Category: Cryptocurrency News

XRP (XRP) price versus Ether (ETH) reached its highest level in five years over the weekend, extending its recovery.On March 15, the XRP/ETH pair touched 0.00128 ETH for the first time since April 2020. That amounts to a 925% rebound when measured from its all-time low of 0.00013 ETH established in June 2024 and approximately 620% gains since November 2024, when Donald Trump won the US presidential election.XRP/ETH weekly price chart. Source: TradingViewXRP potential breakout versus ETHThe XRP/ETH rally is fueling speculation among market watchers that XRP could flip Ether to become the second-largest cryptocurrency by market capitalization.For instance, analyst Dom highlights 0.0012 ETH as a historically significant resistance level, a threshold that has consistently preceded explosive rallies in past cycles. He notes that XRP has gone parabolic after breaking this resistance, delivering gains of at least 160% in previous instances.XRP/ETH 12-hour price charts. Source: TradingView/DomHe illustrated the same with three key breakout points—in early 2017, late 2017, and 2018 when XRP’s surged against Ether following a confirmed breach of the 0.0012 ETH resistance. As of March 16, XRP was once again testing this critical level. If history repeats itself, even a partial rally of 80% would be enough for XRP to flip ETH in market capitalization, DOM suggests, especially as Ether’s price risks more downside in 2025.Related: XRP price poised for 46% gains after Ripple secures first Dubai licenseAt $138 billion, XRP’s market cap is less than $100 billion short of hitting Ethereum’s. Moreover, XRP’s fully diluted valuation (FDV) briefly surpassed Ethereum’s earlier this week. For context, FDV represents the total theoretical value of all tokens, including those not yet in circulation, whereas market capitalization only accounts for tokens currently in circulation.Why is Ethereum underperforming XRP?XRP’s market dominance has grown by over 300% since Trump’s reelection on Nov. 5.XRP.D vs. ETH.D daily price chart. Source: TradingViewThe same period has witnessed Ethereum losing its market share by over 35.50%, showing a clear lack of interest among traders for Ether compared to other top-ranking crypto assets.A key factor in this divergence is regulatory sentiment. Trump has positioned the US as the future “world’s crypto capital,” appointing pro-crypto regulators and pledging to foster a more favorable environment. This shift has especially benefited XRP, which caters to enterprise users, particularly as Ripple unveiled an institutional DeFi roadmap in February.Meanwhile, Ethereum has slumped due to rising competition from rival layer-1 blockchains, particularly Solana (SOL). The Dencun upgrade in March 2024, which slashed Ethereum’s transaction fees by 95%, was intended to improve scalability. However, it has also reduced ETH burn rates, increasing supply and weakening its deflationary appeal and “ultrasound money” narrative. ETH supply rate since the Merge. Source: UltraSound MoneyAt the same time, Solana’s dominance has risen, with its trading volume now rivaling Ethereum and all its layer-2 chains combined. The network’s faster and cheaper transactions have made it the go-to platform for DeFi activity, memecoin trading, and NFT markets, which Ethereum previously dominated. This shift has eroded Ethereum’s market share, particularly among traders and developers seeking high-speed, low-cost transactions.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.

XRP (XRP) price versus Ether (ETH) reached its highest level in five years over the weekend, extending its recovery.On March 15, the XRP/ETH pair touched 0.00128 ETH for the first time since April 2020. That amounts to a 925% rebound when measured from its all-time low of 0.00013 ETH established in June 2024 and approximately 620% gains since November 2024, when Donald Trump won the US presidential election.XRP/ETH weekly price chart. Source: TradingViewXRP potential breakout versus ETHThe XRP/ETH rally is fueling speculation among market watchers that XRP could flip Ether to become the second-largest cryptocurrency by market capitalization.For instance, analyst Dom highlights 0.0012 ETH as a historically significant resistance level, a threshold that has consistently preceded explosive rallies in past cycles. He notes that XRP has gone parabolic after breaking this resistance, delivering gains of at least 160% in previous instances.XRP/ETH 12-hour price charts. Source: TradingView/DomHe illustrated the same with three key breakout points—in early 2017, late 2017, and 2018 when XRP’s surged against Ether following a confirmed breach of the 0.0012 ETH resistance. As of March 16, XRP was once again testing this critical level. If history repeats itself, even a partial rally of 80% would be enough for XRP to flip ETH in market capitalization, DOM suggests, especially as Ether’s price risks more downside in 2025.Related: XRP price poised for 46% gains after Ripple secures first Dubai licenseAt $138 billion, XRP’s market cap is less than $100 billion short of hitting Ethereum’s. Moreover, XRP’s fully diluted valuation (FDV) briefly surpassed Ethereum’s earlier this week. For context, FDV represents the total theoretical value of all tokens, including those not yet in circulation, whereas market capitalization only accounts for tokens currently in circulation.Why is Ethereum underperforming XRP?XRP’s market dominance has grown by over 300% since Trump’s reelection on Nov. 5.XRP.D vs. ETH.D daily price chart. Source: TradingViewThe same period has witnessed Ethereum losing its market share by over 35.50%, showing a clear lack of interest among traders for Ether compared to other top-ranking crypto assets.A key factor in this divergence is regulatory sentiment. Trump has positioned the US as the future “world’s crypto capital,” appointing pro-crypto regulators and pledging to foster a more favorable environment. This shift has especially benefited XRP, which caters to enterprise users, particularly as Ripple unveiled an institutional DeFi roadmap in February.Meanwhile, Ethereum has slumped due to rising competition from rival layer-1 blockchains, particularly Solana (SOL). The Dencun upgrade in March 2024, which slashed Ethereum’s transaction fees by 95%, was intended to improve scalability. However, it has also reduced ETH burn rates, increasing supply and weakening its deflationary appeal and “ultrasound money” narrative. ETH supply rate since the Merge. Source: UltraSound MoneyAt the same time, Solana’s dominance has risen, with its trading volume now rivaling Ethereum and all its layer-2 chains combined. The network’s faster and cheaper transactions have made it the go-to platform for DeFi activity, memecoin trading, and NFT markets, which Ethereum previously dominated. This shift has eroded Ethereum’s market share, particularly among traders and developers seeking high-speed, low-cost transactions.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.

XRP (XRP) price versus Ether (ETH) reached its highest level in five years over the weekend, extending its recovery.On March 15, the XRP/ETH pair touched 0.00128 ETH for the first time since April 2020. That amounts to a 925% rebound when measured from its all-time low of 0.00013 ETH established in June 2024 and approximately 620% gains since November 2024, when Donald Trump won the US presidential election.XRP/ETH weekly price chart. Source: TradingViewXRP potential breakout versus ETHThe XRP/ETH rally is fueling speculation among market watchers that XRP could flip Ether to become the second-largest cryptocurrency by market capitalization.For instance, analyst Dom highlights 0.0012 ETH as a historically significant resistance level, a threshold that has consistently preceded explosive rallies in past cycles. He notes that XRP has gone parabolic after breaking this resistance, delivering gains of at least 160% in previous instances.XRP/ETH 12-hour price charts. Source: TradingView/DomHe illustrated the same with three key breakout points—in early 2017, late 2017, and 2018 when XRP’s surged against Ether following a confirmed breach of the 0.0012 ETH resistance. As of March 16, XRP was once again testing this critical level. If history repeats itself, even a partial rally of 80% would be enough for XRP to flip ETH in market capitalization, DOM suggests, especially as Ether’s price risks more downside in 2025.Related: XRP price poised for 46% gains after Ripple secures first Dubai licenseAt $138 billion, XRP’s market cap is less than $100 billion short of hitting Ethereum’s. Moreover, XRP’s fully diluted valuation (FDV) briefly surpassed Ethereum’s earlier this week. For context, FDV represents the total theoretical value of all tokens, including those not yet in circulation, whereas market capitalization only accounts for tokens currently in circulation.Why is Ethereum underperforming XRP?XRP’s market dominance has grown by over 300% since Trump’s reelection on Nov. 5.XRP.D vs. ETH.D daily price chart. Source: TradingViewThe same period has witnessed Ethereum losing its market share by over 35.50%, showing a clear lack of interest among traders for Ether compared to other top-ranking crypto assets.A key factor in this divergence is regulatory sentiment. Trump has positioned the US as the future “world’s crypto capital,” appointing pro-crypto regulators and pledging to foster a more favorable environment. This shift has especially benefited XRP, which caters to enterprise users, particularly as Ripple unveiled an institutional DeFi roadmap in February.Meanwhile, Ethereum has slumped due to rising competition from rival layer-1 blockchains, particularly Solana (SOL). The Dencun upgrade in March 2024, which slashed Ethereum’s transaction fees by 95%, was intended to improve scalability. However, it has also reduced ETH burn rates, increasing supply and weakening its deflationary appeal and “ultrasound money” narrative. ETH supply rate since the Merge. Source: UltraSound MoneyAt the same time, Solana’s dominance has risen, with its trading volume now rivaling Ethereum and all its layer-2 chains combined. The network’s faster and cheaper transactions have made it the go-to platform for DeFi activity, memecoin trading, and NFT markets, which Ethereum previously dominated. This shift has eroded Ethereum’s market share, particularly among traders and developers seeking high-speed, low-cost transactions.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.

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The ZKsync Ignite program will be discontinued after its first season, with the DeFi Steering Committee (DSC) announcing that rewards will cease on March 17, 2025. The decision is driven by a strategic shift towards focusing resources on the Elastic Network, which is seen as essential for the long-term vision of ZKsync. The DSC noted […]

Key Takeaways: The RED token has seen a significant price increase after the announcement of the DRILL program. The DRILL program aims to airdrop 4.5% of the total RED supply to early adopters and core users. This initiative consists of five strategic pillars designed to foster the sustainable growth of the RedStone ecosystem. As for…
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Bitcoin’s historic bull cycle remains intact despite widespread investor concerns over the current downturn, which analysts suggest may be just a temporary “shakeout” before the next upward move in the market.Bitcoin’s (BTC) price is currently down 22% from its all-time high of over $109,000 recorded on Jan. 20, on the day of US President Donald Trump’s inauguration, Cointelegraph Markets Pro data shows.Despite investor sentiment dropping into “Extreme Fear” multiple times, historic chart patterns suggest that this may just be a price shakeout — a sudden price drop caused by multiple investors exiting their positions, preceded by a sudden price recovery.“Several key technical indicators have turned bearish, leading to speculation that the bull cycle may be ending prematurely,” Bitfinex analysts told Cointelegraph.BTC/USD, 1-year chart. Source: Cointelegraph“Despite this, Bitcoin’s 4-year cycle remains an important factor, historically shaping price movements,” said the analysts, adding:“Corrections within bull cycles are normal, and past trends suggest that this may be a shakeout rather than the start of a prolonged bear market.”However, the launch of the US spot Bitcoin exchange-traded funds (ETFs), which temporarily surpassed $125 billion in cumulative holdings, along with the growing institutional crypto investments, make it “clear that the conventional cycle ceases to exist,” the analysts added.Related: Bitcoin needs weekly close above $81K to avoid downside ahead of FOMCIn an optimistic sign for price action, Bitcoin staged a daily close above $84,000 on March 15, for the first time in over a week since March 8, TradingView data shows.BTC/USD, 1-day chart. Source: TradingView However, due to Bitcoin’s correlation with traditional financial markets, BTC may only find a bottom along with equity markets, particularly the S&P 500, said Bitfinex analysts, adding:“While $72,000–$73,000 remains a key support range, the broader market narrative, especially global treasury yields and equity trends, will dictate Bitcoin’s next major move.”“Trade wars have already been priced in, to some extent, but prolonged economic strain could weigh on sentiment,” the analysts added.Related: Rising $219B stablecoin supply signals mid-bull cycle, not market topBitcoin halving and four-year cycle still crucial for price action: Nexo analystDespite fears over a disrupted Bitcoin bull market, the four-year cycle, along with the Bitcoin halving event, remain crucial for Bitcoin’s price action, according to Iliya Kalchev, dispatch analyst at Nexo digital asset investment platform.“Bitcoin’s four-year compound annual growth rate (CAGR) has declined to a record low of 8%, posing questions about whether its traditional four-year cycle remains valid,” Kalchev told Cointelegraph, adding:“Although strong institutional adoption over the past year has served as a significant tailwind for Bitcoin, its halving events are still expected to exert long-term influence.”The 2024 Bitcoin halving reduced the Bitcoin network’s block reward to 3.125 BTC per block.BTC/USD, 1-day chart since 2024 halving. Source: TradingView Bitcoin price is up over 31% since the last halving occurred on April 20, 2024, which was coined the “most bullish” setup for Bitcoin price, partly because of the growing institutional interest in the world’s first cryptocurrency.Magazine: SEC’s U-turn on crypto leaves key questions unanswered

Bitcoin’s historic bull cycle is still intact, despite widespread investor fear over the current correction, which may only be a temporary “shakeout” ahead of the next leg up, according to crypto market analysts.Bitcoin’s (BTC) price is currently down 22% from its all-time high of over $109,000 recorded on Jan. 20, on the day of US President Donald Trump’s inauguration, Cointelegraph Markets Pro data shows.Despite investor sentiment dropping into “Extreme Fear” multiple times, historic chart patterns suggest that this may just be a price shakeout — a sudden price drop caused by multiple investors exiting their positions, preceded by a sudden price recovery.“Several key technical indicators have turned bearish, leading to speculation that the bull cycle may be ending prematurely,” Bitfinex analysts told Cointelegraph.BTC/USD, 1-year chart. Source: Cointelegraph“Despite this, Bitcoin’s 4-year cycle remains an important factor, historically shaping price movements,” said the analysts, adding:“Corrections within bull cycles are normal, and past trends suggest that this may be a shakeout rather than the start of a prolonged bear market.”However, the launch of the US spot Bitcoin exchange-traded funds (ETFs), which temporarily surpassed $125 billion in cumulative holdings, along with the growing institutional crypto investments make it “clear that the conventional cycle ceases to exist,” the analysts added.Related: Bitcoin needs weekly close above $81K to avoid downside ahead of FOMCIn an optimistic sign for price action, Bitcoin staged a daily close above $84,000 on March 15, for the first time in over a week since March 8, TradingView data shows.BTC/USD, 1-day chart. Source: TradingView However, due to Bitcoin’s correlation with traditional financial markets, BTC may only find a bottom along with equity markets, particularly the S&P 500, said Bitfinex analysts, adding:“While $72,000–$73,000 remains a key support range, the broader market narrative, especially global treasury yields and equity trends, will dictate Bitcoin’s next major move.”“Trade wars have already been priced in, to some extent, but prolonged economic strain could weigh on sentiment,” the analysts added.Related: Rising $219B stablecoin supply signals mid-bull cycle, not market topBitcoin halving and four-year cycle still crucial for price action: Nexo analystDespite fears over a disrupted Bitcoin bull market, the four-year cycle, along with the Bitcoin halving event, remain crucial for Bitcoin’s price action, according to Iliya Kalchev, dispatch analyst at Nexo digital asset investment platform.“Bitcoin’s four-year compound annual growth rate (CAGR) has declined to a record low of 8%, posing questions about whether its traditional four-year cycle remains valid,” Kalchev told Cointelegraph, adding:“Although strong institutional adoption over the past year has served as a significant tailwind for Bitcoin, its halving events are still expected to exert long-term influence.”The 2024 Bitcoin halving reduced the Bitcoin network’s block reward to 3.125 BTC per block.BTC/USD, 1-day chart since 2024 halving. Source: TradingView Bitcoin price is up over 31% since the last halving occurred on April 20, 2024, which was coined the “most bullish” setup for Bitcoin price, partly because of the growing institutional interest in the world’s first cryptocurrency.Magazine: SEC’s U-turn on crypto leaves key questions unanswered

Bitcoin’s historic bull cycle remains intact despite widespread investor concerns over the current downturn, which analysts suggest may be just a temporary “shakeout” before the next upward move in the market.Bitcoin’s (BTC) price is currently down 22% from its all-time high of over $109,000 recorded on Jan. 20, on the day of US President Donald Trump’s inauguration, Cointelegraph Markets Pro data shows.Despite investor sentiment dropping into “Extreme Fear” multiple times, historic chart patterns suggest that this may just be a price shakeout — a sudden price drop caused by multiple investors exiting their positions, preceded by a sudden price recovery.“Several key technical indicators have turned bearish, leading to speculation that the bull cycle may be ending prematurely,” Bitfinex analysts told Cointelegraph.BTC/USD, 1-year chart. Source: Cointelegraph“Despite this, Bitcoin’s 4-year cycle remains an important factor, historically shaping price movements,” said the analysts, adding:“Corrections within bull cycles are normal, and past trends suggest that this may be a shakeout rather than the start of a prolonged bear market.”However, the launch of the US spot Bitcoin exchange-traded funds (ETFs), which temporarily surpassed $125 billion in cumulative holdings, along with the growing institutional crypto investments, make it “clear that the conventional cycle ceases to exist,” the analysts added.Related: Bitcoin needs weekly close above $81K to avoid downside ahead of FOMCIn an optimistic sign for price action, Bitcoin staged a daily close above $84,000 on March 15, for the first time in over a week since March 8, TradingView data shows.BTC/USD, 1-day chart. Source: TradingView However, due to Bitcoin’s correlation with traditional financial markets, BTC may only find a bottom along with equity markets, particularly the S&P 500, said Bitfinex analysts, adding:“While $72,000–$73,000 remains a key support range, the broader market narrative, especially global treasury yields and equity trends, will dictate Bitcoin’s next major move.”“Trade wars have already been priced in, to some extent, but prolonged economic strain could weigh on sentiment,” the analysts added.Related: Rising $219B stablecoin supply signals mid-bull cycle, not market topBitcoin halving and four-year cycle still crucial for price action: Nexo analystDespite fears over a disrupted Bitcoin bull market, the four-year cycle, along with the Bitcoin halving event, remain crucial for Bitcoin’s price action, according to Iliya Kalchev, dispatch analyst at Nexo digital asset investment platform.“Bitcoin’s four-year compound annual growth rate (CAGR) has declined to a record low of 8%, posing questions about whether its traditional four-year cycle remains valid,” Kalchev told Cointelegraph, adding:“Although strong institutional adoption over the past year has served as a significant tailwind for Bitcoin, its halving events are still expected to exert long-term influence.”The 2024 Bitcoin halving reduced the Bitcoin network’s block reward to 3.125 BTC per block.BTC/USD, 1-day chart since 2024 halving. Source: TradingView Bitcoin price is up over 31% since the last halving occurred on April 20, 2024, which was coined the “most bullish” setup for Bitcoin price, partly because of the growing institutional interest in the world’s first cryptocurrency.Magazine: SEC’s U-turn on crypto leaves key questions unanswered

Bitcoin’s historic bull cycle remains intact despite widespread investor concerns over the current downturn, which analysts suggest may be just a temporary “shakeout” before the next upward move in the market.Bitcoin’s (BTC) price is currently down 22% from its all-time high of over $109,000 recorded on Jan. 20, on the day of US President Donald Trump’s inauguration, Cointelegraph Markets Pro data shows.Despite investor sentiment dropping into “Extreme Fear” multiple times, historic chart patterns suggest that this may just be a price shakeout — a sudden price drop caused by multiple investors exiting their positions, preceded by a sudden price recovery.“Several key technical indicators have turned bearish, leading to speculation that the bull cycle may be ending prematurely,” Bitfinex analysts told Cointelegraph.BTC/USD, 1-year chart. Source: Cointelegraph“Despite this, Bitcoin’s 4-year cycle remains an important factor, historically shaping price movements,” said the analysts, adding:“Corrections within bull cycles are normal, and past trends suggest that this may be a shakeout rather than the start of a prolonged bear market.”However, the launch of the US spot Bitcoin exchange-traded funds (ETFs), which temporarily surpassed $125 billion in cumulative holdings, along with the growing institutional crypto investments, make it “clear that the conventional cycle ceases to exist,” the analysts added.Related: Bitcoin needs weekly close above $81K to avoid downside ahead of FOMCIn an optimistic sign for price action, Bitcoin staged a daily close above $84,000 on March 15, for the first time in over a week since March 8, TradingView data shows.BTC/USD, 1-day chart. Source: TradingView However, due to Bitcoin’s correlation with traditional financial markets, BTC may only find a bottom along with equity markets, particularly the S&P 500, said Bitfinex analysts, adding:“While $72,000–$73,000 remains a key support range, the broader market narrative, especially global treasury yields and equity trends, will dictate Bitcoin’s next major move.”“Trade wars have already been priced in, to some extent, but prolonged economic strain could weigh on sentiment,” the analysts added.Related: Rising $219B stablecoin supply signals mid-bull cycle, not market topBitcoin halving and four-year cycle still crucial for price action: Nexo analystDespite fears over a disrupted Bitcoin bull market, the four-year cycle, along with the Bitcoin halving event, remain crucial for Bitcoin’s price action, according to Iliya Kalchev, dispatch analyst at Nexo digital asset investment platform.“Bitcoin’s four-year compound annual growth rate (CAGR) has declined to a record low of 8%, posing questions about whether its traditional four-year cycle remains valid,” Kalchev told Cointelegraph, adding:“Although strong institutional adoption over the past year has served as a significant tailwind for Bitcoin, its halving events are still expected to exert long-term influence.”The 2024 Bitcoin halving reduced the Bitcoin network’s block reward to 3.125 BTC per block.BTC/USD, 1-day chart since 2024 halving. Source: TradingView Bitcoin price is up over 31% since the last halving occurred on April 20, 2024, which was coined the “most bullish” setup for Bitcoin price, partly because of the growing institutional interest in the world’s first cryptocurrency.Magazine: SEC’s U-turn on crypto leaves key questions unanswered