$ETH Ethereum Plunges: US Inflation Shock Sparks Massive Sell-Off
The cryptocurrency market witnessed a massive sell-off of Ethereum (Ethereum) following the release of US Consumer Price Index (CPI) data showing an acceleration in inflation rates during September.
Key Moments of the Plunge:
Record Sell-Off Volume: Binance recorded its highest level of Ethereum long positions liquidated in a single hour in six months.
Price Drop: Ethereum's price fell from around $2,500 to $2,350 (a drop of approximately 7%), briefly dipping to $2,315, its lowest level since its recovery in August.
Latest Performance (according to CoinGeco):
24-Hour Change: Down 5.99% (to approximately $2,350).
7-Day Change: Down 8.31%. Market capitalization: Approximately $286.9 billion.
Daily trading volume: Approximately $18.37 billion.
Causes and underlying risks:
Monetary policy: Analysts attributed these movements to growing concerns that the US Federal Reserve would tighten its monetary policy and raise interest rates again.
Leverage risks: High leverage levels exacerbated the crisis, as losses in positions lead to automatic liquidation when collateral fails, thus amplifying selling pressure and deepening the price decline in the market.
$ETH @eth #ETH🔥🔥🔥🔥🔥🔥
@LegendWorldCrypto2024
#Legendworldcrypto2025
The cryptocurrency market witnessed a massive sell-off of Ethereum (Ethereum) following the release of US Consumer Price Index (CPI) data showing an acceleration in inflation rates during September.
Key Moments of the Plunge:
Record Sell-Off Volume: Binance recorded its highest level of Ethereum long positions liquidated in a single hour in six months.
Price Drop: Ethereum's price fell from around $2,500 to $2,350 (a drop of approximately 7%), briefly dipping to $2,315, its lowest level since its recovery in August.
Latest Performance (according to CoinGeco):
24-Hour Change: Down 5.99% (to approximately $2,350).
7-Day Change: Down 8.31%. Market capitalization: Approximately $286.9 billion.
Daily trading volume: Approximately $18.37 billion.
Causes and underlying risks:
Monetary policy: Analysts attributed these movements to growing concerns that the US Federal Reserve would tighten its monetary policy and raise interest rates again.
Leverage risks: High leverage levels exacerbated the crisis, as losses in positions lead to automatic liquidation when collateral fails, thus amplifying selling pressure and deepening the price decline in the market.
$ETH @eth #ETH🔥🔥🔥🔥🔥🔥
@LegendWorldCrypto2024
#Legendworldcrypto2025