Cryptocurrencies Price Prediction: Tesla, Ethereum & Crypto – European Wrap 23 October
|Tesla moves $776 million in Bitcoin, what to expect
Electrical vehicle manufacturer Tesla (TSLA) has recently moved all of its Bitcoin (BTC) tokens – worth more than $776 million – to seven different wallet addresses. The moves, reported by crypto intelligence firm Arkham, caught the attention of crypto traders as Bitcoin movements by large-wallet investors typically affect the coin’s price depending on how these holdings are moved.
Ethereum Price Forecast: Lower average fees may increase ETH network usage
Ethereum (ETH) price continues to trade in the red for the third consecutive day on Wednesday after being rejected at the $2,700 level on Monday. Though the average fees dropping below $2 may boost network usage, traders should remain cautious as Coinbase Premium Index data indicates weak institutional demand.
Crypto market undergoes correction
The crypto market is developing a correction at a moderate pace. It has lost 1.3% more over the last day to $2.31 trillion, down around 3% from the recent peak. At the same time, the sentiment of greed persists. The corresponding index is in the 70-73 range for the eighth day.
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