Author: NBTC
Ethereum has dropped about 20% over the past 24 hours, falling below $1,500 for the first time since March 2023. Ethereum (ETH) is trading at $1,476 at the time of press, having recorded a 24-hour high of $1799. The broader selloff appears tied to macroeconomic tensions as Donald Trump’s sweeping new tariffs put pressure on the crypto market. The market has seen widespread losses as a result of the steep ETH price decline. According to Coinglass data, over $400 million worth of Ethereum positions have been liquidated in the past 24 hours. Long trades, which lost roughly $341 million, accounted…
Crypto ETFs have been named the worst-performing exchange-traded funds (ETFs) available to UK buyers this year. That’s according to financial analysts Morningstar, which found VanEck’s £203 million ($259 million) Crypto & Blockchain Innovators ETF was the worst-performing in quarter one of 2025, losing 39.34% of its funds. VanEck was followed by Global X’s Blockchain ETF, iShares’ Blockchain Technology ETF, and WisdomTree’s Blockchain ETF, which lost 37.65%, 30.92%, and 25.80% of their funds, respectively. Rounding out the worst-performing ETFs were uranium, AI, semiconductor, and cloud computing-based funds. Read more: $38 trillion in US brokerages still restricted from bitcoin, report Yesterday, Morningstar…
Axie Infinity will migrate all legacy accessories to ERC-1155 with a 1:1 airdrop on April 22, 2025. Legacy accessories will be locked after the April 22 snapshot to finalize the ERC-1155 transition. Axie Infinity has officially announced that the migration of accessories to the ERC-1155 token standard will begin on April 22, 2025. Accessory owners won’t have to do anything—all accessories will be automatically airdropped 1:1 to their wallets. But don’t get too excited, because a snapshot will be taken on that date, and old accessories will be locked immediately afterward. The Axie Accessory Migration to ERC-1155 is scheduled! Accessory…
Taking a closer look at Bitcoin’s current price action on the weekly timeframe and the critical importance of the $65,000 region in maintaining the bullish market structure. As Bitcoin (BTC) consolidates, it is essential to pay attention to key technical levels that will determine the direction of the market in the coming weeks. By understanding the confluence of levels around $65,000, we can position ourselves for higher-probability trades with a solid risk management framework. Key points: The $65,000 region and its technical confluence, which will allow a higher low to form The importance of waiting for support to be tested…
Ethereum (ETH) dropped 19.43% in 24 hours, hitting $1,452. Market cap fell to $175.31B while volume surged 405% to $32.31B. Today, Ethereum’s value has dropped significantly to $1,452.78, having realized a 19.43% drop in a span of 24 hours. Its market capitalisation value currently stands at an almost equivalent-valued percentage decline of $175.31 billion. However, despite this price decline, trading spiked by 405.03% in day volume to $32.31 billion. Thus, its market cap ratio is 18.21%, showing highly intense short-term trading pressures. The rest of the cryptocurrency market experienced a similar slip. The total market cap diminished by 11.04% to…
Cantor Fitzgerald analysts initiated coverage of Coinbase with an “Overweight” rating and price target of $245, arguing on Tuesday that Wall Street has overlooked how the crypto exchange’s stablecoin relationship with Circle dovetails with its Ethereum-based network. “We view both of these segments as being instrumental in changing the narrative surrounding COIN, from being a cyclical crypto trading platform to being a mission-critical infrastructure layer of the crypto economy,” Brett Knoblauch and Thomas Shinske wrote in an 84-page report. COIN is currently trading hands at approximately $150, down nearly 5% on the day and 12.5% over the last week amid…
Bitget is set to burn more than 30 million BGB for the first quarterly burn of 2025. The crypto exchange has recently updated its burn mechanism according to on-chain usage. According to a press release sent to crypto.news on April 9, the crypto exchange will be using a new burn mechanism for its native token that takes into account more of its on-chain usage. The new mechanism uses a utility-based model to calculate the amount of Bitget Tokens (BGB) to burn. The updated burn formula directly links quarterly burn volumes to the amount of BGB paid to on-chain gas fees…
Bitcoin (BTC) has outperformed Ethereum by over 85% in realized market capitalization growth, according to data provided by on-chain analytics platform Glassnode on April 10. As such, Bitcoin has not only dominated Ethereum as the largest cryptocurrency by market capitalization, but has also flipped Ethereum in their total invested capital, represented as realized capitalization. This data comes amid a volatile market situation which saw leading cryptocurrencies showing mixed signals as they returned to the red zones after experiencing significant rallies during the previous day. According to CoinMarketCap data, Bitcoin has decreased by 3.50% to $79,563.20 over the last 24 hours.…
The value of the leading altcoin, Ethereum, has plunged to its lowest point since March 2023, signaling a steep decline in market confidence. This has happened amid the broader market’s downturn, which was exacerbated by Donald Trump’s Liberation Day. Compounding the bearish sentiment, the ETH/BTC ratio has now dropped to a five-year low, indicating that Bitcoin is gaining relative strength against Ethereum. ETH/BTC Ratio Hits 5-Year Low as Traders Flee ETH’s price decline has pushed the ETH/BTC ratio to a five-year low of 0.019. This ratio measures ETH’s relative value compared to BTC. When it rises, it indicates that ETH…
The Shiba Inu team has teased rolling out fresh opportunities soon and larger innovations in the future, calling for calm amid the market downside. The crypto market has seen intense volatility amid growing macroeconomic headwinds. Bitcoin’s collapse to $76,000 has spilled to prominent assets like Ethereum and Shiba Inu. Notably, the doggy-themed, lighthearted meme coin, the second largest in the meme sector, has also suffered from the onslaught. Shiba Inu has retraced 9% in the past seven days, extending its year-to-date decline to 48%. Nonetheless, the Shiba Inu ecosystem team sees this downside as temporary. In a recent X post,…