Eric Trump has endorsed
Ethereum (ETH), leading to surge in certain meme coins and a bullish stance on ETH amongst some investors. This news comes alongside World Liberty Financial's major shift of its ETH and WBTC holdings to Coinbase. Despite this positivity, the cryptocurrency market has seen a significant crash, greatly impacting Bitcoin, Ethereum, and Ripple. Amidst these tumultuous events, the
SEC approved Bitwise's Bitcoin and Ethereum Exchange Traded Funds (ETFs), further fuelling the volatility in ETH's price. Notably,
Trump-linked World Liberty Financial continued to invest in the ETH ecosystem, investing $48M in ETH amidst the turbulence. However, amid all these movements,
XRP is speculated to dethrone ETH, putting additional pressure on the digital currency's market position. Amid market volatility and new tariffs potentially causing a price crash, Ethereum withstands the pressures, showing resilience and enticing the attention of 'whales', or major investors. Nevertheless, as ETH prices yo-yo, crypto traders remain on high alert to respond to potential opportunities and risks.
ETH Coin News Analytics from Mon, 20 Jan 2025 08:00:00 GMT to Wed, 05 Feb 2025 23:06:18 GMT -
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- Information 4
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