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Ethereum (ETH) Price Skyrockets to Unprecedented Heights of 50% Recovery Because Logic Says That Is What Happens When You Lose Half Your Value in One Day

BitcoinCrypto NewsEthereum 2 Barry Thompson August 16, 2024

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Oh boy, Ethereum’s price is up today because… wait for it… the market has recovered! I mean who wouldn’t want to buy something that was worth half its value just yesterday? It’s not like people are trying to get rich quick or anything. And of course, Bitcoin and Ether are in lockstep again – what a surprise

Source: cointelegraph

Why is Ethereum (ETH) price up today?
https://cointelegraph.com/news/why-is-ethereum-eth-price-up-today
Ether (ETH) retested $2,111 on Aug. 5 for the first time since Jan. 3, briefly giving away 98% of its 2024 yearly gains. The ETH/BTC chart also illustrates weakness against Bitcoin (BTC), with the trading pair reaching a 1,211-day low. Meanwhile, Ethereum ETF inflows recorded a minor netflow of negative 2.9 million on Aug. 8 after exhibiting over $150 million in positive inflows right after Monday’s market rout. The total […]

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About the author

Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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