Bitcoin and Ethereum Price Plunge: Key Metrics Behind the 10.8% and 14.5% Drops

Quick Summary:

Bitcoin and Ethereum saw significant price drops over the past two days.Bitcoin fell 10.8% from $65,062 to $58,053, while Ethereum experienced a steeper 14.5% decline, moving from $2,792 to $2,384, according to CryptoQuant data.

These movements highlight the volatile nature of the cryptocurrency market and shed light on key factors behind the recent downturn.[…]

The post Bitcoin and Ethereum Price Plunge: Key Metrics Behind the 10.8% and 14.5% Drops appeared first on Coin Edition.

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Author / Journalist: Coin Edition

Category: Crypto

Markets: India

Topics: Market Market News Bitcoin News ETH

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 16:00:00 (4 days ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 154 words

Reading Time: 1 minutes read

Sentences: 61 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 22292217

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 4 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 11 hours ago

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Publisher ID: #124

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