The crypto markets have seen a hefty correction this week as Bitcoin prices tumble. Ethereum continues to struggle with ETF flows, as Rollblock ($RBLK) leads the way with huge hype around its 100x casino presale potential. Let’s find out what has the markets rattled.
Will the Ethereum ($ETH) Fund Outflows Ever End?
Ethereum ($ETH) has fallen 12.2% this week to hit $2191, as the wider crypto slump continues into September. Many Ethereum investors had pinned their hopes on continued bullish inflows into the newly launched Ethereum ETFs, which have so far failed to live up to expectations. During the first month of trading, more than $477 million left the Ethereum funds – largely as a result of the Grayscale Ethereum Trust selling off.
The Ethereum Foundation has also spooked the markets by selling off 35k ETH at these levels, suggesting they are preparing for a larger dump. The longer-term prospects are still looking bullish for Ethereum as dominance is remaining fairly steady at 14% and over 40% of the circulating supply has been locked into staking contracts. A run above $3k would reclaim Ethereum’s former bullish trend in the coming months.
Bitcoin ($BTC) Summer Slump Extends Into Autumn
Bitcoin has been rejected yet again after bulls failed to break through the fierce resistance at $60k. This is not completely surprising as September has a history of being a typically bearish month for Bitcoin. In fact, six of the previous nine Septembers have yielded negative returns.
Bitcoin fell 40% during the August crash and looks set to revisit some of the lower levels as it consolidates in the coming weeks. Stock markets have been rattled this week by news of Nvidia facing a US subpoena, which saw Bitcoin tumble to current levels of around $53.5. Bitcoin traders should be ready for a revisit of support below $50k if stocks continue to bleed this week.
Rollblock ($RBLK) Races Through $3 Million Milestone
Rollblock ($RBLK) has recently seen incredible price performance, as inflows continue to surprise market analysts with the huge interest shown in this presale token launch. Rollblock recently smashed through the $3 million raised milestone, as nearly 13,000 early investors hurry to stake their claim on this future giant of the casino space.
Rollblock uses innovative blockchain technology to guarantee that bets won’t be tampered with. Gamers can also verify that the 7000+ Casino classics on the site offer provably fair odds before they roll the dice.
Users simply sign in with an email address and crypto wallet, making Rollblock transactions totally anonymous. For a limited time, Roblox is offering incredible tiered bonuses, of up to 15% on new transfers over $1,500.
The RBLK token offers impressive utility, as it can be staked for up to 30% on the platform. Holders will also appreciate the revolutionary revenue share scheme that will ensure a steady bid in the market as casino profits buy up potentially millions of tokens each week.
Rollblock is currently in the sixth stage of its presale with RBLK tokens selling for just $0.025. With several price increases expected in September, savvy investors should get involved before tokens rally 100x in 2024.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
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The post Ethereum’s and Bitcoin’s Lackluster Activity Push Investors Toward a Bullish ICO Surpassing $3 Million in Liquidity appeared first on ETHNews.
