{"id":464241,"date":"2021-05-21T12:00:32","date_gmt":"2021-05-21T12:00:32","guid":{"rendered":"https:\/\/uniquehot.com\/?p=464241"},"modified":"2021-05-21T07:59:41","modified_gmt":"2021-05-21T07:59:41","slug":"crypto-crash-cost-ethereum-co-founder-his-billionaire-status-said-bubble-could-have-ended","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/crypto-crash-cost-ethereum-co-founder-his-billionaire-status-said-bubble-could-have-ended\/","title":{"rendered":"Crypto Crash Cost Ethereum Boss His Billionaire Status, Said We’re Caught In A Bubble"},"content":{"rendered":"
As devastating as Wednesday’s crypto crash<\/a> was, few hodlers lost as much as Ethereum Co-Founder Vitalik Buterin. According to CNN<\/a>, Buterin’s public wallet was valued at $1.1 billion on the morning of the downturn. But following the crash, it stood at $870 million.<\/p>\n Markets bounced back as the selling eased off. But prices are still down from before the crash. Add to that a sentiment of extreme fear<\/a>, and many are wondering if the bull run ended with Wednesday’s crash.<\/p>\n A week ago, Ethereum was riding high after hitting a new all-time high of $4.4k. Since then, ETH has been caught in a downtrend, with things getting much worse due to the crypto crash.<\/p>\n At one point, at the height of the panic selling, the price of Ethereum dipped as low as $1.9k before wicking back up. That’s a 57% loss from its all-time high.<\/p>\n While yesterday was a green day, prices are still down from pre-crash levels.<\/p>\n Today sees a move above the $2,750<\/a> resistance level; however, a break above $3k would give more confidence in a recovery for the number two cryptocurrency.<\/p>\n <\/p>\n As ever, what happens next depends on what Bitcoin does. Bitcoin hangs precariously but did close yesterday above the 200-day moving average, giving hope that the bulls still have some fight left.<\/p>\n Nonetheless, as investors continue nursing their losses, sentiment remains low. The question on everyone’s mind is, is this the end of the bull run?<\/p>\nEthereum On A Knife Edge<\/h2>\n
Source: ETHUSD on TradingView.com<\/a><\/pre>\n
Is The Bull Run Over?<\/h2>\n