Bitcoin Drops Below $62K as Spot ETF Outflows Hit Record 13 Days
Nearly $1B in weekly withdrawals and a Fear & Greed Index pinned at 12 extend the worst stretch for spot BTC ETFs since launch, with ETH mirroring the move down 4.5%.
Ethereum is a decentralized, open-source blockchain platform designed to support smart contracts and decentralized applications without the control of any central authority. Often described as a programmable global computer, it allows developers to build a wide range of on-chain services, from financial protocols and NFT marketplaces to gaming platforms, using self-executing programs written primarily in Solidity. These smart contracts run on the Ethereum Virtual Machine, which is maintained by a global network of independent nodes. The native asset, Ether (ETH), functions as the network's currency. It is used to pay transaction fees, commonly referred to as gas, and must be staked by validators who propose and confirm blocks. In September 2022, Ethereum transitioned from Proof of Work to Proof of Stake through an event known as the Merge, reducing its energy consumption by more than 99 percent. An earlier upgrade, EIP-1559, introduced a fee-burning mechanism that can offset issuance during periods of high activity. Ethereum was proposed in 2013 by Vitalik Buterin, alongside several co-founders, and launched in July 2015. It belongs to the Smart Contract Platform and Layer 1 categories, and remains the largest ecosystem for decentralized application development.
Nearly $1B in weekly withdrawals and a Fear & Greed Index pinned at 12 extend the worst stretch for spot BTC ETFs since launch, with ETH mirroring the move down 4.5%.
The brief depeg tracks a 4th STRC sub-par episode since August — each previous one mean-reverted, but the peg's sensitivity to preferred-equity volatility is now on the record for the wider market to…
Bitcoin, ether, solana and XRP funds are all in net redemption simultaneously for the first time — a coordinated altcoin reversal that turns the post-ETF-launch inflow story on its head, with…
The firm once called ETH its primary reserve asset — now it's selling at a 40% loss, and the same playbook is being run by a growing list of public-company treasuries.
A known dip-buyer just levered up on Ether via Spark, with the on-chain footprint suggesting conviction rather than rotation.
The company bought 50,770 ETH near the $3,860 cycle peak and sold 36,025 of them at roughly $2,330 — a textbook case of buying highs and distributing into weakness.
Gold bug and long-time crypto skeptic Peter Schiff is doubling down on his bearish crypto thesis, claiming Tether's…
Bitmine is moving ahead with a STRC-style preferred stock offering even as the company sits on an estimated $9.2…
$700 million worth of crypto long positions were liquidated in just two hours, marking one of the sharpest…
Bitcoin has shed 32% of its value year-to-date, with Ethereum faring even worse at a 45% decline over the same period…
The sell-off isn't a crypto-specific story — Presto pins it on gold and AI stocks siphoning capital as traders scale back Fed cut bets, with $1B in spot ETF outflows this week extending a record…
The 9.50% coupon signals how aggressively Bitmine is leaning into the Ethereum-treasury thesis — preferred stock gives it fresh ammo for ETH buys without a common-stock tap.
A $1.75T valuation and 18,712 BTC come public just as $240B+ in megacap listings could siphon risk capital from crypto, with a Musk-led Tesla-SpaceX merger adding a wildcard for the largest corporate…
The Ethereum-treasury play borrows Michael Saylor's preferred-equity playbook just as Strategy's own STRC slips below par, testing whether the funding template survives a 4.5% ETH position sitting on…
The argument links the altcoin-cap ex-top-10 chart to copper/gold and PMI expansion — if the pattern holds, a window opens by mid-July for trillions in traditional liquidity to rotate into a $200B…
Tom Lee's Bitmine, the largest corporate ETH holder, is down 28% in three weeks with 5.4M ether underwater — a stress test for the equity-financed treasury playbook as the broader DAT cohort slips…
Ethereum has slipped below the $1,800 mark, a psychologically significant threshold that has historically acted as both…
30K $ETH (≈54.8M) moved from unknown wallet to Galaxy Digital.
The exit isn't framed as a bear call on Ethereum — it's an opportunity-cost call, and the more telling admission is Hoffman's view that ETH lacks the coordination and execution to re-rate.
Bitcoin and Ethereum products together shed more than half a billion dollars on June 3, while the only category still attracting net new money is the year-old Solana product line.
Ethereum is a global, open-source platform for decentralized applications.
Ethereum (ETH) launched on 2015-07-30.
Ethereum (ETH) is categorised as: Smart Contract Platform, Layer 1 (L1), Ethereum Ecosystem.
The official Ethereum site is https://www.ethereum.org/.
Most recent Ethereum coverage: "Bitcoin Drops Below $62K as Spot ETF Outflows Hit Record 13 Days" — read at /en-US/a/bitcoin-etf-outflows-hit-1b-in-a-week-as-fear-index.