Connect with us

Plato Vertical Search

Blockchain

ETH Downfall- “Sell Ethereum” Searches Raised up 972% Over the Last 24 Hours

ETH Downfall- “Sell Ethereum” Searches Raised up 972% Over the Last 24 Hours

Crypto market is facing a massive crash, as the prices of top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) dipped

The post has appeared first on thenewscrypto.com

ETH Downfall- “Sell Ethereum” Searches Raised up 972% Over the Last 24 Hours

Crypto market is facing a massive crash, as the prices of top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) dipped today. Thus, the investors community is exposing a huge interest to sell off the currencies in the dip. In that order, the google search volume for “sell Ethereum” spiked up 972% in just 24 hours. 

Earlier today, both BTC and ETH price values were performing on a bearish scale with an unexpected downfall. At present, Bitcoin is standing at $41,786.66 following ETH prices at $3,182.56 at the time of writing. 

ETH Price Crash

As the ETH price is facing a huge downfall, investors are in fear observing the market crash over the last 24 hours. Regarding this, the market analysis report reveals the interest for selling Ethereum among the investors raised almost 10 times than the average volume per day. 

To be more specific, the google search for “Why has Ethereum gone down?” also spiked upto 2000% over the last 24 hours. This depicts that ETH holders are very curious about the market fluctuations which remain unpredictable. However, there must be valid reasons behind the crash of these popular currencies. 

Thus, a Spokesperson reported to City A.M publication, London’s business newspaper stating, 

“The main reason for the ETH dip is because of the official announcements of new crypto regulations from China. In addition, Tesla’s U-Turn to accept Bitcoin as a currency which disturbed the entire crypto market.”

Besides, as per the record, nearly  $1 billion in liquidations took place across the entire crypto industry. Out of which, it is noticeable that Ethereum liquidations were higher than BTC liquidations in the market. 

However, as the value of BTC and ETH slopes down, the entire market crashes reflecting a price fall in all other cryptocurrencies. Besides the recent crash, the entire social media is very active trending the main keywords such as “buy” and “dip” triggering the fear and curiosity among the users. 

Thus, the investors community are very eager to see further market trends. As the crypto space always plays a twisting game in the end. 

The post has appeared first on thenewscrypto.com

Advertisement. Scroll to continue reading.
ETH Downfall- “Sell Ethereum” Searches Raised up 972% Over the Last 24 Hours Blockchain CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Web3 Reimagined. Data Intelligence Amplified. Click here to access.

Source: https://thenewscrypto.com/eth-downfall-sell-ethereum-searches-raised-up-972-over-the-last-24-hours/

Advertisement

Latest Blockchain Streams

Blockchain

Bullish GRT price prediction is $0.7922 to $1.67. GRT price might also reach $2 soon. GRT bearish market price prediction The post has appeared...

Blockchain

For years now, some investors have preferred to hold their wealth in cryptocurrencies like bitcoin and ethereum as opposed to cash. As cryptocurrencies become...

Blockchain

QANplatform, a quantum-resistant Layer 1 hybrid blockchain platform that enables the creation of quantum-resistant innovations in any programming language has launched its TestNet following...

Blockchain

Seattle, United States, 18th January, 2022, Chainwire Stably, a US venture-backed stablecoin and asset tokenization infrastructure provider, announced it has The post has appeared...