNews in Past 12 Hours
1️⃣ #Coinbase added #ZetaChain and Across Protocol to its listing roadmap.
2️⃣ #Alameda sent 205.38k WLD to Binance, marking their first CEX transfer.
3️⃣ #OKX closed accounts linked to Tornado Cash, enforcing strict sanctions compliance.
4️⃣#Tether plans to double its staff to 200 in the next year, enhancing compliance and monitoring illegal activities.
5️⃣ On August 8, #Bitcoin spot ETFs saw $193M inflow, despite Grayscale's $183M outflow.
6️⃣ On August 8, #Ethereum spot ETFs saw a $2.8737M net outflow overall.
7️⃣ #Grayscale Research anticipated Bitcoin's rebound to all-time highs if recession is avoided.
8️⃣ Turkey revealed 47 crypto companies seeking licenses, including Bitfinex and #Binance TR.
9️⃣On Aug. 9, 32,000 $BTC options and 206,000 $ETH options were set to expire.
1️⃣ #Coinbase added #ZetaChain and Across Protocol to its listing roadmap.
2️⃣ #Alameda sent 205.38k WLD to Binance, marking their first CEX transfer.
3️⃣ #OKX closed accounts linked to Tornado Cash, enforcing strict sanctions compliance.
4️⃣#Tether plans to double its staff to 200 in the next year, enhancing compliance and monitoring illegal activities.
5️⃣ On August 8, #Bitcoin spot ETFs saw $193M inflow, despite Grayscale's $183M outflow.
6️⃣ On August 8, #Ethereum spot ETFs saw a $2.8737M net outflow overall.
7️⃣ #Grayscale Research anticipated Bitcoin's rebound to all-time highs if recession is avoided.
8️⃣ Turkey revealed 47 crypto companies seeking licenses, including Bitfinex and #Binance TR.
9️⃣On Aug. 9, 32,000 $BTC options and 206,000 $ETH options were set to expire.
#Ethereum Fees Plunge to Five-Year Low
🔵Ethereum transaction fees have hit a five-year low, with some low-priority transactions costing around 1 gwei or less.
🔵On August 10, Ethereum's median gas fees dropped to 1.9 #gwei, a 98% decrease from March's high.
🔵As of August 12, low-priority transactions taking about 10 minutes were priced at 1 gwei (around seven cents).
🔵The fee drop is due to increased activity on #layer2 networks, reducing load on the Ethereum mainnet.
Source: https://etherscan.io/gasTracker
🔵Ethereum transaction fees have hit a five-year low, with some low-priority transactions costing around 1 gwei or less.
🔵On August 10, Ethereum's median gas fees dropped to 1.9 #gwei, a 98% decrease from March's high.
🔵As of August 12, low-priority transactions taking about 10 minutes were priced at 1 gwei (around seven cents).
🔵The fee drop is due to increased activity on #layer2 networks, reducing load on the Ethereum mainnet.
Source: https://etherscan.io/gasTracker
🚀 Big News! For the first time since the #Ethereum Spot #ETF launch, #Grayscale didn’t sell a single $ETH yesterday!
#crypto #cryptonews
Source: https://farside.co.uk/eth/
#crypto #cryptonews
Source: https://farside.co.uk/eth/
#EthereumETF Movements on August 13
🔵Total net inflow of #Ethereum spot #ETFs: $24.3412 million.
🔵#Grayscale ETF (ETHE) experienced an outflow of $31.01 million.
🔵#BlackRock ETF (ETHA) saw an inflow of $49.1244 million.
🔵#Fidelity ETF (FETH) had an inflow of $5.4132 million.
Source: https://farside.co.uk/eth/
🔵Total net inflow of #Ethereum spot #ETFs: $24.3412 million.
🔵#Grayscale ETF (ETHE) experienced an outflow of $31.01 million.
🔵#BlackRock ETF (ETHA) saw an inflow of $49.1244 million.
🔵#Fidelity ETF (FETH) had an inflow of $5.4132 million.
Source: https://farside.co.uk/eth/
#EthereumETF Activity on August 15
🔵Total Net Outflow: #Ethereum spot #ETFs experienced a net outflow of $39.2 million.
🔵#Grayscale ETHE Outflow: Investors withdrew $42.5 million from the Grayscale ETHE ETF.
🔵#Fidelity FETH Inflow: The Fidelity Ethereum ETF received an inflow of $2.5 million.
🔵Total Net Asset Value: The total net asset value of Ethereum spot ETFs was $7.16 billion.
#cryptoNews #Crypto
Source: https://farside.co.uk/eth/
🔵Total Net Outflow: #Ethereum spot #ETFs experienced a net outflow of $39.2 million.
🔵#Grayscale ETHE Outflow: Investors withdrew $42.5 million from the Grayscale ETHE ETF.
🔵#Fidelity FETH Inflow: The Fidelity Ethereum ETF received an inflow of $2.5 million.
🔵Total Net Asset Value: The total net asset value of Ethereum spot ETFs was $7.16 billion.
#cryptoNews #Crypto
Source: https://farside.co.uk/eth/