Ethereum

Bitcoin

when

<ul class="wp-block-list news-points"> 
 <li>Bitcoin suffers a 10% loss in less than one week.</li> 
 <li>Users accuse Vitalik Buterin of not believing in ETH as a store of value.</li> 
 <li>Whales sell off crypto assets to avoid liquidation.</li> 
</ul> 
The crypto market has been experiencing a rough week, with Bitcoin leading the decline, falling 10% since Monday. Bitcoin’s most significant daily drop occurred on Tuesday when a flash crash sent its price plummeting from $63,236 to $58,090 in just three hours. 
Coinglass, a cryptocurrency analysis platform, found that ETH traders lost over $100 million in liquidations, exceeding the $95 million in losses suffered by Bitcoin traders. An Altcoin Buzz YouTube host and crypto analyst <a href="https://www.youtube.com/watch?v=9aet8IDcdy0" target="_blank" rel="nofollow">highlighted</a> that Ethereum’s price faced increased selling pressure from ETF investors and whales. 
Meanwhile, the analyst noted that the selling pressure led to several crypto users accusing Ethereum co-founder Vitalik Buterin of not believing in ETH as a store of value. As of the time the analyst posted the video, Ethereum ETF had experienced a daily net outflow of up to $13.2 million, stretching the ETF’s negative streak to eight consecutive days of net outflows. 
According to the analyst, a similar tre…
The post <a href="https://coinedition.com/crypto-slump-bitcoin-dips-ethereum-sees-outflows/">Crypto Slump: Bitcoin Dips, Ethereum Sees Outflows</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Slump: Bitcoin Dips, Ethereum Sees Outflows

Coin Edition

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