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news-imageDecember 19, 2024

Ethereum (ETH) Price: Market Weighs Impact of 7.8M Token Binance Withdrawal

Large-scale Ethereum withdrawals from exchanges, particularly 7.8 million ETH from Binance, have yet to impact price action as ETH trades at $3,858 amid technical bearish signals and Deutsche Bank's layer-2 development news.
Publisher: Blockonomi
Sentiment: Negative
ETH

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Neutral
cover-imageThe Currency Analytics
December 19, 2024

7.8 Million Ethereum Withdrawn from Binance: What's Next for ETH's Price

Ethereum has recently seen a dramatic shift in its market dynamics, with a large number of ETH being withdrawn from centralized exchanges, particularly Binance. In the past two months alone, more than 7.8 million Ethereum have left Binance, drives speculation about the cryptocurrency's price movement and long-term prospects.

Positive
cover-imageUToday
December 19, 2024

BlackRock Ethereum ETF Breaking Charts: Details

The BlackRock iShares Ethereum Trust (ETHA) has continued outperforming its peers after recording a 14-day inflow streak. Per data from Farside Investors, ETHA recorded an $81.9 million inflow on Dec. 18, bringing its total inflow to $3.446 billion.

Positive
cover-imageCointribune
December 19, 2024

Kraken Accelerates The Launch Of Its Ink Blockchain On Ethereum

On December 18, 2024, Kraken, one of the largest crypto exchange platforms, announced the launch of its level 2 blockchain, Ink, on the Ethereum mainnet. This launch, initially planned for early 2025, was moved up due to the enthusiasm of the community and the rapid progress made by the development team.

Positive
cover-imageThe Currency Analytics
December 19, 2024

BlackRock's Bitcoin and Ethereum ETFs See Historic $860 Million Inflows in 24 Hours

BlackRock's Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) witnessed a remarkable $860 million surge in just 24 hours. This surge underscores the growing interest from institutional investors in crypto-backed financial products, signaling a major shift in how traditional financial markets are engaging with digital assets.

Negative
cover-imageNewsBTC
December 19, 2024

7.8M Ethereum Leaves Binance In Two Months—What Does This Mean for ETH?

The Ethereum market has recently seen a notable shift, with significant outflows from centralized exchanges sparking discussions about the near term trajectory of the cryptocurrency. Amid this, Ethereum has recorded a 2.4% decrease in the past 24 hours with a current trading price of $3,858, marking a 21.1% decrease away from its all-time high of $4,878 seen in 2021.

Negative
cover-imageThe Currency Analytics
December 18, 2024

Ethereum Mega Whales Control Over 57% of Supply: What It Means for the Network

On-chain data from the analytics firm Santiment has revealed a striking trend in the Ethereum (ETH) market: the largest holders, or “mega whales,” now control more than 57% of the total supply of Ethereum. This growing concentration of ETH supply has significant implications for the network, particularly given Ethereum's shift to a Proof-of-Stake (Pos) consensus mechanism.

Negative
cover-imageBenzinga
December 18, 2024

Bitcoin, Ethereum, XRP, Dogecoin Plummet Despite Anticipated 25 Basis Point Rate Cut

Cryptocurrency markets are trading lower on Wednesday despite the Federal Reserve announcing a 0.25% rate cut in its latest FOMC meet. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $102,173.74 -3.9% Ethereum (CRYPTO: ETH) $3,714.81 -5.5% Solana (CRYPTO: SOL) $210.29 -7.3% XRP (CRYPTO: XRP) $2.36 -9.3% Dogecoin (CRYPTO: DOGE) $0.3654 -8.4% Shiba Inu (CRYPTO: SHIB) $0.00002458 -8.2% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 3.4% and daily active addresses falling by 12.8%.

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