Ethereum’s Uptober Rollercoaster: Near-Record Highs, Flash Crash, and the $5K Question
Ethereum plunged nearly 16% on Oct. 10, briefly dropping below $3,700 after former President Trump announced a 100% tariff on Chinese goods, triggering a crypto market sell-off. Over $600 million in crypto futures were liquidated that day, including $235 million in ETH longs. Despite the volatility, spot Ethereum ETFs saw $1.5 billion in net inflows in early October. BitMine Immersion disclosed it holds 2.83 million ETH.