2018-6-25 06:31 |
Ethereum, the world's second largest cryptocurrency by market capitalization dropped to a 74-day low below $430 - a level not seen since April 12. origin »
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Ethereum has bounced from oversold conditions, but key moving averages continue to cap upside progress.
U.S. spot Bitcoin ETFs saw $326 million in net outflows on June 5, with Ethereum ETFs losing nearly $6 million, signaling cautious institutional positioning.
Bitcoin’s open interest dropped roughly 25% to $23.2B, its lowest since early April, while Ethereum’s fell 13% to $9.8B, levels last seen in March.
Ethereum has been underperforming since the start of the week, losing 17% of its value over the last seven days. The decline comes amid a massive selloff in the broader cryptocurrency market. Ethereum has lost the $1,700 level, with the bears now targeting the $1,500 psychological level in the near term.
Bitcoin and Ether options worth $1.89B expire as BTC trades near $60K, with hedging demand rising after Middle East ceasefire hopes.
Ethereum (ETH) slipped below $1,800 on Thursday, marking its first drop to this level since February 2026. The bearish performance comes amid accelerating spot selling and increased distribution from long-term holders.
BitMine has moved to raise $300 million through a preferred stock sale as the Ethereum treasury firm turns to dividend-paying securities for fresh capital. According to a Wednesday filing with the U.