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ICO’s Ethereum Sales May Have Intensified Sell Pressure on ETH
Photo by: News BTC

Ethereum’s price action has been closely tracking that of Bitcoin and the aggregated crypto markets, but its recent downtrend may not have been simply the result of weak price action, as data suggests that ICOs have been selling a significant amount of their ETH in recent times. The treasury sale of ETH from ICOs could be a significant force that has been suppressing Ethereum’s price as of late,...

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