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Ethereum Nosedives to $2,100 Amidst Institutional Sell-Offs GBP/USD catches a bid from bad NFP print Swacch Bio to invest over ₹1,000 crore in Telangana to establish 2G Bioethanol plant Solana Dominating Ethereum: SOL Analyst Now Targets $1,000 Solana Surges to $117B: Is $400 the Next Target for SOL? BDAG’s $65M Surge Dominates: More on Stacks and Ethereum ETFs Woolworths, Pak'nSaves face criminal charges over pricing, misleading specials Ethereum whale wallets face mass liquidation as ETH prices tumble Spot Bitcoin ETFs Ride Ethereum ETFs Coattails As BlackRock Sees Record Daily Inflows Dogecoin Price (DOGE) Slips Alongside Bitcoin and Ethereum: Market Analysis

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Ethereum Nosedives to $2,100 Amidst Institutional Sell-Offs

During early Monday in Asian trading hours, Ethereum (ETH) plummeted to its lowest since January 2024, hitting a low of around $2,100. This sharp drop occurred in just a 15-minute window around 01:00 UTC, with Ethereum’s value nosediving from $2,540 to $2,100—a 15% fall. This swift descent shocked traders, struggling to believe the rapid decline. Jump Trading and Other Institutions Trigger Ethereum Sell-Offs Alongside Ethereum, major assets like Bitcoin (BTC) and Solana (SOL) each shed 10% of their value over the same period. Among the top ten cryptocurrencies by market capitalization, Ethereum was the worst affected. Over the last 24...

05.08.2024

GBP/USD catches a bid from bad NFP print

GBP/USD found a foothold on Friday after wide miss in US data. US NFP showed the lowest initial print in years as job market cools. Coming up next week: US ISM Services PMI, UK BRC Retail Sales. GBP/USD wrapped up the trading week with a last-minute win after a misfire in US Nonfarm Payrolls (NFP) kicked the Greenback lower across the board. This gave the Pound Sterling a foothold, but still ended the week lower against the USD. Forecasting the Coming Week: Focus remains on data and rate cut bets The Pound Sterling deflated this week after the Bank of...

02.08.2024

Swacch Bio to invest over ₹1,000 crore in Telangana to establish 2G Bioethanol plant

Home News Updated - August 06, 2024 at 07:41 PM. | Hyderabad, August 6 Swachh Bio, a lignocellulosic biofuels manufacturing company, has announced that it would soon establish a 250KLPD second-generation, cellulosic biofuels plant in Telangana. Swachh Bio, a lignocellulosic biofuels manufacturing company, has announced that it would soon establish a 250KLPD second-generation, cellulosic biofuel plant in Telangana. The firm announced a capital investment of over ₹1,000 crore, in the first phase, which will provide employment to 250 people at the plant, and 250 people in additional support and other roles. Praveen Paripati, Chairperson, Swacch Bio, met Telangana Chief Minister...

06.08.2024

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Ethereum Nosedives to $2,100 Amidst Institutional Sell-Offs

GBP/USD catches a bid from bad NFP print

Swacch Bio to invest over ₹1,000 crore in Telangana to establish 2G Bioethanol plant

Solana Dominating Ethereum: SOL Analyst Now Targets $1,000

Following Bitcoin and other altcoins like Ethereum, Solana is edging higher, clawing its way back after sharp losses in June. Even though the buyers are yet to reclaim the $155 support level, the expansion over the last few days has seen the coin add 25% after plunging in early July. Is SOL Preparing For $1,000? These encouraging gains over the last few days have seen traders project major gains in the coming days and weeks . Taking to X, one analyst said the coin would easily be more than 6X from spot rates, rallying to as high as $1,000 in...

Solana Surges to $117B: Is $400 the Next Target for SOL?

You are here: Home / News / Solana Surges to $117B: Is $400 the Next Target for SOL? Key Takeaways: Solana (SOL) hits a historic market cap milestone of $117 billion. Memecoin frenzy drives significant DeFi activity on the Solana blockchain. SOL may be on track to hit $400. Solana (SOL) has recently achieved a remarkable milestone, reaching a market capitalization of approximately $117 billion. This surge reflects growing interest in its blockchain ecosystem as investors flock to cryptocurrencies in search of alternatives to traditional financial markets. Source: CoinMarketcap With the ability to provide fast, low-cost transactions, Solana has been...

BDAG’s $65M Surge Dominates: More on Stacks and Ethereum ETFs

BlockDAG Overpowers Stacks and Ethereum ETFs with $1M Daily Gains – Presale Hits $65M Mark While Stacks (STX) has made headlines with its price jump to over $1.80, market unpredictability suggests potential downturns ahead. Concurrently, Ethereum ETFs have drawn significant attention, boosting trading volumes as Ethereum’s price crosses $3,345. However, the spotlight firmly belongs to BlockDAG . The cryptocurrency, under the leadership of CEO Antony Turner, has seen a remarkable presale rally to $65 million, including a $1 million increase in just one day, establishing its strong market position. Turner’s vision and BlockDAG’s rapid expansion position it as a top...

Woolworths, Pak'nSaves face criminal charges over pricing, misleading specials

Commerce Commission is filing criminal charges against Woolworths and two other supermarkets. Photo: Supplied/Woolworths The Commerce Commission is filing criminal charges against Woolworths and two Pak'nSave supermarkets for inaccurate pricing and misleading specials. The charges will be made separately against Woolworths, Pak'nSave Silverdale and Pak'nSave Mill Street. The commission said there are ongoing issues with pricing in the supermarket sector and the operators may have breached the Fair Trading Act. In a statement, deputy chair Anne Callinan said operators should know what the expectations are. "Supermarkets have long been on notice about the importance of accurate and clear pricing and...

Ethereum whale wallets face mass liquidation as ETH prices tumble

Ethereum's price crash leads to over $100 million in liquidations in just one hour. Key Takeaways Ethereum's price plummeted over 30% in a week, leading to massive whale wallet liquidations. Total ETH network liquidations surpassed $100 million in one hour amid market crash. A sharp decline in Ethereum (ETH) prices triggered a wave of liquidations among leveraged ETH whales, according to a recent report from on-chain analyst EmberCN. Several whale addresses were forced to sell off their ETH holdings to cover their loans, including: Address starting with “0x1111” liquidated 6,559 ETH to repay a 277.9 WBTC loan. Address starting with...

Spot Bitcoin ETFs Ride Ethereum ETFs Coattails As BlackRock Sees Record Daily Inflows

Spot Bitcoin ETFs are riding high on the success wave of Ethereum ETFs, fueling a surge in crypto investments like the ETFSwap (ETFS) presale, as BlackRock reports record-breaking daily inflows. This exciting trend marks a new era in the cryptocurrency market, drawing unprecedented interest and capital. Spot Bitcoin ETFs are currently experiencing a significant boost in popularity, riding on the success wave of Ethereum ETFs. This surge in Spot Bitcoin ETFs has led to record-breaking daily inflows for BlackRock, a leading asset management firm. BlackRock’s iShares Bitcoin Trust (IBIT) has recently achieved a notable milestone, with an inflow of $526...

Dogecoin Price (DOGE) Slips Alongside Bitcoin and Ethereum: Market Analysis

Dogecoin started a major decline below the $0.1150 zone against the US Dollar. DOGE is now trading below $0.100 and showing many bearish signs. DOGE price is down over 15% from well above the $0.1200 pivot zone. The price is trading below the $0.100 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1000 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move down unless it reclaims the $0.100 resistance zone. Dogecoin Price Drops Over 15% In the past few sessions, Dogecoin...