Ether steadies after $540 million sell wave to outperform wider crypto market
Crypto markets remain under pressure despite firmer U.S. equity futures, with ether rebounding toward $2,000 as heavy weekend selling eases as gold leads.
ETH steadies as other altcoins lag (CoinDesk)
What to know:
ETH rose 0.43% after trader Garrett Jin moved $540 million to Binance, triggering oversold conditions and a modest rebound.
HYPE, ZEC and XMR fell over 3%, DOGE is down 10% in 24 hours, and ZRO has slid 34% in five days.
Gold trades at $5,000, down from January highs but outperforming silver and crypto; U.S. markets are closed for a holiday.