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TL;DR Ethereum investors have withdrawn billions from exchanges amid increasing selling pressure in the cryptocurrency market. On-chain data revealed that $1.8 billion worth of Ethereum left exchanges last week, marking the largest outflows since December 2022.
The crypto market continues its downward spiral, with Bitcoin slipping below $80K and Ethereum nearing a critical breakdown. What's driving the sell-off, and how can traders still profit?
The public mainnet of Movement Labs has been officially launched in beta phase, marking a significant step towards the integration of the Movement Virtual Machine (MoveVM) on Ethereum. This development represents an important advancement for the blockchain sector, thanks to the increasingly widespread adoption of Move technology.
Ethereum's price has dropped another 13% over the past week. During Monday's early Asian hours, the leading altcoin plunged to $1,997—its lowest level since December 2023.
Despite President Trump implementing several crypto-friendly measures, such as creating a strategic crypto reserve, the market did not see an increase in buying demand. Last week, the crypto market experienced a decline, with major losses across Bitcoin, Ethereum, and other crypto exchange-traded products. According to a CoinShares report, crypto ETPs have collectively lost $4.
Coinbase's 24/7 crypto futures could enhance US market competitiveness, aligning domestic trading with global crypto activity and standards. The post Coinbase to launch first 24/7 Bitcoin and Ethereum futures in the US appeared first on Crypto Briefing.
As the crypto market slumps, WLF portfolio dropped to $79.6 million. Ethereum accounts for a large portion of the loss of WLFI.
Spain's second-largest bank, BBVA, has secured approval to offer Bitcoin and Ether trading. The move aligns with the shift in European banking as institutions race to comply with MiCA regulations.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, experienced a significant outflow from exchanges over the last week, marking the highest weekly withdrawal since December 2022. This movement signals a shift in investor sentiment, despite lingering pessimism surrounding ETH's price performance.
Bitcoin drops to $81K as Trump's Bitcoin Reserve order fuels uncertainty, liquidations, and market panic.
The mainnet launches with over $233 million worth of BTC, ETH and native asset MOVE in liquidity raised through Movement's Cornucopia program
Ethereum, Solana, and Toncoin hit by millions in outflows; but Bitcoin took the biggest hit with $2.59 billion leaving funds.
Bitcoin (BTC) is trading at $82,327, hovering just above the $82,000 level, but still facing resistance amid ongoing market uncertainty. The recent sell-off driven by exchange outflows has hindered Bitcoin's ability to sustain upward momentum.
Ethereum (ETH) has been struggling around the $2,000 level, unable to regain higher ground as bulls fail to reclaim key resistance zones. Despite positive developments, such as Thursday's U.S. Strategic Bitcoin Reserve executive order signed by President Trump, market sentiment remains bearish.
Ethereum (ETH) experienced a significant drop during the weekend as the market had a “sell the news” moment after President Donald Trump met with leaders from the crypto industry in a widely awaited summit at the White House.
Ethereum briefly lost the $2,000 support level as the trading volume of the cryptocurrency jumped 148%.
Ethereum rose above the psychological $2,000 level after falling to a low of $1,992 on March 4.
Ethereum sees massive whale buying and the biggest exchange outflow since 2022 despite heightened market gloom.
Ethereum's native token, Ether (ETH), witnessed its lowest weekly close since November 2023, highlighting just how much the top altcoin has struggled over the past few months. Ethereum 1-day chart.
Ethereum's highly anticipated Pectra upgrade encountered disruptions on the Sepolia testnet following an exploit that led to empty block mining. The upgrade, which was deployed on March 5, ran into issues a few hours later when developers noticed error messages on their geth node.
The crypto market continues to face headwinds, with Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remaining in a bear market. No good news, including the recent crypto summit, and Strategic Bitcoin Reserve (SBR) has helped the industry.
Spanish bank BBVA has said it received approval from the country's securities regulator to offer Bitcoin and Ether trading services in Spain.
The service will eventually be available to all customers of the 150-year-old bank, which is among Europe's largest.
On-chain data revealed $1.8 billion worth of Ethereum left exchanges last week. The outflows are the largest seen since December 2022.
