Big news in the world of crypto! Ethereum, a popular digital money, isn't moving much in price lately, even though lots of people are investing in it. This is surprising because usually, more investment means a higher price.
- Lots of money went into Ethereum, but the price stayed about the same.
- A group called World Financial Liberty is buying lots of Ethereum and other cryptocurrencies.
- People are worried about a big update to Ethereum called the Pectra upgrade, and don't expect a big price change.
- Other cryptocurrencies besides Bitcoin (like Dogecoin and Solana) are also doing poorly.
- Investors seem scared right now, and are preferring Bitcoin over other cryptos.
Thing | Number |
---|---|
Money invested in Ethereum ETFs | $500 million |
Ethereum's market dominance | 10% |
Fear & Greed Index | 35 (very low!) |
Altcoin Season Index | 33 (down from 47) |