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>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <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>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<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

Other articles published on Aug 5, 2024

How to Buy Ethernity Chain Coin?

Hackers Buy Ethereum During Price Drop

Do Kwon to be Extradited to South Korea: Montenegro Court Upholds Decision

Prominent Analyst Reveals the Level to Hold to Avoid a Fall to $40,000 in Bitcoin

Bitcoin crashes below $53K, wiping out $600M in leveraged longs

BNB Chain Announces Winners of Second BNB Incubation Alliance Round

Join our free newsletter for daily crypto updates!