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Why is Ethena Price Rallying 8% Today Despite $1.2B Crypto Market Crash?
Yahoo Finance·2025-10-18 03:54

Ethena price rose 8% to 0.44onOctober17,makingitoneofthefewdigitalassetstradingingreenamidawidespreadcryptomarketcrash.ENAsperformancestoodoutascascadingmarketliquidationsawBitcoinandEthereumbrieflycedekeysupportlevelsat0.44 on October 17, making it one of the few digital assets trading in green amid a widespread crypto market crash. ENA’s performance stood out as cascading market liquidation saw Bitcoin and Ethereum briefly cede key support levels at 104,000 and 3,700respectively,onFriday.WhyisENAsPriceUpToday?Notably,EthenasnativestablecoinUSDe,whichtemporarilylostitspegtotheUSdollarduringtherecordsetting3,700 respectively, on Friday. Why is ENA’s Price Up Today? Notably, Ethena’s native stablecoin USDe, which temporarily lost its peg to the US dollar during the record-setting 19 billion liquidation event on Oct. 10. At the time, USDe ...