Ethereum

Bitcoin

The cryptocurrency market saw a downtrend as <a href="https://en.coin-turk.com/bitcoin-poised-for-potential-price-surge-next-month-key-catalyst-identified-by-crypto-analyst/" data-wpel-link="internal">Bitcoin</a> started the day with a dip, dragging its price back to the $30,000 level. Influenced by Bitcoin’s losses, the crypto market followed the downward trend. Ethereum, losing over 1.5% in the last 24 hours, began trading at $1,877. The total market cap of the crypto ecosystem fell to $1.17 trillion according to CoinMarketCap data at the time of writing.&nbsp; 
<h2 style="text-align: justify" id="span-data-contrast-auto-the-crypto-market-kicks-off-with-a-decline-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">The Crypto Market Kicks off with a Decline&nbsp;</h2> 
While the decline in the market and Ethereum’s losses continue, crypto analytics platform Santiment shared updated data and critical metrics, revealing a decrease in the exchange supply of Ethereum.&nbsp; 
Ethereum started trading at $1,877 after falling below the $1,900 price level as the crypto market entered a new decline. Despite the downturn in the crypto market and the continued losses in Ethereum, Santiment shared critical metrics and drew attention to the latest data.&nbsp; 
<h2 style="text-align: justify" id="span-data-contrast-auto-exchange-supply-of-eth-continues-to-decrease-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">Exchange Supply of ETH Continues to Decrease&nbsp;</h2> 
The crypto analytics platform Santiment reported that the supply of <a href="https://en.coin-turk.com/the-price-is-falling-when-it-should-be-rising-among-the-top-5-cryptocurrencies/" data-wpel-link="internal">ETH</a> on cryptocurrency exchanges continues to decline. Additionally, the average transaction fees have returned to levels last seen in March, before the price of Ethereum rose to $2,100. They reported: “Even though Ethereum couldn’t maintain the $1,900 level for now, the supply continues to move away from exchanges. Moreover, the average fees have returned to levels seen just before the $ETH price rose to $2,100 in March.”&nbsp; 
<img decoding="async" loading="lazy" class="aligncenter wp-image-85844 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/eth-24.png" alt="" width="1366" height="1252" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/eth-24.png 1366w, https://en.coin-turk.com/wp-content/uploads/2023/06/eth-24-185x170.png 185w, https://en.coin-turk.com/wp-content/uploads/2023/06/eth-24-768x704.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/eth-24-1200x1100.png 1200w, https://en.coin-turk.com/wp-content/uploads/2023/06/eth-24-112x103.png 112w" sizes="(max-width: 1366px) 100vw, 1366px"> 
The post <a rel="nofollow" href="https://en.coin-turk.com/crypto-market-dips-as-bitcoin-retreats-to-30k-ethereum-supply-decreases-on-exchanges/" data-wpel-link="internal">Crypto Market Dips as Bitcoin Retreats to $30k, Ethereum Supply Decreases on Exchanges&nbsp;</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Crypto Market Dips as Bitcoin Retreats to $30k, Ethereum Supply Decreases on Exchanges

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