Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Equities RIP higher as Bitcoin lags behind – a new market reality to watch!

2025-05-18

Bitcoin -price could prepare for a new wave of volatility – this is why

2025-05-18

Scalable L1 Power Meme -Munten

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18

    Interview with Nieuwe Lukso Coo

    2025-05-18

    B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

    2025-05-18

    The Alice Collective elevates ‘My Neighbor Alice’ in collaboration with Persona Journey

    2025-05-17
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin and Ethereum Crashing – Here are the Real Reasons Why
Bitcoin

Bitcoin and Ethereum Crashing – Here are the Real Reasons Why

2024-01-24No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

  • The discussion about cryptocurrencies plummeted as prices fell
  • Whales are buying the BTC dip, but others are continuing to sell ETH

Until January 22nd is Bitcoin’s [BTC] price remained above $40,000. Ethereum [ETH]so far, also changed hands above $2,400.

But the past 24 hours have been catastrophic for the two largest cryptocurrencies. BTC fell 3.00%, while the value of ETH fell 3.59% during the same period. As a result of the decrease, conversations around the project ceased.

What are the reasons behind the market decline?

The catalyst for the carnage remains the cash flows from Grayscale Bitcoin Trust, formerly Grayscale Bitcoin Trust (GBTC). According to AMBCrypto’s analysis of CryptoQuant data, 14,291 Bitcoins flew out of the fund on January 22, amounting to $570 million at current market prices.

Since the launch of the ETF, Grayscale’s on-chain balance has fallen by 66,000 BTCs, most of which are being liquidated on the secondary market.

There is also a lot of negativity. Using the Social Volume screen on Santiment, AMBCrypto found that discussions about ETH dropped 21% compared to when the SEC approved Bitcoin spot ETFs. For BTC it was a drop of 35%.

📉 #Bitcoin briefly fell below $40,000 for the first time since December 4. Monday was a bloodbath for most of them #crypto sector. It is striking that there is 35% less discussion about it $BTC and 21% less direction $ETH compared to the previous one #ETF approval week. #FUD is

(Continued) 👇 pic.twitter.com/iievb8mbHJ

— Santiment (@santimentfeed) January 22, 2024

Apart from the decline in the number of posts related to these cryptos, the drop also meant that traders refrained from jumping on the price movements.

See also  Bitcoin spikes 10% in seven days, but big bears lurk

Previously, AMBCrypto had assessed Bitcoin’s chances of falling below $40,000 before the end of January. In the article we mentioned how it was possible. But the speed at which it happened was something unexpected.

Down before the next “up only”

However, the pullback could be a necessary correction that Bitcoin and Ethereum need for higher resilience. In any case, there is a good chance that recovery will not occur quickly, as further declines may be on the way.

One of the reasons for the potential recovery could be related to weighted sentiment. At the time of writing, Bitcoin’s weighted sentiment had dropped to 0.359.

On the other hand, the benchmark on ETH’s side also fell to -0.803.

Weighted sentiment measures the positive/negative comments about an item. Thus, the drop into the negative region suggests that the average perception around ETH and BTC was not optimistic.


Bitcoin-weighted sentiment and Ethereum-weighted sentiment

Source: Santiment

But in terms of the price action, this drop could foreshadow higher value for the cryptocurrencies. For example, on November 3, 2023, Bitcoin’s price closed at $38,688.

At that time, the weighted sentiment was approximately the same value as at the time of writing.

On the same day, the price of ETH was $2,052, and the benchmark was also negative. Fast forward to December 5, Bitcoin’s price was $44,080, while ETH was $2,293.

Big investors want a discount

In addition to this period, there are also several copies of the same movement. Therefore, there is a chance that when the upswing comes, BTC and ETH could rise higher above USD 49,000 and USD 2,700 respectively.

See also  Why You Should Ignore the Ethereum ETF Staking Discussion

In the meantime, some market participants appear to be taking action toward a possible rebound.

According to AMBCrypto’s review of Spot On Chain data, a whale purchased $1.03 million in BTC dip just before it fell below $40,000.

Another whale bought $600,000 worth of the coin as the price continued to decline. However, ETH has not yet enjoyed that goodwill as it appears to be undergoing a large-scale sell-off.


Realistic or not, here is the market cap of ETH in terms of BTC


For example, the Ethereum Foundation recently sold. Additionally, Alameda Research and Celsius Network have moved some of the ETH to Centralized Exchanges (CEXs).

If this is in place, BTC could rebound much faster than ETH unless the whales decide to add ETH to the buying wave.



Source link

Bitcoin crashing Ethereum Real Reasons
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Equities RIP higher as Bitcoin lags behind – a new market reality to watch!

2025-05-18

Bitcoin -price could prepare for a new wave of volatility – this is why

2025-05-18

Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

2025-05-18

Bitcoin traders are again profit, but do they ignore these warning signals?

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Ethereum’s Vitalik Buterin reveals ‘true alpha’ in Crypto

2025-05-05

Soonchain and Agi Open Network are joining forces to promote AI in gaming

2025-04-13

US legislator introduces bill to clarify the classification of digital assets

2023-05-19
Editors Picks

Bitcoin will surpass gold and silver within ten years

2023-10-15

FTX sues Binance and Changpeng Zhao for $1,800,000,000 over ‘fraudulent’ SBF transfers: report

2024-11-11

Billionaire Warren Buffett dumps $10,500,000,000 in Berkshire stock into Bank of America after cutting JPMorgan Chase and Wells Fargo investments to zero: report

2024-10-24

Trader Who Called Bitcoin Bottom for 2022 Warns of ‘Big Pain’ Ahead for Ethereum – Here’s a Downside Target

2023-09-25
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Equities RIP higher as Bitcoin lags behind – a new market reality to watch!

Bitcoin -price could prepare for a new wave of volatility – this is why

Scalable L1 Power Meme -Munten

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,527.612.49%
  • ethereumEthereum(ETH)$2,578.764.07%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.444.30%
  • binancecoinBNB(BNB)$653.782.00%
  • solanaSolana(SOL)$176.015.07%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2359009.57%
  • cardanoCardano(ADA)$0.772.88%
  • tronTRON(TRX)$0.2730100.71%
  • suiSui(SUI)$3.985.20%
  • chainlinkChainlink(LINK)$16.316.38%
  • avalanche-2Avalanche(AVAX)$23.755.54%
  • stellarStellar(XLM)$0.2967313.79%
  • hyperliquidHyperliquid(HYPE)$27.082.62%
  • shiba-inuShiba Inu(SHIB)$0.0000156.94%
  • hedera-hashgraphHedera(HBAR)$0.1994294.87%
  • bitcoin-cashBitcoin Cash(BCH)$406.734.02%
  • unus-sed-leoUNUS SED LEO(LEO)$8.71-2.99%
  • the-open-networkToncoin(TON)$3.173.34%
  • polkadotPolkadot(DOT)$4.904.98%
  • litecoinLitecoin(LTC)$101.674.13%
  • moneroMonero(XMR)$343.982.21%
  • bitget-tokenBitget Token(BGB)$5.256.23%
  • pepePepe(PEPE)$0.00001412.46%
  • piPi(PI)$0.759.03%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.318.16%
  • bittensorBittensor(TAO)$437.954.02%
  • aaveAave(AAVE)$241.097.93%
  • nearNEAR Protocol(NEAR)$2.937.93%
  • aptosAptos(APT)$5.303.37%
  • okbOKB(OKB)$53.741.47%
  • ondo-financeOndo(ONDO)$0.975.72%
  • kaspaKaspa(KAS)$0.1160273.17%
  • internet-computerInternet Computer(ICP)$5.434.71%
  • ethereum-classicEthereum Classic(ETC)$19.043.86%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.464.87%
  • crypto-com-chainCronos(CRO)$0.1007273.31%
  • gatechain-tokenGateToken(GT)$21.760.89%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2439865.08%
  • vechainVeChain(VET)$0.0293575.70%
  • mantleMantle(MNT)$0.751.81%
  • render-tokenRender(RENDER)$4.826.16%
  • ethenaEthena(ENA)$0.40378112.12%
  • usd1World Liberty Financial USD(USD1)$1.000.03%
  • cosmosCosmos(ATOM)$5.107.02%
  • filecoinFilecoin(FIL)$2.966.13%
  • algorandAlgorand(ALGO)$0.2299666.02%
  • bitcoinBitcoin(BTC)$105,527.612.49%
  • ethereumEthereum(ETH)$2,578.764.07%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.444.30%
  • binancecoinBNB(BNB)$653.782.00%
  • solanaSolana(SOL)$176.015.07%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2359009.57%
  • cardanoCardano(ADA)$0.772.88%
  • tronTRON(TRX)$0.2730100.71%
  • suiSui(SUI)$3.985.20%
  • chainlinkChainlink(LINK)$16.316.38%
  • avalanche-2Avalanche(AVAX)$23.755.54%
  • stellarStellar(XLM)$0.2967313.79%
  • hyperliquidHyperliquid(HYPE)$27.082.62%
  • shiba-inuShiba Inu(SHIB)$0.0000156.94%
  • hedera-hashgraphHedera(HBAR)$0.1994294.87%
  • bitcoin-cashBitcoin Cash(BCH)$406.734.02%
  • unus-sed-leoUNUS SED LEO(LEO)$8.71-2.99%
  • the-open-networkToncoin(TON)$3.173.34%
  • polkadotPolkadot(DOT)$4.904.98%
  • litecoinLitecoin(LTC)$101.674.13%
  • moneroMonero(XMR)$343.982.21%
  • bitget-tokenBitget Token(BGB)$5.256.23%
  • pepePepe(PEPE)$0.00001412.46%
  • piPi(PI)$0.759.03%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.318.16%
  • bittensorBittensor(TAO)$437.954.02%
  • aaveAave(AAVE)$241.097.93%
  • nearNEAR Protocol(NEAR)$2.937.93%
  • aptosAptos(APT)$5.303.37%
  • okbOKB(OKB)$53.741.47%
  • ondo-financeOndo(ONDO)$0.975.72%
  • kaspaKaspa(KAS)$0.1160273.17%
  • internet-computerInternet Computer(ICP)$5.434.71%
  • ethereum-classicEthereum Classic(ETC)$19.043.86%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.464.87%
  • crypto-com-chainCronos(CRO)$0.1007273.31%
  • gatechain-tokenGateToken(GT)$21.760.89%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2439865.08%
  • vechainVeChain(VET)$0.0293575.70%
  • mantleMantle(MNT)$0.751.81%
  • render-tokenRender(RENDER)$4.826.16%
  • ethenaEthena(ENA)$0.40378112.12%
  • usd1World Liberty Financial USD(USD1)$1.000.03%
  • cosmosCosmos(ATOM)$5.107.02%
  • filecoinFilecoin(FIL)$2.966.13%
  • algorandAlgorand(ALGO)$0.2299666.02%