Today’s been a complete bloodbath in the cryptocurrency markets as the majority of coins trade deeply in the red. It appears that there might be further selling pressure for ETH, as the supply of coins sitting on exchanges is currently at a three-month high.
- As CryptoPotato reported earlier today, global markets were thrown in shambles as Russia invaded Ukraine.
- Vladimir Putin – the Russian president – declared a military operation, whereas the president of Ukraine – Volodymyr Zelensky, said that the former had launched a “full-scale invasion of Ukraine.”
- The results weren’t late. Global markets tumbled, and cryptocurrencies weren’t left behind. Bitcoin plunged to $34K, while ETH dropped by double-digits.
- Data from popular analytics provider, Glassnode reveals that ETH sitting on exchanges has reached a 3-month high.
Ethereum balance on exchanges just reached a 3-month high of 14,795,397.786 ETH.
- The previous high was made yesterday – somewhat expectedly.
- In any case, at the time of this writing, ETH’s market also saw about $124 million worth of liquidations in the past 24 hours. Interestingly enough, that’s almost as much as Bitcoin’s total liquidations over the same period.
More from CryptoPotato
Dexlab Raises $1.44M to Develop Solana Gateway and Token Launchpad
Source Node: 952331
Time Stamp: Jun 30, 2021
Web3 Hackers Target Big Fish, But Sector’s Recovery Hits 54%: Hacken
Source Node: 2548053
Time Stamp: Apr 17, 2024
Central Bank of Tanzania Should Strive for Crypto Adoption, Says the Country’s President
Source Node: 919555
Time Stamp: Jun 14, 2021
TradFi Embracing Ethereum: Messari Predicts Wall Street’s Attraction to the Blockchain
Source Node: 2411780
Time Stamp: Dec 23, 2023
Maestro Trading Bot Refunds 610 ETH to Users Following Router Exploit
Source Node: 2369479
Time Stamp: Nov 6, 2023
Ethernity CLOUD: Data Confidentiality Backed By Blockchain
Source Node: 943772
Time Stamp: Jun 25, 2021
Justin Sun Says He’s One of the Biggest Holders of Huobi Token (HT)
Source Node: 1723311
Time Stamp: Oct 14, 2022
Elon Musk is Back Brokenhearted … And Bitcoin Takes Another Hit
Source Node: 898892
Time Stamp: Jun 4, 2021
Societe Generale’s Crypto Arm Unveils Euro Stablecoin on Ethereum
Source Node: 2065608
Time Stamp: Apr 20, 2023
China Cracks Down a $5.6 Billion Crypto Money-Laundering Scheme (Report)
Source Node: 1699356
Time Stamp: Sep 27, 2022
Crypto Mining Giant Bitfarms Sells 3,000 BTC And Adjusts Its HODL Strategy
Source Node: 1507611
Time Stamp: Jun 21, 2022