ye mene WCT Pre market otc se buy kiye hain to b ye tokens kaisay mileinge any idea ?? jab ye buying pr jayega tab mileinge ya koi specific jagha se claim krne hote hain if anyone have idea about this please share with me
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Ethereum (ETH) has experienced a significant price decline today, dropping over 11% in the past 24 hours to around $1,755, marking its lowest level since October 2023 . Several factors are contributing to this downturn:
1. Macroeconomic Pressures Recent trade tensions have escalated due to U.S. President Donald Trump's imposition of tariffs—25% on goods from Mexico and Canada, and 10% on Chinese imports. These measures have sparked fears of a global trade war, leading to economic uncertainty and a "risk-off" environment where investors shy away from volatile assets like cryptocurrencies . Binance
2. Massive Liquidations The crypto market has seen significant liquidations, with over $240 million worth of ETH positions wiped out within a 24-hour period, including $196.27 million in long liquidations. This forced selling from leveraged traders has accelerated Ethereum’s price drop . Binance
3. DeFi Loan Risks A $74 million DeFi loan on the Sky protocol, collateralized with $130 million in ETH, nearly faced liquidation after Ether's price fell below the liquidation threshold. Such situations increase selling pressure as borrowers scramble to stabilize their positions . Cointelegraph
4. Security Breach at Bybit A security breach at cryptocurrency exchange Bybit resulted in the unauthorized transfer of approximately 401,347 ETH, valued at $1.12 billion, from its cold wallet. The incident has heightened investor concerns, contributing to Ethereum's price decline . Coinlive
5. Large-Scale ETH Sales Tron founder Justin Sun has sold approximately $143 million worth of ETH recently, triggering a sharp price drop. His significant transactions have put additional pressure on Ethereum's price . Coinpedia Fintech News
These factors combined are contributing to Ethereum's current price downturn. #Write2Earn #Binance