Ethereum price is down 7.37% in the past 24 hours.
Grayscale transferred $486M ETH, adding to market volatility.
In a major downturn for the cryptocurrency market, the total global market cap decreased by 3.83%, settling at $2.31 trillion, with trading volumes falling by 8%. Major cryptocurrencies, Bitcoin dipped below $64,000, while Ethereum saw a sharp decline of 7.37% in the past 24 hours, and its trading volume dropped by 12%.
This bearish trend is largely attributed to the launch of Ethereum ETFs. Just seven months after the first spot Bitcoin ETFs hit the market, the Securities and Exchange Commission (SEC) approved nine Ethereum ETFs for trading. However, the market reacted unfavorably, with all nine ETFs posting significant losses. Despite this, the total volume for the new ETFs surpassed $1.08 billion on the first day, indicating substantial interest.
Adding to the market’s volatility, Grayscale transferred 140,044 ETH ($485.6 million) to Coinbase Prime and rece
We współpracy z: https://thenewscrypto.com/grayscale-moves-486m-eth-amid-ethereum-etf-setback/
