Ethereum (ETH) is down 1% on Thursday after experiencing another rejection at the $2,817 support level. The Ethereum Foundation’s capital allocation to several decentralized finance (DeFi) protocols failed to catalyze ETH’s price as the crypto market remains subdued by macroeconomic factors.
PancakeSwap’s native token CAKE extended gains by 8% on Thursday, inching closer to the $3 level. The DEX token hit several key milestones in the last 30 days, according to an official update shared on X.
US spot-listed Bitcoin (BTC) exchange-traded funds (ETFs) have seen three consecutive days of outflows totaling $494 million. Wednesday’s outflows were the largest of the three, with $251 million, which saw BlackRock’s iShares Trust (IBIT) register a $22.1 million outflow, with Fidelity Wise Origin Bitcoin Fund (FBTC) registering the largest outflow of $102 million, according to Farside data.