Ethereum reaches its lowest point of 2024, while Bitcoin drops 5% in a day. The crypto market dips under $2 trillion, with close to $300 million liquidated.
On August 5, the entire crypto market was in red with the price of Bitcoin falling by up to 20%. This could be a selling move by investors due to concerns about an economic recession.
Spot Ethereum ETFs could attract $4.7 billion - $5.4 billion in cash flow in the first 6 months of opening trading, but the number may be lower than expectations due to many factors.