Ethereum Inflows Stall as Bitcoin Continues to Dominate, AVAX Shows Steady Growth, and BlockDAG Extends 50% Bonus Offer

Ethereum ETFs have hit a pause, with no new inflows recorded on October 7, a stark contrast to Bitcoin's surge in ETF activity. After seeing a modest $7.39 million in inflows the previous day, Ethereum ETFs have come to a standstill.

After seeing a record-breaking seven days of inflows, a new all-time high, and a total of $128.8 million in inflows the week prior, enthusiasm for Ethereum seems to have waned a bit. On October 7, there were no new inflows into Ethereum ETFs, a stark contrast to Bitcoin’s continued surge in ETF activity.

After seeing a modest $7.39 million in inflows the previous day, a seven-day total that brought great joy to fans of the second-largest cryptocurrency, Ethereum ETFs hit a pause on Friday with no new inflows. Trading volumes also dropped from $148 million to $118 million, reflecting a slowdown in interest.

This lack of inflows also impacted Ethereum’s price, which fell 2.9% to $2,417 during the same time period. While traders had hoped to see more support for Ethereum, especially with Bitcoin continuing to dominate the ETF scene, this slowdown could indicate traders favoring Bitcoin more during this period.

Despite this setback, Ethereum's position in the crypto world remains strong. However, traders are likely waiting for more favorable conditions before resuming strong support for Ethereum-related assets.

Fresh off hitting a new all-time low in September,avax (AVAX) is showing signs of recovery with a 23% gain over the past month. Currently hovering around $27, AVAX is encountering resistance at the $30 price point.

This price action is slowing down AVAX’s momentum, but bullish indicators remain strong, suggesting it could keep moving upward. Recent developments include a $40 million grant on the Avalanche9000 Testnet.

Many are watching closely for a decisive breakout above $30 that could propel the price higher. Despite facing resistance, AVAX continues to garner attention with its innovative blockchain technology and expanding ecosystem.

BlockDAG, a next-generation Proof-of-Stake (PoS) layer 1 crypto, recently extended its 50% extra bonus until October 21st after experiencing overwhelming demand. Major crypto whales were buying into this layer 1 crypto during the presale.

This limited-time offer provides an opportunity to participate and grab a share of the benefits before the offer expires on the 21st. It's a chance for early adopters to jump in before the bonus ends and position themselves for massive gains.

For new crypto traders, joining the over 140,000 BlockDAG trader community means becoming part of a rapidly growing and evolving ecosystem. The bonus offer has created a huge buzz.

To date, there have been a record-breaking $96.8 million raised in the presale and over 14.4 Billion coins sold. As the presale skyrockets, batches sell out faster, with early backers looking at potential returns that could go through the roof.

Currently priced at $0.0206 in batch 24, early adopters have seen a 1960% return increase since batch 1. BlockDAG is cementing its place as the top crypto right now, and the window for locking in those early gains is closing fast.

The above is the detailed content of Ethereum Inflows Stall as Bitcoin Continues to Dominate, AVAX Shows Steady Growth, and BlockDAG Extends 50% Bonus Offer. For more information, please follow other related articles on the PHP Chinese website!