Ethereum Price Plummets Below $2,000 Amid Global Market Volatility

The global cryptocurrency market has been experiencing a prolonged period of volatility in recent weeks, with many major digital assets experiencing significant price fluctuations. One such asset is Ethereum, which saw its price plummet below $2,000 on June 02.

According to data from Meyka, the Ethereum (ETH) spot ETF experienced outflows worth $401.62 million, contributing to the decline in ETH's price. This move comes amidst heightened geopolitical tensions and risk-off sentiment among investors, which has also impacted equity markets worldwide.