Ethereum

2024

Azuki

<p>In the world of cryptocurrencies, highs and lows follow each other, leaving investors in a whirlwind of emotions. Just as we celebrated the peaks reached by Bitcoin, the cryptographic market plunges once again into the abyss of red.</p> 
<h2 id="h-crypto-market-volatility-and-fluctuations-ahead">Crypto market: volatility and fluctuations ahead</h2> 
<p>During the <strong>halcyon days of Bitcoin</strong>, with its <a href="https://www.cointribune.com/en/bitcoin-surpasses-69000-its-all-time-high-since-2021/" target="_blank" rel="noreferrer noopener">new historical highs</a> and its overwhelming domination of the stock market (e.g., <a href="https://www.cointribune.com/en/bitcoin-surpasses-swiss-franc/" rel="noreferrer noopener" target="_blank">outclassing the Swiss franc</a> in terms of market capitalization), <strong>other cryptocurrencies also experienced remarkable growth</strong>. Altcoins and memecoins rose in tandem with the crypto star, offering a striking show for market watchers.</p>
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<p>However, <strong>this euphoria was short-lived</strong>, smothered by the <strong>volatility inherent in the world of cryptocurrencies</strong>. <a href="https://nulltx.com/crypto-market-witnesses-significant-sell-off-but-holds-steady/?utm_source=coingecko&amp;utm_content=coingecko&amp;utm_campaign=coingecko&amp;utm_medium=coingecko&amp;utm_term=coingecko" target="_blank" rel="noreferrer noopener">NullTX</a> offers an in-depth analysis of this recent setback.</p> 
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     <p lang="en" dir="ltr">According to Blur, due to the sharp rise in ETH price, Ethereum NFTs have experienced significant declines in ETH prices recently. Blue-chip NFTs such as BAYC, Pudgy Penguins, MAYC and Azuki have all fallen by more than 20% in the past week. More than 70 BAYCs are in liquidation…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1765197900945260926?ref_src=twsrc%5Etfw">March 6, 2024</a>
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<p>Within the sphere of cryptocurrency, <strong>roller coaster fluctuations are common currency</strong>, and the last 24 hours have been no exception, with a drop of more than 2% in the global cryptocurrency market.</p> 
<p><strong>Ethereum (ETH)</strong> has been particularly shaken, with <strong>a dizzying drop of over 15% in just five hours</strong>, plummeting to $3,220 before bouncing back spectacularly to reach a new peak at $3,901.</p>  
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<p>However, this surge did not spare Ethereum NFTs, which were hit hard. <strong>Giants like BAYC, Pudgy Penguins, MAYC, and Azuki have all undergone declines exceeding 20%</strong> over the last week. So much so that more than 70 BAYC are now in liquidation, available at auction on Blend.</p> 
<h2 id="h-whale-maneuvers-volatility-and-accumulation">Whale maneuvers: Volatility and accumulation</h2> 
<p>Following the recent market volatility, <strong>whales are making headlines</strong> with bold moves and massive accumulations.</p> 
<p>A whale recently invested $3.22 million in 50.43 $WBTC at $63,828 and $1 million in 286 $ETH at $3,502. This same whale has already amassed an impressive total of $37.3 million in $WBTC at $45,903 and $28.06 million in $ETH at $2,509, reaping a latent profit exceeding $30 million.</p> 
<p>In another episode, on-chain reports reveal the awakening of a gigantic whale, 0xd98, after three years of slumber. It has recently deposited $38.5 million in $ETH on Bitfinex at $3,850, while the market began a bounce back.</p> 
<p>With these strategic movements, whales continue to shape the landscape of cryptocurrencies, highlighting the importance of monitoring their activity to grasp market dynamics and make informed decisions.</p>
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Crypto Rollercoaster: The Highs and Lows of the Past 24 Hours

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Cointribune EN

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