Unpacking Ethereum’s Recent Price Drop The cryptocurrency market has started the week with noticeable declines, continuing a trend of profit-taking across various assets. Ethereum, in particular, was hit hard, experiencing a significant retreat of nearly 10% from its multi-year highs reached just last week. The price of Ether dropped to approximately $4,250, while Bitcoin hovered…
The $6 Billion Whale Exodus and Its Market Impact The cryptocurrency market is currently facing a significant warning signal from XRP’s price action, driven by a massive exodus of capital from large holders, commonly known as whales. In a period of just three weeks following its new peak, XRP whales have collectively offloaded an estimated…
Historic Sell-Pressure Hits Ethereum Ethereum’s native token, Ether (ETH), may be forming a local top as its selling pressure approaches a historic extreme. According to data from CryptoQuant, the network’s Net Taker Volume dropped to -$418.8 million on Tuesday, marking the second-largest daily outflow ever. This metric indicates a significant market imbalance, with 115,400 more…
