COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Crypto Market Starts the Day with a Decline: Ethereum (ETH) Approaches $1700 Levels Again
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Ethereum (ETH) > Crypto Market Starts the Day with a Decline: Ethereum (ETH) Approaches $1700 Levels Again
Ethereum (ETH)

Crypto Market Starts the Day with a Decline: Ethereum (ETH) Approaches $1700 Levels Again

In Brief

  • After Grayscale’s victory in the SEC case on Tuesday, Ethereum (ETH) rose and reached price levels of $1740. However, it started to decline again as the leading cryptocurrency BTC began the day with losses. ETH lost an average of 0.75% in the last 24 hours and retreated to the $1700 levels. Most of the cryptocurrencies […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

After Grayscale’s victory in the SEC case on Tuesday, Ethereum (ETH) rose and reached price levels of $1740. However, it started to decline again as the leading cryptocurrency BTC began the day with losses. ETH lost an average of 0.75% in the last 24 hours and retreated to the $1700 levels. Most of the cryptocurrencies in the market started the day with various degrees of losses.

Contents
Crypto Market in DeclineEthereum (ETH) Falls to Critical Levels Again

Crypto Market in Decline

The crypto market started the day with a decline as the leading cryptocurrency Bitcoin dropped to $27,200. Many cryptocurrencies with high market value experienced a decline again during the week after initiating a strong rise on Tuesday. The total market value of the crypto industry dropped to $1.08 trillion, according to CoinMarketCap (CMC) data.

With the market’s rise on Tuesday, there was also a significant decrease in trading volumes. The total trading volume of the crypto market in the last 24 hours dropped by more than 50% to below $28 billion, according to CMC data.

Ethereum (ETH) Falls to Critical Levels Again

Despite testing the levels of $1680 and $1700 several times in the past weeks, Ethereum (ETH) could not surpass them. However, after Grayscale’s victory in the SEC case and the rise it created in the crypto market, ETH surpassed the $1700 levels. ETH rapidly rose to $1740 immediately after the announcement of the news on Tuesday.

However, during this process, the crypto market, which experienced a strong rise, declined again during the week. The leading cryptocurrency BTC dropped to $27,200.

As the crypto market showed a downward trend, Ethereum (ETH) also started the day with a decline. ETH recorded an average loss of 0.75% in the last 24 hours and came close to the $1700 levels. Additionally, ETH’s total trading volume decreased by over 60%, and its total market value dropped to $205.95 billion.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Crypto Analyst Warns of Short-Term Correction in Ethereum and Solana

BlackRock Drives Bitcoin and Ethereum Surge: An Unmatched Force in Cryptocurrency

Ethereum Surges After Major Update: What it Means for Crypto Markets

Crypto Markets Surge as Ethereum Breaks Barriers

Ethereum Surges, Leading the Crypto Market with Bold Moves

COINTURK NEWS 31 August, 2023 - 1:55 pm 31 August, 2023 - 1:55 pm
Share This Article
Facebook Twitter
Share
Previous Article Polkadot (DOT) Price Analysis: Critical Zone and Future Trends
Next Article Bitcoin and Ethereum Price Analysis: Expert Warns of Further Downside Risk
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

See BNB Surge as Crypto Factors Align!
Altcoin News
Bitcoin Surges Past $105,000 Triggering Positive Waves in Crypto Market
Ripple (XRP)
Bitcoin Surges as the Dollar Index Weakens
Bitcoin (BTC)
Seize Opportunities in the Crypto Market with Strategic Investment Approaches
Altcoin News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?