Why Ethereum Sank 5% Today, While the Crypto Market Inched Higher

Sentiment around Ethereum has been bouncing around considerably in recent days.

One of the bigger movers in today’s market (and unfortunately, not in a good way) is Ethereum (ETH 4.04%). Tokens tied to the world’s second-largest cryptocurrency by market capitalization sank 5.1% over the past 24 hours, as of 12:15 p.m. ET. This move came despite the broader crypto sector actually appreciating 0.25% over the same time frame.

Ethereum Stock Quote

Today’s Change

(-4.04%) $-129.32

Current Price

$3067.91

I’ve discussed some of the bullish catalysts underpinning Ethereum, including key partnerships and institutional investments, as well as the launch of a Staked Ethereum…

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