Ethereum

2024

Solana

Coin

<ul class="wp-block-list news-points">
 <li><strong>Ethereum dipped to $2,111, aligning with the major downturn in the crypto market.</strong></li>
 <li><strong>The US and Japanese stock markets experienced a severe downward pull, impacting the global economy.</strong></li>
 <li><strong>Colin Wu pointed out the surge in ETH gas fees, that had reached 710 gwei.</strong></li>
</ul>
<p>Crypto reporter Colin Wu highlighted Binance’s insights on the unexpected ETH price drop, which saw Ether (ETH) plummet as low as $2,111.</p>
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   <p lang="en" dir="ltr">According to Binance, ETH suddenly plummeted to a low of US$2,111 and then rebounded. The amount of liquidation in one hour has reached 370 million US dollars. <a href="https://t.co/4NubMUhFY7" target="_blank" rel="noopener noreferrer nofollow">https://t.co/4NubMUhFY7</a> <a href="https://t.co/VvmiqfmOQF" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/VvmiqfmOQF</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1820268374825538025?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 5, 2024</a>
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<p>As of press time, <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH is trading at</a> $2,350, marking a steep of almost 20% decline in just one day. The token has experienced notable declines of 30% and 20% over the last week and month, respectively. Amidst this <a href="https://coinedition.com/bearish-momentum-grips-crypto-market-sol-ton-apt-tumble/" rel="noopener noreferrer nofollow">bearish trend</a>, investor activity has surged, with trading volume increasing by a massive 127% over the last 24 hours.</p>
<p>The plummet in Ethereum’s price aligns with the broader <a href="https://coinmarketcap.com/" target="_blank" rel="noopener noreferrer nofollow">crypto market downturn</a>. Bitcoin (BTC) has fallen 10.79% in the last 24 hours, currently priced at $54,123. Solana (SOL) dipped to …</p>
<p>The post <a href="https://coinedition.com/crypto-crash-ethereum-plunges-as-us-japan-stocks-slide/" rel="noopener noreferrer nofollow">Crypto Crash: Ethereum Plunges as US, Japan Stocks Slide</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Crypto Crash: Ethereum Plunges as US, Japan Stocks Slide

Coin Edition

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