Ethereum Funding Rates Drop to FTX-Era Lows Amid $300 Billion Market Selloff

Ethereum Funding Rates Drop to FTX-Era Lows Amid $300 Billion Market Selloff

The crypto market faced a sharp downturn today, driven largely by escalating tensions between the United States and Iran.  Investors turned cautious, sparking broad selloffs across risk assets, with cryptocurrencies taking a significant hit. Total market cap dropped by almost $300 billion in a single day, bringing three-day cumulative losses to around $470 billion. Analyst Darkfost tweeted that this rapid drop resulted in a lot of automatic liqu…

Ethereum Drop Sparks Losses for Key Investor

Ethereum faces a price drop below $2,400, affecting key holders with significant unrealized losses.

Ethereum (ETH) Slumps Below $2,400 to 7-Month Low Amid Market-Wide Crash

Saturday has brought another market-wide crash in the cryptocurrency space, and Ethereum is among the poorest performers over the past day (and week). In the past few hours alone, the largest altcoin slumped below $2,400 for the first time since July 2. This means that the asset has plummeted by over 10% in the past day, and it’s down by a whopping 18% weekly. ETHUSD Jan 31. Source: TradingView Recall that ETH had reclaimed the psychological $3,…