Cryptocurrency Markets Trade Higher Amid Surging Whale Transactions as Market Awaits the Ethereum ETF Approval-web3.0-php.cn

Cryptocurrency Markets Trade Higher Amid Surging Whale Transactions as Market Awaits the Ethereum ETF Approval

Jul 18, 2024 am 10:48 AM

Notable Statistics: Notable Developments: Bitcoin, Ethereum And Other Crypto-related Thefts Soar To $1.38B In First Half Of 2024, Almost Double Compared To Last Year: Report

Cryptocurrency Markets Trade Higher Amid Surging Whale Transactions as Market Awaits the Ethereum ETF Approval

Cryptocurrency markets saw a surge in activity on Monday, with prices rising sharply amid a surge in large whale transactions. The total cryptocurrency market capitalization surged 4.3% to reach $308.6 billion.

Bitcoin and Ethereum prices rose about 3% each, while XRP surged over 8%. Among the top gainers, Solana rallied over 5.5% after Cboe filed an application with the SEC to list 21Shares and VanEck spot ETFs.

Here's a look at the top gainers and losers among the top 75 cryptocurrencies over the past 24 hours.

Top Gainers

RankCoin24H Price Change

1XRP+8.36%

2Solana+5.54%

3Bitcoin+2.96%

4Ethereum+2.95%

5Cardano+2.16%

Top Losers

RankCoin24H Price Change

1Filecoin-3.16%

2Chainlink-2.36%

3Algorand-1.81%

4Polkadot-1.38%

5Shiba Inu-0.88%

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Whale Stats, a cryptocurrency tracking service, revealed that a large Ethereum whale, ranked 100th, moved 100,000 ETH, valued at about $280 million, from an unknown wallet to the Kraken exchange.

Whale Stats also reported that another top Ethereum whale, ranked 40th, sold 20,000 ETH, currently valued at about $56 million, to an unknown wallet.

Bitcoin’s 4-year pattern remained intact for 14 years: crypto technical analyst

Bitcoin technical analyst CryptoCon, in a detailed post, highlighted how Bitcoin's 4-year pattern remained intact for 14 years until March 2024 came around.

According to his Alternate theory, a top in April 2025 is suddenly back on track, based on this technical analysis.

Institutions drove crypto prices in 2023, but what’s next? Benzinga’s Future of Digital Assets event unpacks institutional crypto adoption, upcoming trends, and more. Get your tickets today to join us on Nov. 19 in NYC.

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