The post Nasdaq 100 Loses Key Support, Why Are Institutional Traders Piling Millions into Ethereum & Remittix appeared on BitcoinEthereumNews.com.

Volatility in the stock markets is returning with a vengeance, and the Nasdaq 100 lost an important support level. Investors are being spooked by fears of the world economy, central bank intervention and brewing geopolitical tensions. While traditional assets falter, sizable capital is pouring into certain digital coins most prominently, of course, Ethereum and a new entrant with a mission to provide cost-efficient cross-border payments, Remittix. This action suggests that progressive traders seek alternatives as the risk atmosphere is on the increase. Large funds have been eagerly putting money into ETH, but they’re also closely watching a new initiative that could solve real-world transaction issues. With the Nasdaq 100 being plagued by shaky foundations, it appears that real-world crypto applications could be the next refuge. Investors on Edge as Nasdaq 100 Falls Below Critical Support Level Recent trading sessions have witnessed a sharp bounce out of oversold levels, but the Nasdaq 100 slipped into official correction. Tariff tensions and weak economic data have strained the shares, while Federal Reserve hints at a rate cut do not do much to dispel the doubts. Market data shows that the dollar experienced its worst streak in months, reflecting the rising pessimism over U.S. economic expectations. Investors typically expect the Nasdaq 100 to mirror optimism in tech-driven expansions. Yet this time, many find the index’s breakdown troubling. Apart from the tensions not being eased worldwide and consumer sentiment remaining vulnerable, the bearish pressure could intimidate already anxious traders. Major Ethereum Investors Double Down on Holdings as Crypto Market Shows Signs of Recovery Meanwhile, institutional actors do not appear to mind crypto volatility. Recent data show that whales have accumulated a huge volume of Ethereum in a matter of days, fueling the sentiment that large funds perceive long-term value in the platform. Accumulation is being…

---

Filed under: News - @ March 10, 2025 8:27 pm