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news-imageOctober 26, 2024

Why Did The Bitcoin And Ethereum Price Crash?

The Bitcoin and Ethereum price have crashed in the last 24 hours, dropping below $67,000 and $2,500, respectively. This price crash came following news about the alleged investigation into the USDT issuer Tether.
Publisher: Bitcoinist
Sentiment: Negative
BTC
ETH

More News Articles

Positive
cover-imageThe Currency Analytics
October 26, 2024

Bitcoin's Price Recovery Gains Momentum as Market Stabilizes

The cryptocurrency market is experiencing a rebound, prompting discussions about whether Bitcoin has finished its recent correction. After a notable sell-off on Wednesday that saw market capitalization drop to $2.23 trillion, the total has since recovered to around $2.32 trillion, reflecting a slight 0.1% increase in the last 24 hours.

Positive
cover-imageBitcoin
October 26, 2024

TeraWulf: Overview of a Rising Bitcoin Miner in 2024

TeraWulf stands out as a top-performing Bitcoin mining stock in 2024, up 70% YTD with 62.49% institutional ownership. Discover How Financial Health, Expansion, and Low-Cost Energy Fuel TeraWulf's success The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks, educational tools, and industry insights. Originally published on Oct.

Positive
cover-imageCrypto Reporter
October 26, 2024

Analyzing Ethereum: What to Expect From Uptober's Momentum

Explore Ethereum's recent market trends, whale movements, and upcoming upgrades as we analyze potential bullish momentum in Uptober's trading landscape. Ethereum is an established trading platform for cryptocurrencies. It uses decentralized technologies to enable the development of smart contracts. Founded by Vitalik Buterin in 2014, Ethereum stands firmly behind Bitcoin.

Positive
cover-imageCoingape
October 26, 2024

Coinbase Unveils On-Chain AI Agents On Ethereum L2 Base

Coinbase announced a new set of fully on-chain AI agents users can create in under three minutes on its Ethereum L2 network Base. Built with tools from Coinbase, OpenAI, and Replit, these agents can manage crypto wallets, connect with X (formerly Twitter), and perform other tasks.

Negative
cover-imageThe Currency Analytics
October 26, 2024

Bitcoin ETF Outflows Hit $79 Million, Breaking Seven-Day Inflow Streak: A Temporary Setback or Market Shift

The momentum behind Bitcoin exchange-traded funds (ETFs) in the United States has seen a sudden reversal, with a sharp outflow of $79.01 million on Tuesday, breaking a remarkable seven-day streak of positive inflows. This change has ignite questions about whether this is a temporary setback or the beginning of a broader market shift.

Negative
cover-imageCoingape
October 26, 2024

Bitcoin Miner Bitmain Caught Up In This Regulatory Crossfire

Taiwan Semiconductors Manufacturing Company (TSMC) reportedly halted chip shipments to Xiamen Sophgo, a Chinese semiconductor firm linked with Bitmain co-founder and chairman Micree Zhan, amid an ongoing US investigation into possible sanctions violations related to Huawei. According to a reports, TSMC stopped supplying chips to Sophgo earlier this month after the US Commerce Department launched

Neutral
cover-imageCoingape
October 26, 2024

Bitwise CEO Comments On BTC Selling Pressure Amid Bitcoin ETFs Milestone

Bitwise CEO Hunter Horsley has defended the Spot Bitcoin ETFs following criticism that these funds are responsible for the BTC selling pressure that has caused the flagship crypto to stay below its current all-time high (ATH). This comes amid the Bitcoin ETFs closing in on Satoshi Nakamoto's 1.1 million BTC holdings after witnessing three consecutive

Positive
cover-imageCryptopolitan
October 26, 2024

TON holders expected to top Ether's by year-end

TON (The Open Network) is on track to overtake Ether in holder numbers by the end of the year. According to Maarten, a Community Analyst at CryptoQuant, TON has attracted around 500,000 new holders daily over the past month, pushing its total count to 112 million.

Negative
cover-imageThe Currency Analytics
October 26, 2024

Ethereum Faces Potential December Drop Amid Historical Trends

Ethereum (ETH) has recently shown bullish momentum, managing to briefly break through the crucial resistance level at $2,700, bolstered by the 100-day moving average. However, this positive trend was short-lived, as the altcoin encountered significant selling pressure, causing its price to drop over 2% in the past 24 hours, settling at approximately $2,552.

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