Author: dfmines

Ethereum (ETH) continues to underperform in the broader cryptocurrency market, currently trading just below $1,800 after falling 4% in the past 24 hours. Despite a strong start to the year, where the crypto market experienced bullish momentum, ETH has failed to sustain its upward trajectory. Since slipping below the $3,000 level, the asset has largely ranged downward and has now breached the $2,000 support zone, signaling weakening demand and sentiment. While Bitcoin and other major digital assets still managed to see some recovery efforts in recent weeks, Ethereum’s price decline has been accompanied by decreasing network activity and weakening on-chain fundamentals. This divergence has raised concerns over ETH’s short-term outlook and prompted a fresh analysis of the underlying causes driving the asset’s performance. Related Reading: Whales Dump 760,000 Ethereum in Two Weeks — Is More Selling Ahead? Fee Decline and Network Inactivity Fuel Inflationary Pressures CryptoQuant analyst EgyHash recently published a report highlighting key on-chain metrics that suggest Ethereum’s current market weakness is closely tied to its declining fee economy and user activity. According to the report titled: “Why Ethereum Is Bleeding Value: Fee Crash Meets Hyperinflation Hellscape.” Ethereum’s network is experiencing its lowest levels of activity since 2020. Daily active addresses have declined steadily since early 2025, and average transaction fees have dropped to record lows. This reduction in activity has led to a sharp fall in Ethereum’s burn rate, a metric crucial in offsetting inflationary pressures following the network’s transition to proof-of-stake. Related Reading: Ethereum Price Approaches Resistance—Will It Smash Through? The Dencun upgrade, which was expected to enhance network efficiency, has coincided with an extended period of low transaction volumes, further reducing fee income and contributing to higher net ETH issuance. EgyHash concludes that the confluence of weak network engagement, reduced burn rate, and high token inflation is central to Ethereum’s declining valuation. Why Ethereum Is Bleeding Value “Ethereum’s recent underperformance can be largely attributed to diminished network activity, as evidenced by declining active addresses and reduced transaction fees.” – By @EgyHashX pic.twitter.com/fgQJYCrOIn — CryptoQuant.com (@cryptoquant_com) April 3, 2025 Ethereum Technical Outlook Signals Potential Support Despite on-chain headwinds, some technical analysts maintain a cautiously optimistic view. Trader Courage, a technical analyst on X, noted that Ethereum is currently testing a major support zone and could rebound toward the upper resistance of its current trading range. $ETH / #ETH 1H chart 📊 Back at the green support line. Looks like we could be heading towards the top of the range. Key levels are on the chart.#Ethereum pic.twitter.com/rRX8b3b6nW — Trader Courage 🐾 (@CryptoCourage1) April 3, 2025 Another market analyst, CryptoElite, shared a long-term ascending trendline that ETH has respected historically. Based on this trend, the analyst believes ETH could still have the potential to rally to $10,000 later in the year, provided broader market conditions improve. Featured image created with DALL-E, Chart from TradingView

Peter Schiff warns of a severe U.S. recession, predicting the rest of the world will boom as America faces economic isolation and mounting financial pressure. Peter Schiff: Global Explosion Coming as US Faces Brutal Recession in Isolation Economist and gold advocate Peter Schiff issued a dire forecast for the U.S. economy on April 3 in […]

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The Babylon Foundation has unveiled an airdrop for its BABY token, rewarding early backers of its Bitcoin-native staking protocol. Babylon Foundation Reveals 10B BABY Token Airdrop The Babylon Foundation, a decentralized finance (defi) protocol focused on the Bitcoin network, has announced plans for its BABY token generation event, which includes an airdrop to early supporters. […]

Between Oct. 25, 2024, and Jan. 16, 2025, XRP (XRP) had one of the best rallies of the current bull market, gaining 600% as investors piled in with the hope that a pro-crypto presidency would benefit Ripple and its cryptocurrency. During this time, the quarterly average of daily active addresses jumped by 490% and XRP price hit a 7-year high.XRP’s 1-day chart. Source: Cointelegraph/TradingViewFast forward to the present, and data shows that the speculative interest surrounding XRP is declining. Holders are increasingly facing losses rather than gains, which is dampening their risk appetite. “Retail confidence in XRP may be slipping”Since bottoming in 2022, Bitcoin (BTC) and XRP have gained 500% to 600%, but the bulk of XRP’s gains came from a parabolic price increase. Data from Glassnode shows that XRP daily active addresses jumped by 490%, whereas the same metric for Bitcoin increased by 10% over the past four months. XRP’s new investor realized the cap. Source: GlassnodeThis retail-driven surge pushed XRP’s realized cap from $30.1 billion to $64.2 billion, with $30 billion of that inflow coming from investors in the last six months. The share of XRP’s realized cap held by new investors (less than six months) jumped from 23% to 62.8%, signaling a rapid wealth shift. However, since late February 2025, capital inflows have dipped significantly. XRP realized profit/loss ratio. Source: GlassnodeThe primary reason is that investors are currently locking in fewer profits and staring at higher losses. This can be identified by the realized loss/profit ratio, which has constantly declined since 2025. Glassnode analysts said, “Given the retail-dominated inflows and largely concentrated wealth in relatively new hands, this alludes to a condition where retail investor confidence in XRP may be slipping, and this may also be extended across the broader market.”Besides weakening confidence among newer investors, the distribution of XRP among whale addresses reflects a similar trend. Data shows a steady increase in whale outflows since the start of 2025, suggesting that large holders have been consistently trimming their positions. Over the past 14 days, over $1 billion in positions were offloaded at an average price of $2.10. Whale flow 30-day moving average. Source: CryptoQuantRelated: How many US dollars does XRP transfer per day?Can XRP hold the $2 support?XRP has found support at $2 multiple times over the past few weeks, but the chance of the altcoin dropping below this level increases with each retest. XRP 4-hour chart. Source: Cointelegraph/TradingViewHowever, on the lower time frame (LTF) of the 1-hour and 4-hour charts, a bullish divergence can be observed for XRP. A bullish divergence occurs when the price forms a lower low and the relative strength index (RSI) forms a lower high. With a fair value gap between $2.08 and $2.13, XRP might see a relief rally into this range, especially if the wider crypto market undergoes an oversold bounce. On the higher time frame chart, XRP appears bearish due to the formation of an inverse head-and-shoulders pattern, with a measured target near $1.07. There is a chance that the altcoin finds support from the 200-day moving average (orange line) around the $1.70 to $1.80 mark, but XRP price has not tested this level since Nov. 5, 2024. XRP 1-day chart. Source: Cointelegraph/TradingViewRelated: Bitcoin drops 8%, US markets shed $2T in value — Should traders expect an oversold bounce?This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

No one will truly know why eth failed or be able to agree on something, but the biggest change and obvious one before it's massive underperformance was abandoning all the miners who made eth what it was in the first place. submitted by /u/Altruistic_Box4462 [link] [comments]

On-chain data analytics firm Glassnode has identified an intriguing shift in retail investor preference, spotlighting XRP as a focal point of speculative interest. The findings, which come from Glassnode’s newly published report titled “Rippling Away,” reveal that while Bitcoin market indicators edge closer to a bearish zone, XRP has seen remarkable inflows of capital and user activity—albeit with signs of waning momentum. According to Glassnode’s report, Bitcoin has been consolidating between the $76,000 and $87,000 price range. Indicators such as the Realized Profit/Loss Ratio are showing “signs of near-term seller exhaustion but not yet a renewal of sustained bullish momentum.” Furthermore, a longer-term on-chain “Death-Cross” suggests the market’s current weakness could persist for some time. “Supply in loss remains elevated at 4.7M BTC,” the report states, underlining the depth of investor stress. These conditions, as Glassnode notes, paint a picture of “deepening bearish conditions” for the leading cryptocurrency. Retail Flocks To XRP In contrast to Bitcoin’s cautionary signals, Glassnode points to XRP as a proxy for heightened retail speculation this cycle. The report highlights: “For this cycle in particular, Ripple (XRP) has been a preferred asset for trade amongst retail investors, and studying its behavior can, therefore, serve as a proxy for measuring retail speculative demand.” Related Reading: XRP Price Prediction For April: Analyst Explains What To Expect From the 2022 cycle low, XRP’s daily active addresses have “jumped by +490%” on a quarterly average basis, while Bitcoin’s rose by only 10%. This sharp divergence underscores the retail community’s enthusiasm for XRP, which Glassnode views as indicative of broader speculative appetite in the market. The enthusiasm for XRP translated into a near-doubling of its Realized Cap—leaping from $30.1 billion to $64.2 billion during its rally from December 2024 to early 2025. Glassnode estimates that approximately $30 billion of this new capital came in over the last six months, pointing to a fresh wave of market participants. Alongside the short surge in capital flows, there’s been a rapid concentration of wealth in the hands of new investors,” the report explains. However, Glassnode also warns: “When viewed together with the heavy retail participation, this sharp uplift in new holders raises caution signs.” Related Reading: XRP Bull Cycle Could End If This Happens: Analyst Glassnode warns that these new investors are vulnerable to downside volatility, especially as XRP’s cost basis becomes more top-heavy. Thus, despite initial excitement, the report notes a cooling of speculative interest since late February 2025. Glassnode’s Realized Loss/Profit Ratio for XRP has declined steadily since January 2025, suggesting a slip in profitability and “waning confidence.” This might reflect a more fragile market structure, where large swaths of relatively new holders face mounting paper losses. “The XRP market is showing signs of a top-heavy structure, with many investors caught on a relatively high-cost basis,” the report adds. This fragility in XRP’s positioning could also imply broader caution for retail-driven altcoin markets. Overall, Glassnode’s latest research underscores the dichotomy in today’s digital asset landscape. While Bitcoin’s drift below $80,000 spurred increased losses for long-term holders, XRP’s meteoric rise and subsequent slowdown depict a market driven by short-term retail enthusiasm that may be approaching saturation. “For more speculative assets like XRP, demand may have already peaked,” the report concludes, “suggesting caution may be warranted until signs of a robust recovery start to emerge.” At press time, XRP traded at $2.00. Featured image created with DALL.E, chart from TradingView.com

Economic uncertainty and a major crypto exchange hack pushed down the total value locked in decentralized finance (DeFi) protocols to $156 billion in the first quarter of 2025, but AI and social apps gained ground with a rise in network users, according to a crypto analytics firm.“Broader economic uncertainty and lingering aftershocks from the Bybit exploit” were the main contributing factors to the DeFi sector’s 27% quarter-on-quarter fall in TVL, according to an April 3 report from DappRadar, which noted that Ether (ETH) fell 45% to $1,820 over the same period.Change in DeFi total value locked between Jan. 2024 and March 2025. Source: DappRadarThe largest blockchain by TVL, Ethereum, fell 37% to $96 billion, while Sui was the hardest hit of the top 10 blockchains by TVL, falling 44% to $2 billion.Solana, Tron and the Arbitrum blockchains also had their TVLs slashed over 30%.Meanwhile, blockchains that experienced a larger volume of DeFi withdrawals and had a smaller share of stablecoins locked in their protocols faced extra pressure on top of the falling token prices.The newly launched Berachain was the only top-10 blockchain by TVL to rise, accumulating $5.17 billion between Feb. 6 and March 31, DappRadar noted.Market fall didn’t stunt AI and social app user growthHowever, the number of daily unique active wallets (DUAW) interacting with AI protocols and social apps increased 29% and 10%, respectively, in Q1, while non-fungible token and GameFi protocols regressed, DappRadar’s data shows.The monthly average of DUAWs interacting on the AI and social protocols rose to 2.6 million and 2.8 million, while DeFi and GameFi protocols fell double-digits. DappRadar said there was “explosive growth” in AI agent protocols, stating that they’re “no longer a concept.”“They’re here, and they’re shaping new user behaviors,” said the firm. Change in DeFi total value locked between Jan. 2024 and March 2025. Source: DappRadarRelated: Avalanche stablecoins up 70% to $2.5B, AVAX demand lacks DeFi deploymentMeanwhile, NFT trading volume fell 25% to $1.5 billion, with OKX’s NFT marketplace taking in the most sales at $606 million, while OpenSea and Blur saw $599 million and $565 million, respectively.Pudgy Penguins NFTs were the most sold collectibles at $177 million, while CryptoPunks NFTs netted $63.6 million from just 477 sales, DappRadar noted.“When analyzing top collections, CryptoPunks remains a staple — its prestige remains intact even as price fluctuations make it largely inaccessible for the average user.”Magazine: XRP win leaves Ripple a ‘bad actor’ with no crypto legal precedent set

Economic uncertainty and a major crypto exchange hack pushed down the total value locked in decentralized finance (DeFi) protocols to $156 billion in the first quarter of 2025, but AI and social apps gained ground with a rise in network users, according to a crypto analytics firm.“Broader economic uncertainty and lingering aftershocks from the Bybit exploit” were the main contributing factors to the DeFi sector’s 27% quarter-on-quarter fall in TVL, according to an April 3 report from DappRadar, which noted that Ether (ETH) fell 45% to $1,820 over the same period.Change in DeFi total value locked between Jan. 2024 and March 2025. Source: DappRadarThe largest blockchain by TVL, Ethereum, fell 37% to $96 billion, while Sui was the hardest hit of the top 10 blockchains by TVL, falling 44% to $2 billion.Solana, Tron and the Arbitrum blockchains also had their TVLs slashed over 30%.Meanwhile, blockchains that experienced a larger volume of DeFi withdrawals and had a smaller share of stablecoins locked in their protocols faced extra pressure on top of the falling token prices.The newly launched Berachain was the only top-10 blockchain by TVL to rise, accumulating $5.17 billion between Feb. 6 and March 31, DappRadar noted.Market fall didn’t stunt AI and social app user growthHowever, the number of daily unique active wallets (DUAW) interacting with AI protocols and social apps increased 29% and 10%, respectively, in Q1, while non-fungible token and GameFi protocols regressed, DappRadar’s data shows.The monthly average of DUAWs interacting on the AI and social protocols rose to 2.6 million and 2.8 million, while DeFi and GameFi protocols fell double-digits. DappRadar said there was “explosive growth” in AI agent protocols, stating that they’re “no longer a concept.”“They’re here, and they’re shaping new user behaviors,” said the firm. Change in DeFi total value locked between Jan. 2024 and March 2025. Source: DappRadarRelated: Avalanche stablecoins up 70% to $2.5B, AVAX demand lacks DeFi deploymentMeanwhile, NFT trading volume fell 25% to $1.5 billion, with OKX’s NFT marketplace taking in the most sales at $606 million, while OpenSea and Blur saw $599 million and $565 million, respectively.Pudgy Penguins NFTs were the most sold collectibles at $177 million, while CryptoPunks NFTs netted $63.6 million from just 477 sales, DappRadar noted.“When analyzing top collections, CryptoPunks remains a staple — its prestige remains intact even as price fluctuations make it largely inaccessible for the average user.”Magazine: XRP win leaves Ripple a ‘bad actor’ with no crypto legal precedent set