ETH fell more than 7.5% in 24 hours, possibly due to the large amount of capital outflow from Grayscale ETHE, which caused market concerns
Odaily2024/07/25 06:54
By:Odaily
Odaily News In the first few hours of the East Asian trading day, ETH fell more than 7.5% to above $3,100, probably because the market continued to worry about the large outflow of funds from Grayscale ETHE. It is worth noting that the price trend of ETH is closely related to Nvidias stock, which fell by more than 6% today. For most of this year, the price of cryptocurrencies has been closely related to the companys stock trend. (CoinDesk) Earlier today, Trader T data showed that the US spot Ethereum ETF had a total net outflow of US$133 million yesterday, of which Grayscale ETHE had a net outflow of US$326.9 million.
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