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What’s behind today’s Ethereum rally?
What’s behind today’s Ethereum rally?

Share link:In this post: Ethereum has surged over 2%, reclaiming $3,400 due to hype around spot Ethereum ETFs. The VWAP aligns closely with the price, showing strong buying activity today and a weak bearish momentum. On-chain data shows increased investor value appreciation and reduced selling pressure.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent res

Cryptopolitan·2024/07/01 22:31
Solana to become the third-largest crypto in the world this year
Solana to become the third-largest crypto in the world this year

Share link:In this post: Solana is set to become the third-largest cryptocurrency thanks to its high transaction capabilities and active ecosystem. VanEck and ARK 21Shares have applied for Solana ETFs, showing strong market confidence despite some doubts. Raoul Pal believes Solana will lead the next big crypto market expansion.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly

Cryptopolitan·2024/07/01 22:31
The Reason Ethereum Name Service (ENS) Exploded by 20% Today
The Reason Ethereum Name Service (ENS) Exploded by 20% Today

ENS has surged over 20% in the last 24 hours, reaching a price point not seen since January 2022, reflecting renewed investor interest.

Cryptopotato·2024/07/01 20:43
Flash
15:57
No surprise, the "Buddy" account was partially settled again half an hour ago, with the account now holding only $15,000
BlockBeats News, June 5th, according to Hyperinsight monitoring, despite tonight, the "buddy" had actively reduced leverage to avoid liquidation, unfortunately, the liquidation price was too close to the market price, and its Ethereum long position was partially liquidated again half an hour ago. In addition, the "buddy" also transferred $12,500 to Hyperliquid an hour ago, with the collateral value of the long position now only $15,287.62, holding 352 ETH in the long position.
15:41
Bitwise CIO: US Stocks, Crypto Down in Tandem Possibly Due to Mega IPO
BlockBeats News, June 5th, Bitwise CIO Matt Hougan stated in a post that despite strong job data, both the US stock market and cryptocurrency experienced a sharp pullback today. This is because the market is concerned that the upcoming mega IPOs (such as SpaceX, Anthropic) could drain liquidity and serve as a short-term top signal for the tech rally.
15:30
Nasdaq Declines by 2%, Nvidia Shares Drop by 4%
On June 5, U.S. stocks extended their losses, with the Dow Jones Industrial Average down 0.27%, the S&P 500 down 1.08%, and the Nasdaq Composite down 2.02%. Among popular stocks, Nvidia shares fell by 4.01%, TSMC shares dropped by 3.98%, Broadcom shares decreased by 4.67%, Micron Technology shares fell by 5.92%, Advanced Micro Devices shares dropped by 6.45%, ASML shares declined by 3.67%, Intel shares fell by 6.28%, ARM shares decreased by 8.24%, and Tesla shares dropped by 3.61%.
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