The Right Place to Buy, Earn, Exchange and Borrow against Your Crypto.

Get Started
Data shows institutional demand for Ethereum surged despite the recent crash Data shows institutional demand for Ethereum surged despite the recent crash

Data shows institutional demand for Ethereum surged despite the recent crash

with insights from IntoTheBlock

Institutional demand for Ethereum seems to be at an all-time high as many high-net-worth individuals appear to have taken advantage of the recent volatility to buy ETH.ย 

Data shows institutional demand for Ethereum surged despite the recent crash

Cover art/illustration via CryptoSlate

Ethereum (ETH) saw one of the most severe flash crashes that it has seen since the beginning of the year.

The second-largest cryptocurrency by market capitalization saw its market value plunge by 18% within a few hours, shedding over 400 points.ย  Its price went from hovering at a high of $2,319 to a two-week low of $1,900.ย  The incident seems correlated with a coal and gas accident in Xinjiang, China, which caused a power outage.

To read the rest of this article, sign in or join CryptoSlate Edge.

Get an Edge on the Crypto Asset Market

As the crypto market is constantly changing, CryptoSlate Edge is a yearly membership oriented to helping you become a more knowledgeable investor and better decision-maker.

Here's what's included in your membership:
Exclusive Articles

Be the first to read the most compelling stories high-level insights.

Private Discord Community

Communicate directly with our journalists in our private Discord.

Ad-Free Experience

We hide all advertisements for a clean and fast user experience.

Pay with Crypto ($228)
BTC · ETH · USDC · DOGE · LTC · DAI · BCH