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Key points:Bitcoin attempts a rebound into a cluster of shorts as market expectations flip bearish on BTC and altcoins.Speculative ETH traders form the largest-ever leveraged short postion, per data from CME Group.Crypto traders could be de-risking ahead of the US Federal Reserve’s Jackson Hole symp…
Cryptos are facing a pullback to start the new week, with both Bitcoin and Ethereum notably dropping. The former is down close to 2%, adjusting lower after failing to get above $124,000 last week. The latter is seeing a similar rejection of the $4,800 mark. The Friday decline already saw Bitcoin los…
The non-fungible token (NFT) market lost more than $1.2 billion in value in less than a week as Ether’s rally slowed, according to sector data.On Monday, NFT Price Floor data showed that the total valuation of NFT collections had dropped to $8.1 billion, a 12% decline from Wednesday’s NFT market cap…
Global crypto investment products notched $3.75 billion in net inflows last week — the fourth-largest weekly tally on record — with nearly all of the money landing in U.S. vehicles and the bulk of it targeting ether, CoinShares reported on Monday.Total assets under management rose to an all-time hig…
Ethereum prices slipped after hitting a near record last week, with analysts warning that a surge of unstaked coins could weigh on the market later this month.The cryptocurrency rose from $3,698 at the start of August to $4,788 last Thursday, its highest level in four years. But as of 9 am UTC on Mo…
The crypto market ails under pressure, with total capitalization dropping by 1.76% to $3.97 trillion, and daily trading volume dropping 30.1% to $177.4 billion. The fall has come amid macro jitters ahead of Powell’s Jackson Hole speech on August 22. Talking about numbers, a break below the $3.96T Fi…
Ethereum , the second-largest cryptocurrency, has seen a sharp pullback, dropping nearly 5% to around $4,270. The dip came as traders reacted to global economic news, shifting Federal Reserve expectations, and a wave of liquidations that shook the market. With ETH now hovering around $4200, a drop c…
Crypto inflows surged last week, exceeding the one before sixfold. Amidst the capital influx into digital asset investment products, two names dominated the charts: BlackRock and Ethereum.It marks a steady series of positive flows, driving assets under management (AuM) to an all-time high (ATH) of U…
TL;DR$4,200 Becomes Key Support as Selling Risk GrowsEthereum was trading at $4,280 at press time, following a 24-hour drop of 6% and a minor decline over the week. Analysts are closely watching the $4,200 level, where over $2 billion in long positions could be at risk of liquidation, according to C…
Ethereum price has cooled off from the bullish volatility experienced earlier this week during the last two days. The large-cap altcoin, with a fully diluted valuation of about $530 billion, dropped over 3 percent in the past 24 hours to trade at about $4.4 on Friday, August 15, during the mid-Nort…
Investor sentiment toward cryptocurrencies surged this week, with growing retail interest in altcoins suggesting Bitcoin’s recent euphoria phase may be nearing an end, according to analysts.The crypto asset sentiment index rose from 0.23 to 0.91 within a week, according to Max Shannon, senior resear…
Following the short-lived rally in the crypto market this week, Ethereum’s ratio against Bitcoin has climbed above its annual average.Newly emerged data suggest that Ethereum would need to reach approximately $9,600 to revisit its historical peak in the ETH/BTC trading pair.ETH/BTC BreakoutAccording…