{"id":134991,"date":"2024-08-06T08:30:50","date_gmt":"2024-08-06T05:30:50","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134991"},"modified":"2024-08-06T01:15:38","modified_gmt":"2024-08-05T22:15:38","slug":"heres-what-could-have-caused-the-ethereum-price-crash","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/heres-what-could-have-caused-the-ethereum-price-crash\/","title":{"rendered":"Here\u2019s What Could Have Caused the Ethereum Price Crash"},"content":{"rendered":"
The report<\/a><\/strong>, dated August 5, cites major players like Jump Trading<\/a><\/strong> and Paradigm VC as significant contributors to the market decline.<\/p>\n The panic selling that occurred during the Asian trading hours led to Bitcoin falling to $49,000 and Ethereum<\/a> <\/strong>dropping to $2,100. QCP Capital also noted a 30% increase in front-end ETH trading volume during this period.<\/p>\n The report highlights that broader market sentiment worsened following disappointing US unemployment data, with the VIX index rising to 50\u2014a level not seen since the COVID-19 panic and the 2008 financial crisis.<\/p>\n