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news-imageJune 24, 2023

Opportunistic Ethereum Trader Exploits TrustToken's TrueUSD Suspension to Capitalize on Market Volatility

TrustToken's recent decision to temporarily suspend mints and redemptions of its stablecoin, TrueUSD (TUSD), through its banking partner, Prime Trust, has created a window of opportunity for astute Ethereum traders to capitalize on the situation. Leveraging on-chain data and the lending platform Aave's v2, one trader strategically utilized their collateral to borrow and sell TUSD, establishing a short position on the asset.
Publisher: The Currency Analytics
Sentiment: Positive
ETH
TUSD

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Positive
cover-imageUToday
November 23, 2024

Enormous XRP Breakthrough: $2 in Sight, Dogecoin (DOGE) at Pivotal Price Level, Ethereum (ETH) Forms Very Dangerous Pattern

With its spectacular breakout and potential rally toward the $2 mark, XRP has been causing a stir on the cryptocurrency market. Given that XRP has broken through significant resistance levels and shown resilience in continuing on its upward trajectory, the current price action indicates strong bullish momentum.

Negative
cover-imageCoinPedia
November 22, 2024

Ethereum Price at Risk? Bearish Chart Patterns Warning

Ethereum (ETH), the world's second-largest cryptocurrency by market cap, appears bearish and is poised for a price decline. The reasons for this include how ETH is lagging behind top assets like Bitcoin (BTC) and Solana (SOL), its current price action formation, the latest sell-offs by whales, and more.

Neutral
cover-imageBenzinga
November 22, 2024

Bitcoin 'On Brink Of Breaking $100,000,' Dogecoin Up, Ethereum Down: Crypto Community Holds Its Breath As BTC Guns For Milestone

Cryptocurrency markets are trading higher, with Bitcoin hovering around $100,000 and Jim Cramer suggesting it is “a winner.” Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $99,254.71 +0.88% Ethereum (CRYPTO: ETH) $3,281.28 -2.1% Solana (CRYPTO: SOL) $253.09 -0.8% Dogecoin (CRYPTO: DOGE) $0.3987 +3.7% Shiba Inu (CRYPTO: SHIB) $0.00002463 +0.3% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 47.5% and daily active addresses growing by 27.2%.

Negative
cover-imageCoinPedia
November 22, 2024

Dormant Whale Unloads $224 M ETH: Is a Crash Coming?

What happens when a sleeping crypto giant stirs? That's the question haunting Ethereum traders right now. A wallet that sat untouched since 2016 suddenly became active, sparking a massive selloff. With millions still at play, Ethereum's future feels a bit uncertain.

Negative
cover-imageThe Daily Hodl
November 22, 2024

Crypto Analyst Issues Ethereum Alert, Says ETH Primed To Plunge Lower Against Bitcoin – Here Are His Targets

A closely followed crypto analyst believes that Ethereum (ETH) is potentially on the verge of plummeting against Bitcoin (BTC). Pseudonymous analyst Altcoin Sherpa tells his 230,400 followers on the social media platform X that the low for Ethereum in its Bitcoin pair (ETH/BTC) may not yet be in as the flagship digital asset nears $100,000.

Negative
cover-imageCoingape
November 22, 2024

Dormant Ethereum Whale Dumps $224M Tokens, Has ETH Price Topped?

In an unprecedented event, a dormant Ethereum whale caused a stir across the broader market on Friday, heavily dumping tokens amid the hovering bullish sentiment. Recent data pointed out that the whale dumped nearly $224 million worth of tokens, raising price drop concerns among crypto enthusiasts globally.

Positive
cover-imageThe Currency Analytics
November 22, 2024

Ethereum Dominates Stablecoin Liquidity with 52.59% Share

Ethereum continues to hold a commanding position in the stablecoin market, maintaining 52.59% of the total stablecoin supply, despite rising competition from other blockchain networks like TRON and Solana. As the leading smart contract platform, Ethereum's dominance is evident in both the supply and turnover of stablecoins like Tether (USDT), USD Coin (USDC), and various algorithmic stablecoins.

Negative
cover-imageBeInCrypto
November 22, 2024

Ethereum's $3,400 Ceiling Sparks $163 Million ETF Outflows

Ethereum (ETH) spot exchange-traded funds (ETFs) have witnessed a significant outflow of $163 million this week. This comes as the bullish sentiment trailing the leading altcoin begins to wane, making it a struggle for the coin's price to break through the $3,400 resistance level.

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