Crypto Rollercoaster: Worldcoin Plummets, Wrapped TRON Soars in Q3 2024

Bitcoin, Ethereum & Co.: Winners and Losers in Q3 2024

The third quarter of 2024 saw significant fluctuations among major cryptocurrencies. According to finanzen.net, Worldcoin experienced the steepest decline with a loss of -60.35%, followed by Polygon at -41.92%. On the other hand, Wrapped TRON emerged as the top performer with an impressive gain of 39.02%, closely trailed by Tron which rose by 38.89%.

Institutional Sales Could Trigger Another Ethereum Price Drop

A report from FXStreet highlights concerns over potential price drops for Ethereum due to large-scale sales by institutional investors Cumberland and ParaFi Capital. These entities transferred millions worth of ETH to exchanges like Coinbase, reminiscent of past events that led to sharp declines in Ether's value.

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Valour Launches Asset-Backed Ethereum Staking ETP on LSE

Boerse.de reports that Valour has introduced its first asset-backed Ethereum Physical Staking Exchange Traded Product on the London Stock Exchange aimed at professional investors. This product offers secure access without leverage while providing staking rewards through regulated crypto custody solutions.

BlackRock’s Rapid Success with New Ethereum ETF

An article from BeInNews Academy reveals that BlackRock's newly launched Ethereum ETF surpassed $1 billion in assets within just two months since inception. The surge reflects growing investor confidence and marks a notable milestone amidst increasing inflows into cryptocurrency ETFs globally.

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Article Summary

In Q3 2024, Worldcoin and Polygon saw significant losses among cryptocurrencies, while Wrapped TRON led gains; concerns over Ethereum's price arose due to institutional sales, but new products like Valour’s staking ETP and BlackRock’s successful ETF launch indicate growing investor interest.