Ethereum

2024

Bitcoin

Gains

<p>The post <a href="https://coinpedia.org/news/crypto-market-today-bitcoin-sell-off-hits-record-highs-ethereum-attracts-new-investors/">Crypto Market Today: Bitcoin Sell-Off Hits Record Highs ; Ethereum Attracts New Investors</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>As <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin’s price</a> experiences a downturn, data from behavior analysis platform Santiment reveals a significant trend: Bitcoin holders are moving their assets out of their wallets at an unprecedented rate. This trend mirrors activity seen before <a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin</a> reached its all-time high in March, but unlike then, the current trend reflects growing concerns over potential losses.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-wallets-see-largest-drop-in-holdings-nbsp">Bitcoin Wallets See Largest Drop in Holdings&nbsp;</h2> 
<p>Santiment reports that the number of Bitcoin wallets holding any amount of BTC has seen its most significant drop in three days since March 14th.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> Bitcoin holders have just had their biggest 3-day drop in non-empty wallets since just prior to the March 14th all-time high. Unlike then, BTC has been sliding, provoking traders to liquidate for fear of further drops. Meanwhile, Ethereum wallets keep growing in number. <a href="https://t.co/UIfXLkJ1HH">pic.twitter.com/UIfXLkJ1HH</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1802908407919513757?ref_src=twsrc%5Etfw">June 18, 2024</a>
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<p>This decrease indicates a massive sell-off as Bicoin’s price declines.&nbsp;</p> 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcR1bASSVZJWBs7W0SJuKO-CXLhPa1jnrCMbTjouj4Fy0Pr8MLMufo9kPEPLAjy2BLwLY3IvsaXbTQiWD0mJsqFXC3m6DrAcf6bcSgjTz29ITIZAQE5xxoc4_94li65p8AYmR-3kLO4E7lTzOKH7vBqQWUH?key=YF4NaC5cWQJ_zHLHLR-Aow" alt="">
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<p>Currently priced at $65,651, Bitcoin has fallen from over $71,000 earlier this month and its mid-march peak of $73,000.</p> 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfJ6Gh_R0nKYYLWD7F1aQIaN01VgINY1sPNxjnp61BgDorTkZcHxIPMMMdnyvaRNzQKUk93oG6q8FGTxo_Sca0SGi6Pm7BbDJg5JCpcIfD8TQydXJ-kHrigako77DRJ02__JAuBrGS54llxDhktK2_xWpCh?key=YF4NaC5cWQJ_zHLHLR-Aow" alt="">
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<h2 class="wp-block-heading" id="h-growing-fear-among-bitcoin-investors-nbsp">Growing Fear Among Bitcoin Investors&nbsp;</h2> 
<p>The rapid movement of Bitcoin out of wallets suggests that investors are increasingly worried about further price drops. The 30-day change of BTC stands at -2.1%, with a 7-day change of -3.5% and a 24-hour change of -0.8%. These figures underscore the growing anxiety among Bitcoin holders, prompting them to sell to avoid potential losses.</p> 
<h2 class="wp-block-heading" id="h-ethereum-gains-popularity-nbsp">Ethereum Gains Popularity&nbsp;</h2> 
<p>In contrast to Bitcoin’s decline, the number of wallets holding Ethereum is on the rise. This indicates a growing interest and confidence in Ethereum, despite its own recent price fluctuations. Currently priced at $3,448.3, Ethereum was over $3,850 earlier this month. Despite a 7-day change of -3.1% and a 24-hour change of -33%, Ethereum has seen a 30-day increase of +10.6%.&nbsp;</p> 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXc51osoQu1Ehav57jZ_P2Gz38ureyHnUkSYWDAzuKA1Kz7xuK-aQiFQyrK_trly3RzBvb4xjcH5V8Ph5m-3tjLiuhCDLDgPwvM-09L3t793_MUMPnDrzKeq4PY6rvXphwPGneWdOftGR_CgWCB-g17GG18a?key=YF4NaC5cWQJ_zHLHLR-Aow" alt="">
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<p>The contrasting trends in Bitcoin and Ethereum holdings highlight the shifting dynamics in the cryptocurrency market. As Bitcoin holders react to price drops with caution and sell-offs, Ethereum is gaining new investors and showing resilience. This evolving landscape suggests a potential shift in investor preferences and strategies in the crypto market.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/bitcoin-ethereum-and-xrp-price-prediction-is-the-bull-rally-over/">Bitcoin, Ethereum, And XRP Price Prediction: Is The Bull Rally Over?</a></p> 
<p><em>Stay tuned to </em><strong><em>Coinpedia</em></strong><em> for more interesting updates on this!&nbsp;</em></p>

Crypto Market Today: Bitcoin Sell-Off Hits Record Highs ; Ethereum Attracts New Investors

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