The US spot #BitcoinETFs saw $168 million in outflows on Aug. 5 as crypto market sentiment tumbled to its lowest level in more than two years.
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Cointelegraph covers everything FinTech, Blockchain, Bitcoin, bringing you the latest news, prices, breakthroughs and analysis from across the future of money. Cointelegraph’s up-to-date news and information will help you understand everything about the ever-evolving world of digital currencies, whether you are a newbie to cryptocurrencies or looking for the newest ways to beef up your digital wallet. We are ready to help you form your own opinion regarding cryptocurrency with precise and clear coverage from our dedicated team of journalists and experts from around the globe. We publish articles and expert opinions in the fields of business, technology, society and law, as well as provide real-time commentary from leading experts across the entire spectrum of the Bitcoin community. The world of digital currencies is growing with each passing day; as more and more businesses, entrepreneurs, start-ups and everyday people begin to adopt this technology due to its many advantages, it is becoming increasingly important to educate yourself and be aware of these new financial and technological innovations. Cointelegraph is here to help you greet digital currency with open arms.
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https://cointelegraph.com
External link for Cointelegraph
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- Online Audio and Video Media
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- 51-200 employees
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- New York
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- 2013
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- Bitcoin, Blockchain, Crypto, News, and Media
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Employees at Cointelegraph
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Arunkumar Krishnakumar
Head of Institutional Growth at Marinade Finance | Published Author ✍️
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Fred Schebesta
Finder.com | Bitcoin | #1 Best Seller "GO LIVE!" 📚 | Hit the 🔔 on my profile 👉🏼 Media/speaking: [email protected]
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John "Angel" Anghelache
Free Phoneless Sales Playbook Reveals: 5 Steps to High-Ticket Clients Without Sales Calls | Get 10+ new lucrative deals every 21 days. Go to:…
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Rakesh Upadhyay
Contributor at Cointelegraph
Updates
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Central Park mystery revealed after a decade! https://lnkd.in/dNcN4Cyb
Pro-crypto RFK Jr. once dumped a dead bear in New York’s Central Park
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Vitalik Buterin's dump triggers a surprising pump! https://lnkd.in/dtEcEnSt
Memecoin dumps, then pumps after Vitalik Buterin sells unwanted airdrop
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Jump Crypto, the crypto division of Jump Trading, recently unstaked approximately $315M worth of Ether (ETH) and redirected these funds to various exchanges, including Binance, OKX, Coinbase, Bybit, and Gate.io. This activity has ignited speculation about a potential significant sell-off. Blockchain analytics from Arkham revealed the unstaking process commenced shortly after the launch of spot Ether exchange-traded funds in the US. Notably, Jump Crypto still holds around $125M in staked Ether, comprising a significant portion in wrapped Lido Staked Ether (STETH). The crypto community and industry experts are abuzz with theories on Jump Crypto's intentions. Some critics have pointed out the strategic timing of the transfers, which occurred over the weekend amidst a turbulent stock market phase, suggesting a potential motive to capitalize on market conditions. This development follows Kanav Kariya's recent departure as president of Jump Crypto, coinciding with an ongoing investigation by the US Commodity Futures Trading Commission (CFTC). These events collectively paint a picture of a rapidly evolving landscape in the crypto sector. What are your thoughts on Jump Crypto's latest maneuvers?
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$500B Plunge: Largest 3-Day Wipeout for Crypto in a Year! The crypto market has experienced a dramatic downturn, with a $510 billion sell-off over three days—the largest in 12 months. This significant decline comes amidst weak employment data and renewed recession fears in the US. Here's what happened: Crypto Sell-Off: The total market capitalization dropped sharply, with Bitcoin falling 10% and Ether down 18% since August 5th. Market Leaders Struggle: Major companies like Microsoft and Intel reported disappointing Q2 results, adding to market volatility. Fear & Greed Index: This index has plunged back into "fear" territory, now displaying a score of 26. Key Factors Contributing to the Downturn: Equities Performance: The S&P 500 fell 4.4%, reflecting broader market struggles. Economic Indicators: Weak jobs data and fears of recession have spooked investors. Tech Sector Slump: Major tech stocks underperformed, leading to a reallocation of capital. Jump Crypto's Selling: The trading firm offloaded hundreds of millions in assets, exacerbating the decline. Impact on Major Cryptos: Bitcoin (BTC): Down 20% in the past week. Ether (ETH): Down 28% in the same period. Solana (SOL): The hardest hit, falling 30.6% since July 30th. Looking ahead, the market faces a challenging week. To stabilize, we'll need increased activity in spot and derivatives trading from traditional financial institutions. What are your thoughts on the recent crypto sell-off? Do you foresee a recovery, or will the downward trend continue? Share your insights and join the conversation!
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🩸 The Worst Monday Since 1987 In this episode, we talk about the biggest market crash since 1987’s Black Monday. The crypto market lost over $500 billion in 24 hours, Bitcoin fell to $49K, and the S&P 500 also dropped. Tune in to grasp this financial upheaval! 🎧 https://lnkd.in/eT_PcUaD
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Ethereum-led sell-off triggers Bitcoin dominance surge—what does it mean for the market?
Bitcoin dominance hits 58% amid altcoin, stock market bloodbath
cointelegraph.com
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Bitcoin's $20K crash: Was Warren Buffett right all along? https://lnkd.in/dfXKKdDC
Bitcoin dips below $50K: Crypto market crashes 17%
cointelegraph.com