Ethereum Price at Risk as UK Regulators Move to Ban $102 Billion DeFi Loan Market

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Ethereum price hits 60-day peaks above $1,860 driven by institutional interest in Bitcoin, UK regulators proposed ban on DeFi loan markets highlights major risks ahead Ethereum (ETH) Taps New 60-Day Peaks as Institutions Amplify Bitcoin Demand Ethereum (ETH) extended its bullish momentum on Friday, surging to a fresh 60-day high above $1,865.

This development has spread bullish tailwinds towards the broader altcoin sector, with ETH price evidently benefitting indirectly from renewed investor interest on Friday.

Much of the upside pressure is traced to unprecedented inflows into spot Bitcoin ETFs, which recorded over $4 billion in cumulative acquisitions during nine consecutive days of buying.

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Article Details

Author / Journalist: ibrahim

Category: Crypto

Markets: India

Topics: Ethereum Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 22:44:55 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 625 words

Reading Time: 4 minutes read

Sentences: 45 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28325727

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