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Iran Crypto Flows Fall 11% Amid Israel Conflict And Nobitex Hack
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Iran Crypto Flows Fall 11% Amid Israel Conflict and Nobitex Hack

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Iran’s cryptocurrency market has taken a major hit in 2025, with trading flows falling 11% as tensions with Israel escalate and a massive hack shakes confidence in local exchanges.

According to blockchain analytics firm TRM Labs, Iranian crypto flows reached $3.7 billion between January and July, down from last year’s levels.

The biggest drop occurred in June and July when nuclear talks collapsed, a 12-day war with Israel, and power cuts in Iran. TRM Labs noted that Israeli cyber and kinetic operations, combined with government shutdowns, fueled the downturn.

Adding to the turmoil, Nobitex, Iran’s largest crypto exchange handling 87% of the country’s transactions, suffered a $90 million hack on June 18. 

The hacking, which was done by a pro-Israel hacking group known as Predatory Sparrow, caused liquidity to slow down, transactions to slow down, and users to go to riskier foreign exchanges with lax KYC procedures.

The heat was added in July when stablecoin issuer Tether blacklisted 42 addresses associated with Iran, locking up millions of USDT. This action caused a stampede of Iranians to sell their TRON-based USDT and switch to Dai on Polygon.

Despite the setbacks, crypto remains vital for many Iranians. With soaring inflation and tough sanctions cutting off access to the global financial system, people continue to rely on stablecoins as a safe store of value. 

TRM Labs added that Iran also uses crypto for political purposes, including buying sensitive goods from China and funding espionage, though illicit activity makes up less than 1% of total volume.

Also Read: Crypto Trader Moves $215M Bitcoin on Hyperliquid to Buy ETH



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Bitcoin Hashrate Hits New Peak as BTC Price Struggles
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Bitcoin Hashrate Hits New Peak as BTC Price Struggles

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Bitcoin’s hashrate has now reached a new all-time high of 971 exahashes per second, according to data provided by CoinWarz. 

Smoothing out randomness 

It is worth noting that the hashrate used to occasionally spike above 1 zettahash per second earlier this month.

However, such brief spikes are not usually treated as actual record peaks, given that the randomness of block production does not have enough time to smooth out. 

The all-time hashrate charts make it possible to smooth out randomness. Thus, some believe that true all-time highs are actually recorded on longer timeframes since they do not trick analysts with mere statistical noise. 

Hashrate and price 

It is typically believed that Bitcoin hashrate follows the price of the leading cryptocurrency, given that more miners tend to plug in machines when coins become more expensive. 

Some also assume that hashrate could actually drive price, but there is no concrete correlation. 

Nevertheless, the new hashrate peak bodes well for the fundamentals of the leading network, considering that it shows that the network is gaining more strength. 

Meanwhile, Bitcoin is currently struggling price-wise, with the leading cryptocurrency recently dipping below the $111,000 level.  

US in the lead 

When it comes to the geographical distribution of the global hashrate, the US currently remains in the lead. It accounts for as much as 36% of the network’s computational power. 

China, despite the mining ban, paradoxically remains among the biggest mining powers with a 14% share of the global hashrate.



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XRP
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Analyst Suggests Thinking Of XRP As Just ‘Payments’ Is Primitive, Here’s The Real Deal

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Crypto analyst Pumpius has declared that XRP goes beyond just payments and that those thinking of it as just that way don’t know what is coming. He then highlighted the “blueprint of a multi-trillion dollar upgrade,” which is why he believes the altcoin can reach $10,000. 

Why XRP Can Hit $10,000 As Its Utility Expands Beyond Payments

In an X post, Pumpius stated that the world is moving to digital ID and indicated that XRP can play a huge role in this innovation. He explained that governments, banks, and big tech all admit that everyone will need this digital ID to transact in the coming system. The crypto analyst further remarked that this identity isn’t just a passport or driver’s license, but that the ultimate ID will be one’s biology. 

Pumpius claimed that biometric identity and generic data are being positioned as the next “trust layer” of finance. He said that this is because they are unique, immutable, and unforgeable, making them the perfect keys for digital commerce. The crypto analyst then proceeded to make the case for XRP, noting that the XRP Ledger has the rails to anchor this innovation. 

He then highlighted the DNA protocol, which is already working on this innovation on the XRP Ledger. In line with this, Pumpius declared that this isn’t just a concept but a live concept that could boost XRP’s utility. The analyst predicts that over $100 trillion in tokenized real-world assets are coming and that if biometrics and DNA become the default KYC, XRP and its native DEX could become the universal settlement layer. 

Pumpius expects trillions to follow into XRP when that time comes. He remarked that liquidity demand at that scale mathematically breaks current price models. The analyst asserted that XRP, as the bridge asset, won’t just go to $10 but will lead into five figures and reach $10,000. 

Analyst Warns XRP Can’t Reach That Level

In an X post, crypto analyst Jaydee warned that XRP cannot reach $10,000. He further warned the community of influencers who are predicting the altcoin will reach this level, declaring that they cannot be trusted. Jaydee remarked that these influencers are wrecking investors while the real analysts make retirement gains in months instead of waiting for a price level that won’t come. 

The crypto analyst is also certain that XRP cannot reach $1,000. He indicated that those who are also waiting on the altcoin to hit this price level, because Ripple is applying for a national banking license, will also get wrecked.  

At the time of writing, the XRP price is trading at around $2.92, down over 2% in the last 24 hours, according to data from CoinMarketCap.

XRP trading at $2.91 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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What a Digital Euro on Ethereum or Solana Means for Europe’s Monetary Sovereignty

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In brief

  • The U.S.’s recently passed stablecoin law has heightened pressure on Europe to accelerate digital euro plans.
  • Deploying on Ethereum or Solana could expand global use of the currency, Decrypt was told.
  • Yet privacy, governance and banking stability remain key concerns for officials.

European officials are considering whether to issue the digital euro on public blockchains like Ethereum or Solana, in a departure from earlier plans for a closed, centrally run system.

The debate has intensified in recent weeks ever since the U.S. passed its first stablecoin law in July, giving regulated dollar-backed tokens a head start in global finance.

Ram Kumar, a core contributor at blockchain infrastructure firm OpenLedger, told Decrypt that deploying the euro on a public chain would dramatically expand its reach.



“It would open the euro to the wider crypto economy instantly,” Kumar said. “It could plug into DeFi, global wallets, and cross-border payments without needing to build that infrastructure from scratch.”

Ethereum could offer “programmability and access to a rich developer ecosystem,” Kumar said, while Solana provides “low fees and high throughput that can handle consumer-scale payments.” 

Both, he said, would make the euro more visible beyond Europe in ways a private ledger cannot. 

Kumar added that the U.S.’s stablecoin legislation, dubbed the GENIUS Act, is forcing Europe to move faster. 

“If the dollar gets a head start in digital payments, it risks overshadowing the euro in global finance,” he said.

The Financial Times first reported that officials were considering the use of public blockchains late last week.

Mounting pressure

Still, risks over such a model remain. 

Privacy is the foremost concern, with public blockchains clashing with the EU’s GDPR framework, which includes rights such as data erasure, and the European Central Bank’s stated goal of preserving cash-like anonymity in digital payments.

Technical and governance issues also persist, including Ethereum’s scalability limits, Solana’s reliability record, and the reality that upgrades and validators would remain outside direct state control. 

Policymakers have warned that a widely accessible euro token could pull deposits from banks if not carefully designed.

In April, ECB executive board member Piero Cipollone warned that U.S. stablecoins could move deposits from European banks and strengthen the dollar’s global role.

Measures taken by the new U.S. administration under Trump “to promote crypto-assets and U.S. dollar-backed stablecoins” are raising concerns for “Europe’s financial stability and strategic autonomy,” Cipollone wrote at the time.

An ECB spokesperson told Decrypt its position remains unchanged, pointing to Cipollone’s confirmation in July that a digital euro could be technically ready “in the next two-and-a-half to three years after the legislation is in place.”

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Hyperliquid holding above critical support: volume surge hints at breakout
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BitGo expands support to the Hyperliquid ecosystem with HyperEVM

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BitGo has announced support for HyperEVM, bringing secure access and custody for institutional users in the Hyperliquid ecosystem.

Summary

  • BitGo has expanded its custody solution to institutions participating in Hyperliquid’s HyperEVM.
  • The platform now supports HYPE custody, self-custody and governance.

BitGo said in an update that its custody solution was now live for Hyperliquid (HYPE), bringing access to HyperEVM to institutions. 

The integration, BitGo noted, allows for qualified custody with institutional investors able to participate further in the leading on-chain trading ecosystem. Basically, users can tap into BitGo’s secure custody service as they interact with assets on the HyperEVM, including the native token HYPE.

Users can now have access via self-custody wallets, decentralized applications, as well as participate in governance. The platform’s products also include stablecoins, staking solutions, settlement, real-world assets, collateral, and wealth management.

BitGo’s support comes a few days after Anchorage Digital Bank added custody support to HYPE, integrating institutional-grade security into the HyperEVM.

Hyperliquid’s growth

HyperEVM is the Ethereum (ETH)-compatible smart contract layer of Hyperliquid, key to its decentralized finance traction. Currently, the Hyperliquid L1 has over $2.53 billion in total value locked and more than $5.58 billion in stablecoin market cap.

As interest in DeFi grows, BitGo’s support will allow institutional clients eyeing Hyperliquid to confidently participate in the platform’s ecosystem.

Meanwhile, as crypto.news highlighted on August 26, spot volumes on the platform soared to $3.5 billion on the day, marking a new 24-hour all-time high. 

Notably, the surge to the new peak aligns with a spike in Bitcoin and Ethereum deposits. The milestone sees Hyperliquid rank as the second-largest trading venue for spot BTC on both centralized and decentralized exchanges.

Interest in HYPE as the Hyperliquid ecosystem grows has recently pushed open interest in the altcoin to a new all-time high. As of writing, data from Coinglass showed open interest at $2.17 billion.



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U.s. Commerce Dept To Publish Gdp On Blockchain
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U.S. Commerce Dept to Publish GDP on Blockchain

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The U.S. Commerce Department will start posting important economic data, including GDP reports, on the blockchain directly. Commerce Secretary Howard Lutnick made the announcement at a White House cabinet meeting, describing it as a move toward greater efficiency and transparency.

Lutnick indicated the change begins with GDP but potentially could go across agencies, providing markets and the public quicker, tamper-evident access to federal data. 

“The Department of Commerce is going to begin publishing its stats on the blockchain because you are the crypto president,” he informed President Trump.

By putting data on the blockchain, the government seeks to lower the risk of fraud, increase confidence, and offer real-time figures verified in real-time. 

The action comes after recent U.S. initiatives incorporating blockchain technology into economic infrastructure, such as the GENIUS Act endorsing stablecoins.

According to analysts, blockchain-reporting can increase investor confidence and represents one of the largest government endorsements of the tech.

Also Read: Indian Govt to Adopt Blockchain for Digital Commerce, Land Records



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Fundstrat’s Tom Lee Predicts Ethereum Bottom and Rally Above $5,000

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In brief

  • Ethereum sank below $4,350 early Tuesday before gaining ground.
  • Fundstrat managing partner Thomas Lee predicted that ETH would not fall below $4,000.
  • Lee expects ETH to surpass $5,000 in the near future.

Fundstrat Head of Research Tom Lee predicted that Ethereum would hit a temporary bottom Tuesday before beginning a climb beyond $5,000, shortly before the token began inching upward. 

Citing a message sent to him by Fundstrat Global Head of Technical Strategy Mark Newton, Lee, who also serves as chair of ETH treasury BitMine Immersion, endorsed the view that Ethereum will not fall lower than $4,000 in the near term.

Newtown suggested in his message that the altcoin will “bottom out sometime in (the) next 12 hours near $4,300,” although it was not precisely clear when he sent the message to Lee.

Ethereum currently dipped as low as $4,341 early Monday before rallying to its current level above $4,550. It is down about 1% over the past 24 hours and roughly 8% since reaching an all-time high of $4,946 on Sunday.



A Myriad Linea market found that 80% of the respondents believe that Ethereum will breach $5,000 this year.

(Disclosure: Myriad is a prediction market and engagement platform developed by Dastan, parent company of an editorially independent Decrypt.)

Newton and Lee suggested that the cryptocurrency could climb as high as $5,450, with an accompanying chart indicating that it could return to around $4,800 by the middle of September.

Not everyone agreed that Ethereum will rally in the immediate future, with TradeNation Senior Market Analyst David Morrison telling Decrypt that further declines may be coming in the near term.

“While I would agree that there could certainly be more upside as we head towards year-end, it remains significantly ‘overbought’ when considering its daily MACD [moving average convergence divergence],” he said. “To me, that suggests that it may pull back further from current levels before it can go appreciably higher, or, at the very least, there’s a period of sideways consolidation which could help blow some froth off it, similarly to the major US stock indices.”

Morrison argued that Bitcoin currently looks more attractive in itsupside potential, given that its daily MACD has now returned to neutral levels.

Other analysts also contended that Ethereum’s price could fall further in the near term, including eToro’s Simon Peters.

He told Decrypt, “Seasonality could play a part as September is historically one of the worst performing months for cryptoasset prices and with the price having rallied 250% since April, hitting a new all-time high, and looking a little technically overbought, it may present an opportunity for some long standing holders to realize gains.”

Peters also noted that Ethereum’s path could depend on the U.S. central bank’s decision on interest rates at its next monetary policy meeting on September 16 and 17. 

“If the Federal Reserve holds interest rates at their upcoming meeting in September, where currently the market is suggesting a cut, this may spark a further downside move in the short-term,” he added.

As for the medium term, Peters was confident that Ethereum is positioned nicely for “a strong run” at the end of the year, citing several factors.

“Firstly, the favorable regulatory environment for crypto, particularly in the U.S.,” he said. “This will lead more institutions to build on Ethereum serving as the base layer for stablecoins and real-world asset tokenisation.”

Peters also expects demand for Ethereum to remain strong, both from spot ETFs and  the growing number of public companies who have been steadily accumulating the token in recent months.

“At the same time, interest rates globally are falling and the money supply is going up,” Peters added, suggesting that a growth in disposable liquidity may lead more retail investors towards crypto.

While David Morrison acknowledged ongoing upgrades and institutional interest as factors in Ethereum’s favor, he remains cautious against expecting it to do something spectacular too soon.

“But at current levels, and considering their charts, it looks to me as if Bitcoin has more upside potential over the rest of the year,” he said. “I feel that Ethereum may need to work off existing frothiness before it can find a base from which to launch the next leg of its push higher.”

On the other hand, some analysts actually believe that Bitcoin is a risk for Ethereum in another way, in that BTC’s recent declines could impact ETH negatively.

This is the view of analyst and author Glen Goodman, who tells Decrypt that, while institutional interest in Ethereum ETFs could continue to help the altcoin, Bitcoin could drag down ETH if it continues to fall.

“ETH can probably defy a lackluster BTC, it could rise even while Bitcoin languishes,” he said. “But if BTC seriously nosedives, it’s unlikely ETH will be able to resist the downward pull of a crashing Bitcoin.”

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What Canary American-made crypto ETF means for altcoins?
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What Canary American-made crypto ETF means for altcoins?

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Summary

  • Canary Capital filed for three new crypto related ETFs with the US SEC, including an American-made crypto ETF, on August 25. 
  • The filing document states that the new investment ETF is speculative and high-risk.
  • The firm’s two other filings include the Trump coin and the Staked Injective ETF. 
  • The market capitalization of made in US cryptos is down nearly 5% in the past day.
  • The 24-hour trade volume of the category exceeds $53 million, as of August 26.

Canary Capital, a digital asset and crypto fund manager, filed for an American-made crypto ETF with the U.S. financial regulator, the SEC, fueling speculation of an “altcoin season” or gains in made-in-USA altcoins. In this deep dive, we analyze the impact of Canary’s American-made crypto ETF on tokens like XRP, Cardano, Chainlink, Solana, and Stellar, the top five cryptocurrencies in the made-in-USA category, ranked by market capitalization.

Canary Capitals SEC filing for proposed ETFs

The digital asset fund manager’s SEC filing reveals plans to invest in a portfolio of crypto assets that tracks the made-in-America blockchain index. The index will track cryptocurrencies originally created in the U.S., where a majority of the token’s supply was minted within the United States, and a majority of the protocol’s operations are U.S.-based.

The trust plans to generate rewards through the validation of transactions on the token’s native blockchain network, per the filing. 

Canary Capital’s other filings, one for a Trump coin ETF and the other for a Staked Injective ETF, show that the digital asset manager is exploring several crypto-related investment products in the U.S. market. Currently, there is no fixed timeline for approval. The proposed investment products position Canary Capital as a fund focused on attracting U.S.-based crypto investors.

The filing mentions four crypto tokens, Ethereum (ETH), Cardano (ADA), Solana (SOL) and Avalanche (AVAX) as an example for Proof-of-Stake blockchains. 

How Bitcoin and Ethereum ETFs impacted prices 

To ascertain the impact of an ETF on the underlying asset’s price, we draw a parallel with Bitcoin (BTC) and Ethereum spot ETFs in the U.S. Data from Farside Investors shows that a total of $53.99 billion in capital is the total flow of Bitcoin ETFs since their inception. Ethereum attracted over $12.90 billion in total flow.

Bitcoin price rallied with the rising flows and institutional demand catalyzed gains in the king crypto. While it took longer for the demand to fuel a rally in Ethereum, the token’s price increased and hit a new all-time high in August 2025. 

Bitcoin Spot ETF cumulative flow | Source: Farside Investors

Ethereum Spot ETF cumulative flow | Source: Farside Investors

If the pattern repeats itself, Canary Capital’s ETF could generate cumulative inflows that climb steadily over a period of time. Higher capital flows to the ETF could generate demand for tokens included in the index. 

While Ethereum, Cardano, Solana and Avalanche are included in the filing, other top made in USA tokens like Chainlink (LINK) and Stellar (XLM) could be included. 

Altcoin season catalysts

Canary Capital’s filing is likely the first in a series of crypto-focused ETFs to be filed with the SEC. This could be a catalyst for the altcoin season. The altcoin season begins when 75% of the top 50 cryptocurrencies by market capitalization outperform Bitcoin consistently for 90 days. 

The key catalysts for the altcoin season are Bitcoin dominance hitting a plateau or declining, a rise in altcoin market capitalization, and institutional demand for tokens.

Market capitalization Bitcoin dominance chart | Source: TradingView

The altcoin market capitalization can be tracked using the crypto total market capitalization excluding Bitcoin. The value is $1.58 trillion as of August 26, and the 2021 cycle top corresponded to an altcoin market cap of $1.71 trillion.

Crypto total market capitalization excluding Bitcoin | Source: TradingView

Institutions following in Strategy’s footsteps and adding crypto tokens to their treasury could contribute to the demand for altcoins and catalyze gains in top cryptos. Ethereum and Binance Coin (BNB) recently hit their all-time highs; other cryptos could follow if demand persists alongside other catalysts.

Top 5 altcoins likely to gain 

XRP, ADA, LINK, XLM, and SOL stand to gain from Canary Capital’s ETF filing, subject to the investment product’s approval by the SEC. If the U.S. financial regulator greenlights the ETF, it could open the path for similar investment products, offering institutional investors an opportunity to fuel demand for altcoins made in the USA.

Data from CoinGecko shows that the market capitalization of the made-in-USA tokens’ category is above $518.99 billion and the 24-hour trade volume exceeds $53.12 billion.

Top five tokens by market cap in the made in USA coins | Source: CoinGecko

The price performance for the top made-in-USA coins over the past three months is seen in the chart below.

Top made in USA coins performance | Source: CoinGecko

Why investors could be wary of Canary Capitals ETF

Canary Capital’s ETF raises concerns of capital loss among investors. The filing stresses that the investment is high-risk and investors could lose their investments. The ETF is not covered by the Commodity Exchange Act, a key federal law that regulates the commodity futures and options markets. 

Canary Capital’s ETF is not regulated by the CFTC, and the product’s investors are not covered by the protection that crypto futures market investors have.

Canary Capital’s SEC filing | Source: SEC

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



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Bitcoin Struggles At $110K: Correction Or Rebound?
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Bitcoin Struggles at $110K: Correction or Rebound?

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The Bitcoin (BTC) price steers through a turbulent period where the value is oscillating around the $110,154 mark. After hitting a record high of $124,457, the largest cryptocurrency has entered its corrective phase, as it has lost about 12% in 13 days.

Following this, traders are particularly interested in whether this consolidation would lay the foundation to another breakout or a further pullback is under construction.

Long-term Holders Have Already Realized More Profit

As per the latest data from Glassnode, the long-term Bitcoin holders are also collecting profits in this cycle to an extent with the sole exception of the rally that occurred between 2016 and 2017. Moreover, the increase in realized gains which suggest a rise in selling pressure as investors have opted to secure profits during the recent highs.

$BTC long-term holders have already realized more profit this cycle than in all but one prior cycle (2016–17), highlighting elevated sell-side pressure. Taken alongside other signals, this suggests the market has entered a late phase of the cycle. pic.twitter.com/PHXkOizXhz

— glassnode (@glassnode) August 26, 2025

Notably, these periods are traditionally accounted for by volatility and outflow of long-term investors. This also signals that Bitcoin is potentially a more mature phase of its current cycle.

Bitcoin Breaks Below Its Key Support Of $112,000

The provided daily chart for BTC shows a clear bearish structure. The price is trading within a descending channel, characterized by multiple red candles in the last two weeks. This pattern indicates that sellers are currently in control of the market.

A reversal attempt was failed at $117,429, as BTC is currently battling to consolidate above the very important psychological support of $110,000.

The short term weak spot is reflected in the exponential moving averages (EMAs) as BTC is traded below the 20-day and 50-day EMAs ($114,935 and $114,521) respectively. More recently, Bitcoin has dropped below its 100-day EMA with the most recent candle recording a retest at that level ($110,798.66).

This is an indication that the selling pressure is still in charge in the short run. Notably, this indicator is a trend-following indicator that gives more weight to recent price data.

Adding to this, the downward channel marked on the chart also signifies a measure of selling activity. However, the volume spikes express that aggressive buying might take place at the current levels.

The Bear Bull Power (BBP 13) indicator has dropped into negative figures and is currently at -8,909, which suggests a declining momentum. This further highlights that it could retest lower supports and hence have a decisive reversal.

Bitcoin Momentum Indicators | Source: TradingView

The Relative Strength Index (RSI) is currently at 37.35, trending downwards. This shows waning buying momentum and suggests the price has further room to fall before reaching oversold territory (typically below 30), where a bounce could be anticipated.

The Moving Average Convergence Divergence (MACD) indicator confirms the bearish outlook. The MACD line is below the signal line, and the histogram is negative, which points to sustained downward momentum. A bearish crossover occurred in late July/early August, and the separation between the lines indicates the trend is still strong.

Will BTC Rise Back Up?

If bears take control, immediate support lies at $110,485, followed by $107,656 and $105,005. A failure to defend these levels could drag BTC toward the 200-day EMA at $103,739, which may act as the ultimate safety net for bulls.

On the flip side, a recovery above $114,500 and $116,092 would be vital to flip momentum back in favor of buyers. Sustained strength above these levels could open the doors for a retest of $121,000 and potentially $124,457 in the upcoming time.

Also Read: Boyaa Interactive Buys $33M More Bitcoin, Hits 3,670 BTC 

Disclaimer: The Crypto Times does not endorse or promote this digital asset in any manner. This article was created only for educational purposes. Make sure to “DYOR” as the market is highly volatile. New positions should be done by traders being careful and awaiting volume-backed breakouts.





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SharpLink’s ETH Holdings Top $3.5 Billion: Details
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SharpLink’s ETH Holdings Top $3.5 Billion: Details

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  • Bitmine remains in first spot
  • Ethereum’s recovery 

Ethereum treasury company SharpLink has purchased an additional 56,533 Ethereum (ETH) tokens, according to a Tuesday announcement. 

The company now holds a total of $3.7 billion worth of ETH following the latter purchase. 

Bitmine remains in first spot

SharpLink Gaming, which is spearheaded by Consensys CEO Joseph Lubin, is currently the largest corporate holder of ETH. 

Tom Lee’s BitMine Immersion Technologies actually comes in first place with its total holdings reaching $7.7 billion. 

Coinbase, Bit Digital, and ETHZilla are also in the top five by total holdings. 

Ethereum’s recovery 

This strong corporate adoption is likely the main reason why Ethereum (ETH) has recovered relatively fast.

According to CoinGecko data, the flagship altcoin is currently trading at $4,518 after plunging to the $4,300 level earlier today.



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