Ethereum plunged to retest the critical $2,800 support level on Thursday, mirroring a brutal global market sell-off that erased over $3 trillion in asset value within hours. The sharp decline triggered nearly $1 billion in crypto liquidations in 24 hours, with analysts describing ETH’s prolonged price action as a ‘macro stalemate’ trapped in a well-defined range, offering no clear structural trend for investors.
about Ether Retests $2,800 Support as Crypto Market Wipes $1B in LiquidationsEliz
1 posts last weekZcash Soars 260% to 7-Year High Amid Grayscale Boost
Zcash (ZEC), the privacy-focused cryptocurrency, has exploded with a staggering 260% monthly surge, reaching $546 – its highest price level since early 2018. The remarkable rally has propelled ZEC’s market capitalization above $8.8 billion, flipping established altcoins like Stellar (XLM), Litecoin (LTC), and Hedera (HBAR) as institutional interest grows through Grayscale’s promotion of its Zcash Trust and bullish analyst predictions fuel further momentum.
about Zcash Soars 260% to 7-Year High Amid Grayscale BoostBitcoin Shows Signs of Potential Breakout Toward 150000 Rally
Bitcoin (BTC) is currently trading between $94,000 and $98,000, showing signs of potential breakout after a recent 12% correction. Analysts suggest that BTC is primed for a significant move, with targets potentially reaching $150,000, as it approaches key resistance levels and completes its price-discovery consolidation phase. However, market sentiment remains mixed, with reactions more pronounced to negative news than positive developments.
about Bitcoin Shows Signs of Potential Breakout Toward 150000 RallyCryptocurrency Market Gains Momentum Ahead of Upcoming Inflation Data
Cryptocurrency markets are experiencing notable gains ahead of upcoming inflation data, with Bitcoin rising 3% to $96,344.48 and Ethereum up 4% to $3,201.80. XRP and Dogecoin also saw significant increases of 7% and 7%, respectively. Despite ETF outflows, large transaction volumes surged by 34.7%, indicating underlying market strength.
about Cryptocurrency Market Gains Momentum Ahead of Upcoming Inflation Data