Ethereum drops more than Bitcoin as China escalates crypto ban, ETH/BTC at 3-week low

The price of Ethereum’s native token Ether (ETH) crept lower Friday after China extended its crackdown on cryptocurrencies by deeming their transactions as “illegal.

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Bitcoin, Ethereum Free Fall as China Strengthens Crypto Crackdown

Key Takeaways

The People’s Bank of China has deemed all cryptocurrency trading activities illegal.
Bitcoin and Ethereum fell in tandem, losing more than 6% in market value.
If the bearish momentum accelerates, BTC could target $36,000 and ETH $2,400.

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Ethereum balance on crypto exchanges hits new lows as ETH price retakes $3K

The total amount of Ether (ETH) held by all the crypto exchanges fell to its lowest levels, just as its prices rose back above $3,000 per token on Sept. 23.
Data collected by CryptoQuant, a blockchain analytics platform, showed that exchanges’ net Ethereum token reserves dropped to 18.

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Axie Infinity (AXS) gains over 45%, but ‘death cross’ fears persist

Axie Infinity’s native cryptocurrency AXS bounced higher on Se as the market’s focus shifted on its listing across two major crypto trading platforms: Bitfinex and Bitstamp.
The AXS/USD exchange rate surged 15.52%% to $69.

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Ethereum ‘head & shoulders’ chart pattern puts ETH price at risk of dropping to $2K

Ethereum’s native token Ether (ETH) rates may fall to a two-month low after it slid below support at around $2,954, based on a classic trading pattern.
The $2,954 level represents a so-called neckline constituting a head and shoulders setup.

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