As evidenced by the 1-hour chart, the cryptocurrency has been on a definite downwards trajectory over the past five days, consistently recording lower highs and lower lows.

Coinglass data further indicates a surge in liquidated positions across the leverage market. Roughly $700 million have been cleared off, marking a 35% increase from the previous day. Notably, the majority of these were long positions, which made up around $600 million of the total.

The heatmap attached below presents a gloomy outlook. With LEO being the only exception, every other altcoin in the top 50 (by market capitalization) has suffered substantial losses in the past 24 hours.

The post Bitcoin’s Value Tumbles to $101K: Analysts Predict the Lowest Point appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

According to the Glassnode report from May 29, “The typical investor in the Ethereum ETFs from BlackRock and Fidelity is now notably in the red on their investment, with an average unrealized loss of approximately -21%.”

At present, Ether (ETHUSD) is trading at $2,601, as per data from CoinMarketCap. In contrast, the cost basis of BlackRock’s spot Ether ETF stands at $3,300, while Fidelity’s is slightly higher at $3,500.

Glassnode’s report highlights that the last time Ether traded above $3,000 was on February 2, before the crypto faced a downturn following the implementation of import tariffs on goods from China, Canada, and Mexico by then US President Donald Trump.

Glassnode further noted, “Net outflows started to speed up when the spot price fell below this average ETF investor cost-basis level in August 2024, and again in January and March 2025.” Ether hit its annual low of $1,472 on April 9, the very day when Trump’s comprehensive global tariffs came into effect.

Despite this, Ether has seen a 44.25% increase over the past month, and spot Ether ETFs have recorded nine straight days of inflows totaling $435.6 million since May 16, suggesting that the trade war concerns are starting to lose steam.

Since the launch of spot Ether ETFs in the US in July 2024, they have logged $2.94 billion in total inflows. On their launch day, Ether was trading around $3,536.

Glassnode also revealed that the ETFs had a minimal effect on Ether’s spot price, stating, “The Ethereum ETFs initially represented just ±1.5% of the trade volume in spot markets, indicating a rather tepid reception at launch.”

However, they experienced a period of stronger growth in November 2024, where the measure increased to over 2.5% – a rise in tandem with Trump’s election victory and a subsequent month-long crypto market rally that saw Ether peak at $4,007 on Dec. 8.

The report concluded with a note that Robbie Mitchnick, BlackRock’s head of digital assets, mentioned at the Digital Asset Summit on March 20 that the spot Ether ETF is “less perfect” without staking.

Disclaimer: This article does not provide investment advice or recommendations. Investing and trading involve risk, and readers should conduct their own research before making any decisions.

The post Ethereum ETF Investors Incur Significant Losses, Reports Glassnode appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

On April 18, 2025, Johnson Fistel, PLLP announced the initiation of a class action lawsuit on behalf of Bakkt Holdings, Inc. investors. The lawsuit aims to recover losses for investors who bought securities from March 25, 2024, to March 17, 2025, inclusively, referred to as the “Class Period”.

Investors interested in serving as the lead plaintiff are advised to make their move before June 2, 2025. This class action seeks to provide a legal recourse for Bakkt Holdings shareholders who lost money on their investments.

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Those who have incurred losses in these Nike NFTs are encouraged to reach out to The Rosen Law Firm to understand and pursue their rights. This announcement underscores the firm’s commitment to protect investors who have suffered losses in the evolving domain of cryptocurrency. RTFKT, Inc’s Nike-themed NFTs have recently come under scrutiny, leading to this investigation.

The post Legal Assistance Urged for RTFKT, Inc. Nike NFT Investors Facing Losses appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

This announcement follows the recent losses experienced by purchasers of the Nike NFTs, which include crypto collectibles and other crypto assets. RTFKT, Inc., the issuer of these NFTs, is urging those affected to seek legal advice about their rights.

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The post RTFKT, Inc. Urges Investors Who Experienced Losses with Nike-themed NFTs to Consult The Rosen Law Firm appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The Singapore Police Force (SPF) revealed in a recent report that the amount siphoned off through scams saw an alarming surge of 70.6% from the previous year’s S$651.8 million. The number of scam incidents also witnessed approximately an 11% increase, tallying up to 51,501 cases in 2024.

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The post Record-Breaking $822 Million Lost to Crypto Scams in Singapore in 2024, Reports Police appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.