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CoinDesk - by layer3.news
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2025-02-08 16:08:44
in reply to nevent1q…t6cm

Why is Ether Down Today? Market Fears and Growing Supply Help Fuel 5% Slide


CoinDesk (nprofile…nhef)
✍️ Ether (ETH) has fallen more than 5.1% over the past 24-hour period to below $2,600, while bitcoin (BTC) is down around 2.9% over the same period.
👉 Ether's circulating supply has recently risen past pre-Merge levels
👉 The Ethereum Merge has seen its supply grow by 8,242 ETH since the Merge
👉 The Securities and Exchange Commission has delayed its decision on listing options contracts for BlackRock's iShares Ethereum Trust
👉 Heightened competition from other networks, including Solana
👉 A drop in the amount of ETH tokens at a profit since they were first mined

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CoinDesk (nprofile…nhef)

Despite the bearish performance, analysts note a potential setup for a price bounce as bearish sentiment impacts ETH.
https://www.coindesk.com/markets/2025/02/08/why-is-ether-down-today-market-fears-and-growing-supply-help-fuel-5-slide

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