How US-China Conflict Rocked Ethereum: Price Drops and Derivatives Market Cools
The Ethereum derivatives market shrank by 45%, with open interest collapsing from $33 billion to $18 billion. Last Friday, trade tensions between the US and China suddenly escalated, triggering the largest cryptocurrency liquidation event in history. As a result, Ethereum, the second-largest digital asset, saw its value drop significantly, breaking important technical support levels and […]
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