Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»Coin Market This Week: Bitcoin and Ethereum Fall, Bitcoin Recovery
ETHEREUM NEWS

Coin Market This Week: Bitcoin and Ethereum Fall, Bitcoin Recovery

By Crypto FlexsJanuary 28, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Coin Market This Week: Bitcoin and Ethereum Fall, Bitcoin Recovery
Share
Facebook Twitter LinkedIn Pinterest Email
Illustration by Mitchell Preffer for Decrypt.

Bitcoin (BTC) I had a depressing week after that. Historical Approvals and Transactions It is one of several cryptocurrency exchange-traded funds (ETFs).

Largest cryptocurrency by market capitalization fell hard next monday For Sale That’s according to digital asset fund manager Grayscale. The virtual coin fell below $40,000 ($38,678) on Tuesday but slowly recovered as the week went on.

It is currently trading at $41,830 according to CoinGecko data. showA movement of less than 1% over 7 days.

Before Grayscale’s Bitcoin ETF began trading, it operated like a closed-end fund, with investors unable to redeem their shares for BTC. However, following the conversion and subsequent transactions, investors began to cash out quickly.

This led to Grayscale sending massive amounts of the cryptocurrency to its custodian, Coinbase, putting pressure on the BTC price.

Grayscale’s selling is likely to slow towards the weekend, leading to a rebound in BTC price.

But it’s not all bad news: analysts said decryption Bitcoin could “increase in attractiveness” in 2024 if the Federal Reserve cuts interest rates.

However, BTC’s plunge this week has had implications for the broader cryptocurrency market. Ethereum (ETH) It fell to $2,186 on Tuesday and never really recovered, posting an 8% loss for the week. It is currently trading at $2,264.

It fell after the announcement from the U.S. Securities and Exchange Commission (SEC). decided to postpone ETH ETF proposal from BlackRock and Grayscale.

Elsewhere, Solana (SUN) I was beaten. Earlier this week, it was one of the worst performing cryptocurrencies. It has since been on the rise and is trading at $92.60, up more than 1% over the past seven days.

while Dogecoin (DOGE)—The original meme coin and the 11th largest cryptocurrency—pumping As the week began, we slowly got back to where it started, with speculation that it could be used for Twitter payments. This week it started at $0.08 and is back to where it was at the time of writing.

Edited by Ryan Ozawa.

Stay up to date with cryptocurrency news and receive daily updates in your inbox.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025
Most Popular

Worldcoin has revealed that Malaysians can now digitally prove their humanity using the project’s orbs.

August 17, 2024

Tips for purchasing custom essays and more

March 3, 2024

IAGENT secures $ 3M, launches $ AGNT and introduces a new ERC-** standard to AI agent.

March 18, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.