[ad_1] Ethereum price has crashed this year and is hovering near its lowest level since September last year. Ethereum (ETH) was trading above $2,200 at last check Sunday, down by over 45% from its highest point in November last year. Several crucial charts explain why the ETH price has crashed, and provide hints of what to expect this year. Ethereum price formed a triple-top pattern The weekly chart shows that the ETH price found strong resistance at around $4,000 in 2024. This pattern is characterized by three peaks and a neckline, and is one of the most bearish patterns in…
Author: NBTC
[ad_1] Coinbase’s price target has been lowered by BofA as analysts warn of growing competition and fee pressure. BofA Securities has lowered its price target for Coinbase Global Inc. to $311 from $363 while keeping a hold rating on the stock. Analyst Mark McLaughlin CFA from Bank of America Securities said the move follows Coinbase’s strong earnings report, driven by a favorable crypto market and increased on-chain activity, but noted concerns about how long that momentum will last, TipRanks reports The analyst noted that growing competition could push fees down, which could potentially hurt Coinbase’s short-term profits. McLaughlin also pointed…
[ad_1] Hedera Hashgraph introduces a new approach to distributed ledger technology (DLT) with the potential to overcome limitations in existing networks. Specifically, it promises to tackle five critical pain points that have traditionally slowed down DLT’s mainstream acceptance and adoption. Hedera sets out to solve these with a high-speed, low-cost, and enterprise-grade network that delivers near-instant finality without compromising decentralization. This guide explores the ins and outs of Hedera Hashgraph, including how it works and what sets it apart from blockchain networks. In this guide: What is Hedera Hashgraph? How Hedera Hashgraph works Hedera Hashgraph vs. blockchains: Key differences Hedera’s…
[ad_1] Key Takeaways Bitcoin ETFs recorded a record $935 million net outflows amid a sell-off driven by macroeconomic concerns. The crypto market’s downturn is fueled by investors’ risk aversion due to tariff threats and inflation concerns. US spot Bitcoin ETFs posted around $935 million in net outflows on Tuesday, extending their losses so far this week to approximately $1.5 billion. The massive withdrawal returned during a sharp crypto market sell-off, with investors retreating from risk assets in dealing with growing macroeconomic concerns after President Trump’s tariff threats. According to data combined from Farside Investors and Trader T, Fidelity’s FBTC led…
[ad_1] The price needs to stay above $2,460 to keep investor confidence high while stopping the increase in selling pressure. The continued failure to maintain a price above $2,460 would trigger liquidations that could drive ETH down to support areas of $2,300 or $2,200. ETH’s ability to defend $2,460 price point could enable a rebound movement towards the resistance range $2,550–$2,650 which would indicate market recovery. Ethereum’s price movement is currently at a pivotal point, with the cryptocurrency needing to maintain $2,460 to sustain investor confidence. This level is significant as it directly impacts market sentiment, influencing both retail and…
[ad_1] Ripple is rolling out native programmability, one of the most significant updates to the XRP Ledger (XRPL) since its inception in 2013. For context, native programmability will allow developers to create custom features while maintaining the XRPL’s efficiency and security. This development, spearheaded by RippleX engineers, looks to expand the blockchain’s utility for both institutions and developers. XRPL to Welcome Native Programmability According to the proposal from Senior RippleX Software Engineer Mayukha Vadari, unlike Ethereum, which sprang up with programmability from the start, the XRPL initially focused on modules for major financial use cases. Notably, the network has built-in…
[ad_1] Net outflows for US spot Bitcoin ETFs (exchange-traded funds) approached the $1 billion threshold on Tuesday. It marks the extension of these losses, with weekly outflows approaching $1.5 billion. The Bitcoin ETF outflows come amid a broader market sell-off, hugely provoked by macroeconomic concerns after President Trump’s tariff threats. Bitcoin ETF Net Outflows Near $1 Billion Data on Farside Investors and Trader T’s analysis show that Bitcoin ETF net outflows reached $937 million on Tuesday. Fidelity’s FBTC led these outflows with $344 million, followed by BlackRock’s IBIT at $164 million in redemptions. Similarly, Bitwise’s BITB and Grayscale’s BTC each…
[ad_1] Bitcoin being the marquee coin for crypto as a whole, is watched closely for its latest price swings but with a spike in its trading volume. Ki Young Ju, the CEO of CryptoQuant, contests that big players on Coinbase “whales,” are the ones affecting Bitcoin’s price Coinbase whale(s) are driving BTC price action. Spot volume dominance +30% in 7 days, CB premium negative. pic.twitter.com/6hszgLw9iY — Ki Young Ju (@ki_young_ju) February 26, 2025 Coinbase Spot Volume Surges as Bitcoin Wobbles Over the past week, trading of Bitcoin on Coinbase surged by more than 30%, reflecting a rise in Bitcoin trading…
[ad_1] The current trading price of Ethereum (ETH) is $2,464, which is the result of a robust 11.32% increase in the last 24 hours—a sign that short-term buying pressure is building. This strong rally, however, is juxtaposed against a 25.58% decline over the last 30 days, indicating that while there may be a temporary surge in demand, the overall long-term trend remains bearish. Such mixed performance shows the inherent volatility of the crypto market and highlights the need for a detailed technical analysis. Ethereum Price Analysis Recent analysis shows that Ethereum finds strong support around the $2,400 level. This range…
[ad_1] Crypto strategist Michaël van de Poppe is outlining a potential path for Bitcoin (BTC) that he believes would lay the groundwork for the next phase of the bull market. The analyst tells his 777,600 followers on the social media platform X that bearish sentiment for crypto is at a high, suggesting that the bottom for the current market correction is close. According to the trader, Bitcoin’s latest move below $90,000 is designed to tap resting buy orders before igniting the next leg up. “Bitcoin needs to take all the liquidity. That’s what we’re currently doing. Ultimate bottom case? $83,000-87,000.…