Whales Trigger Ethereum Sales
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The cryptocurrency market is experiencing heightened volatility, influenced notably by large-scale investors in Ethereum known as whales. Currently, the price of Ethereum stands at about $3,166. Bitcoin, on the other hand, still struggles to regain its $65,000 support level.
The introduction of Ethereum ETFs has stirred market activities, with trading volumes exceeding $500 million shortly after their launch. This scenario highlights the influential role that institutional products can play in the cryptocurrency space.
Source: en.bitcoinhaber.net ↗
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