Ethereum News Daily Official TheBitTimes.com

Harvard Management Company has sold its entire $87 million worth of Ethereum (ETH) according to its Q1 13F filing with the SEC. The Harvard Management Company is the entity that manages Harvard University’s endowment fund. The Q1 exit came amid a market-wide downtrend for the crypto sector, with ETH falling to the $1800 mark in early February. Why Did Harvard Exit Its Ethereum Position? Source: Pixabay Ethereum (ETH) has faced quite a price dip over the last few days. According to CoinGecko data, ETH’s price has dipped by 0.2% in the last 24 hours, 6% in the last week, 6.7% in the 14-day charts, and 10% over the previous month. Source: CoinGecko It is possible that Harvard Management Company anticipated Ethereum’s (ETH) price to dip, given the bearish market forces. The US-Iran war was in full effect in Q1 of this year, and macroeconomic worries were piling up. The latest inflation data has come in higher than expected, which has significantly reduced the chances of an interest rate cu...

The cryptocurrency market is facing one of its most significant corrections of the last few months. Bitcoin (BTC) has fallen to the $86,000 price level. The global crypto market cap has dipped 3.9% in the last 24 hours to $2.98 trillion. VeChain (VET) has also experienced a significant price dip in the market-wide correction. Also Read: Trump’s 25% EU Tariffs Cause Bitcoin to Tumble—How Will Crypto React? Source: CoinGecko VeChain Suffers Amid Market-Wide Chaos Source: Moneycontrol.com VET’s price is down 9.9% in the weekly charts, 14.8% in the 14-day charts, 35.4% in the monthly charts, and 40.2% over the previous year. Despite the big losses, the asset has gained 0.9% in the daily charts. The latest market rally follows the US administration’s decision to go ahead with its tariffs against Canada and Mexico. The tariffs aim to combat trade deficits and illegal border crossings. VET and other crypto assets have likely suffered from the negative impact the tariffs have had on...