Category: Cryptocurrency News

On March 10, 2025, cryptocurrency and U.S. stock markets faced steep declines, with U.S. equities wiping over $1.75 trillion from Wall Street amid policy uncertainty, investor outflows, and external shocks. Billions have also exited the crypto economy. Global Markets Plunge: Trump Tariffs, Crypto Reserve Disappointment Drive Losses Wall Street’s screens flashed red Monday as U.S. […]

Surely all of this tether that can nearly buy all of Ethereum is backed, right? They wouldn’t dare be printing fake dollars over there, right? Just venting. I wish tether would hurry up and fall so the real cryptos can thrive. They simply cannot while tether exists. submitted by /u/orphen888 [link] [comments]

According to a report, Eurozone economic ministers are not too keen on Trump’s friendliness toward cryptocurrencies and in their opinion the European Union needs to “prevent any initiative” from having “negative consequences on stability and sovereignty.” EU Warns Trump’s Crypto Stance Risks Stability Donald Trump clearly knows how to shake things up, and his administration’s […]

submitted by /u/abcoathup [link] [comments]

XRP is once again the subject of bold forecasts, with market researcher Egrag Crypto anticipating a significant price boom. According to him, a major breakthrough pattern indicates that XRP might reach $27 in the coming months. This prediction has stirred discussions among investors, with some optimistic and others dubious. Related Reading: Bitcoin’s ‘Ugly Start’ – Weekend Sell-Off Pushes Price Near $80K XRP’s Breakout From A 7-Year Triangle Egrag Crypto could not be more upbeat about his projection. He assured investors that one month “will change their lives forever.” He bases this forecast on a critical breakout from a seven-year symmetrical triangle. In November 2024, XRP breached this trend, resulting in a dramatic 283% surge. The breakout has led him to believe that the token is on the verge of another explosive move. #XRP – 1 Month Will Change Your Life Forever ($9.7 – $27) 🔵 The Power of Market Waves & Narratives When @ElonMusk added #BTC to Tesla’s balance sheet last cycle, many thought all companies would follow. They didn’t. Narratives come and go, but markets move in cycles.… pic.twitter.com/dtGFQjeUE2 — EGRAG CRYPTO (@egragcrypto) March 7, 2025 Many traders use these trend lines to spot possible pricing patterns. The case is that earlier breakouts have caused significant price movements and history often repeats itself. Still, other observers think that legal obstacles and macroeconomic variables could pose a challenge to XRP’s development. Key Levels To Track There is not a straight line to $27. Egrag Crypto exposes the major hurdle XRP has to overcome. The token must first break through $2.62 then cruise to $3.00 and $3.40. Historically, these price points have been key obstacles, stopping XRP from rising. Should XRP effectively get rid of these obstacles, the next aim is roughly $6. Egrag projected back in December 2024 that by the end of the month this level will be attained. His latest outlook suggests that a push beyond $6 could lead to a full rally toward $27. Comparisons To The 2017 Bull Run Some of the excitement around this prediction comes from historical trends. Egrag Crypto and others have drawn comparisons between XRP’s current trajectory and its performance in 2017. Back then, XRP experienced a massive rally that took its price from a few cents to an all-time high of $3.40. If the token follows a similar path, a rally of over 700% could be in play. That would mean XRP jumping from its current levels to $27. While such a move isn’t impossible in the crypto market, skeptics warn that past performance doesn’t guarantee future results. Related Reading: Could Cardano Be The Next Big Crypto Winner? Analyst Points To $2 Target Skepticism And Investor Caution Not everybody is persuaded. The continuing legal dispute between Ripple and the SEC is one of the regulatory problems that XRP has faced. These legal questions worry some traders since they could stop any meaningful price movement. Additionally, broader market conditions, such as interest rate decisions and Bitcoin’s price action, could influence whether XRP sees another massive rally or remains range-bound. Despite these doubts, Egrag Crypto is still sure about his estimate. Whether XRP reaches $27 or not, the next major movement in the next months will be vital in deciding it. Investors will be watching closely to see if this bold projection comes true. At the time of writing, XRP was trading at $2.19, down 1.60% and 17.53% in the daily and weekly frames. Featured image from Gemini Imagen, chart from TradingView

Today in crypto, Mt. Gox makes its second Bitcoin move in a week, cyberattackers target Elon Musk’s X, and crypto exchange-traded products (ETPs) saw their fourth straight week of outflows, with $876 million lost.Mt. Gox makes second Bitcoin move in a week as it taps $76KDefunct crypto exchange Mt. Gox moved 11,833 Bitcoin (BTC), worth $926.2 million, on March 11 — its second big BTC transfer in a week amid the cryptocurrency’s price falling to a four-month low of around $76,700.Arkham Intelligence data analyzed by Lookonchain found that 11,501 BTC was sent to a new wallet. The remaining 332 BTC were transferred to a warm wallet, which analytics firm Spot On Chain said could be moved to assist with the repayments.Mt. Gox moved 12,000 Bitcoin worth a little over $1 billion on March 6. The exchange fell into bankruptcy in early 2014 and similar moves it has made in the past have been a precursor to it paying out its creditors.Transaction details of Mt. Gox’s $931 million transfer. Source: Arkham IntelligenceBitcoin has struggled to maintain a rally amid a wider market rout that has seen investors flee risky assets like crypto. The sinking US markets saw JPMorgan economists bump the risk of a recession this year to 40%, up from 30% at the beginning of 2025.‘Dark Storm’ hacking group says they attacked XThe hacker group “Dark Storm” has taken credit for what Elon Musk called a “massive cyberattack” against his social media platform X that prevented some users from accessing the site.Cybersecurity group SpyoSecure said Dark Storm’s leader posted to Telegram to take credit for the attack, with a post saying the group “took Twitter offline,” alongside a screenshot of failed connection attempts from various global locations.Musk posted to the platform saying it gets “attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved.”There were more than 33,000 reports of X outages on March 10, according to Downdetector.Musk confirmed the cyberattack in response to a social media user who detailed a series of actions against his interests, from protests against the Department of Government Efficiency (DOGE) to vandalism of Tesla stores.As NBC News reported, there have been at least 10 acts of vandalism against Tesla stores and vehicles, likely in response to the billionaire entrepreneur’s involvement in the Trump White House.Source: Elon MuskCrypto ETPs see fourth straight week of outflows, totaling $876 millionAfter posting record weekly outflows of $2.9 billion last week, crypto ETPs continued their downward trend, bringing the four-week total outflows to $4.75 billion, CoinShares reported on March 10.While the pace of outflows slowed, investor sentiment remained bearish, according to James Butterfill, head of research at CoinShares.The analyst also suggested that the market has shown signs of capitulation.Bitcoin (BTC) ETPs were the primary driver of outflows, accounting for $756 million, or 85% of last week’s total. Short-Bitcoin ETPs also saw outflows of $19.8 million, the most since December 2024. With cumulative outflows reaching $4.75 billion over the past four weeks, the year-to-date inflows dropped to $2.6 billion.Weekly crypto ETP flows since late 2024. Source: CoinSharesTotal assets under management (AUM) declined by $39 billion to $142 billion, the lowest point since mid-November 2024, driven by both negative price movements and sustained outflows, Butterfill noted.This bearish sentiment was also observed among a wide range of altcoins last week, with Ether (ETH) ETPs seeing $89 million of outflows.Tron (TRX) and Aave (AAVE) were also among the most notable ETP losers, seeing $32 million and $2.4 million in outflows, respectively, according to the report.

Coinbase Derivatives, LLC, a futures exchange regulated by the U.S. Commodity Futures Trading Commission (CFTC), is preparing to introduce the first round-the-clock bitcoin and ethereum futures contracts, granting U.S. traders uninterrupted access to risk mitigation tools and market engagement. 24/7 Bitcoin and Ethereum Futures Set to Debut in US Markets These innovative instruments will function […]

Ether (ETH) price dropped below $2,600 on Feb. 24 and has since struggled to sustain a meaningful recovery. The latest correction toward the $2,000 level triggered over $918 million in leveraged long (bull) liquidations in ETH futures within 15 days, according to CoinGlass data.Traders now question what needs to happen for ETH to break above $2,500.Ether/USD (left) vs. total altcoin market cap (right). Source: TradingView / CointelegraphEther has underperformed the altcoin market by 10% during this period, as shown in the chart above.More concerningly, this decline followed a memecoin frenzy that boosted Ethereum’s main competitor, Solana (SOL). This suggests that additional factors are hampering ETH’s price, and four major issues need to be addressed before Ether can reclaim a bull market.Ethereum’s upgrades and increased competition For some, the upcoming Pectra upgrade on the Ethereum network falls short of what is needed to drive a meaningful turnaround, whether it lowers base-layer transaction fees or significantly enhances usability.Even if the changes do improve the user experience, analysts argue that Ethereum still lacks interoperability across different layer-2 solutions, both in terms of liquidity and user accessibility.Recent reports of empty blocks on the Ethereum testnet have added to risk perception at a time when investors were already skeptical. Regardless of whether this issue is unrelated to the upcoming upgrade or easily fixable, some traders worry that any potential delay could be perceived negatively by the market.In essence, fear remains the dominant sentiment, and for this to change, several pressing issues must be resolved.Critics argue that part of ETH investors’ disappointment stems from the rise of indirect competitors, such as the modular layer-1 Berachain, which focuses on integrating liquidity and governance for decentralized finance (DeFi) applications.7-day protocol fees ranking, USD. Source: DefiLlamaBerachain has successfully captured over $3 billion in deposits, as measured by total value locked (TVL) on DefiLlama.Similarly, Hyperliquid, a perpetual futures application hosted on its own blockchain, has surpassed $2.8 billion in open interest, outpacing competitors on the Ethereum network. In many ways, competition is growing beyond the traditional model.For ETH’s price to regain bullish momentum, traders need reassurance that the Ethereum network offers practical and clear advantages for its projects and users. Ultimately, Ethereum’s focus on decentralization and incremental improvements—whether justified or not—could be stemming demand compared to its competition.  Weak onchain activity and institutional demandThe lack of demand from institutional investors is evident in the spot exchange-traded fund (ETF) flows, which were negative in nine of the last 10 trading days, resulting in $406 million in net withdrawals.Some analysts suggested that demand could surge following the eventual approval of native staking on Ethereum ETFs, but this theory is now less certain, given that the ETH supply is increasing at 0.7% annually.Lower demand for blockchain processing has reduced the burn-fee mechanism, causing Ether to become inflationary. As a result, the adjusted native staking reward is now below 2.5%, while deposits in stablecoins yield up to 4.5% in most DeFi projects.Ultimately, the eventual inclusion of staking in spot ETFs is unlikely to be a game-changer for institutional demand.Related: DeFi TVL drops by $45B, erasing gains since Trump electionLastly, traders are concerned that the US Securities and Exchange Commission may approve a spot Solana ETF in 2025, creating direct competition for investors who currently only have access to Ether and Bitcoin (BTC) ETF products.Therefore, for ETH price to reach $2,500 and beyond, investors need clearer evidence that Ethereum offers sustainable advantages beyond its first-mover advantage.In summary, Ether’s future depends on Ethereum network upgrades, increased network usage, a subsequent decline in supply, and reduced friction for layer-2 interoperability, ensuring that the entire ecosystem benefits from its growth.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.