#DeepCreationCamp Ether ETFs have also lost their popularity and have lost $2.76 billion in the past 4 months.
These major declines indicate a collapse in institutional investors' appetite for digital assets; this explains the price losses of both tokens. In terms of market capitalization, the leading cryptocurrency Bitcoin peaked above $126,000 in early October and has since nearly halved, dropping to $67,000. Ether has experienced an even sharper decline, losing over 60% of its value from its peak of over $4,950 in August last year.
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#DeepCreationCamp Ether ETFs have also lost their popularity and have lost $2.76 billion in the past 4 months.
These major declines indicate a collapse in institutional investors' appetite for digital assets; this explains the price losses of both tokens. In terms of market capitalization, the leading cryptocurrency Bitcoin peaked above $126,000 in early October and has since nearly halved, dropping to $67,000. Ether has experienced an even sharper decline, losing over 60% of its value from its peak of over $4,950 in August last year.