Monat: April 2025

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Shiba Inu, Ethereum prices waver as traders flock to this viral token

Economic uncertainties continue to keep buyers on the sidelines, causing most cryptos to record double-digit losses in recent months. While fear remains the key emotion within the crypto space, most tokens recorded a corrective rebound on Tuesday’s session as they strive to find their footing.

Even so, projects transforming the meme crypto space have maintained an upward momentum. Bitcoin Pepe, one such project has particularly captured the attention of enthusiasts looking to get the best from Bitcoin’s network and the meme culture. By building “Solana on Bitcoin” and developing the meme layer-2 solution on the unrivaled network, Bitcoin Pepe is “bringing the meme culture home”. 

Shiba Inu price records intraday rebounding as it finds its footing

Amid the heightened tariff jitters, Shiba Inu extended its losses to trade at a 13-month low on Monday’s session. However, it held steady above the crucial support zone of $0.00001. 

A look at its daily price chart shows the top meme coin trading below the 20 and 50-day EMAs; an indication that it is not out of the woods yet. In fact, it has been on a downtrend since December 2024 when the two MAs formed a bearish death cross pattern.

In the near term, $0.00001 will likely remain a steady support level as Shiba Inu price finds its footing along Monday’s intraday low of $0.00001025. On the upside, the resistance level along the 20-day EMA at $0.00001241 will be worth watching. 

Shiba Inu Price
Shiba Inu Price

Bitcoin Pepe has enthusiasts sold on bringing meme crypto “home”

Bitcoin Pepe has been causing ripples across the meme crypto space and has over $6.2 million to show for it. In 8 weeks, it has already sold out 7 stages as meme lovers overwhelmingly embrace this revolutionary project. Its success is founded on its infrastructure and growth potential.

As the only Bitcoin meme ICO, Bitcoin Pepe is merging two ultra-popular worlds; the meme culture and the reliable Bitcoin network. Indeed, some enthusiasts have indicated that the project is “bringing meme crypto home”. 

With the meme layer-2 solution on the Bitcoin network, its holders get to enjoy BTC’s unrivaled security, Solana-style transaction speed, lower fees, and the overall meme culture. Besides, the new PEP-20 standard allows for one to launch a meme coin on the unrivaled Bitcoin network. 

It is this one-of-a-kind infrastructure that has meme enthusiasts flocking to purchase BPEP tokens before they hit the public shelves in Q2. With its value set to surge by up to 100X once it launches, the current price of $0.0295 is irresistible. 

So far, early adopters have locked in cumulative gains of 33.8% as the token price increases by about 5% with every stage. By the end of the 30 stages, holders will have their capital investment surge by up to 311.4%.  Hurry up and buy Bitcoin Pepe here.

Ethereum price set for corrective rebound amid the heightened selling pressure 

Ethereum Price Chart
Ethereum Price Chart

Ethereum price has plunged by over 50% since the beginning of the year with internal challenges and macroeconomic chaos being key bearish drivers. As fear remains the key emotion driving the crypto market, the altcoin continues to experience immense selling pressure.

As seen on its daily price chart, ETH is in the oversold territory with an RSI of 29. However, the indicator is facing upwards; signaling a corrective rebound after it hit two year low on Monday at $1,415. In the near term, the bulls will be keen on defending that support level. On the upside, $1,750 will be a resistance zone worth watching. 

 

 

The post Shiba Inu, Ethereum prices waver as traders flock to this viral token appeared first on CoinJournal.

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XRP holds potential despite 16% plunge, expert urges caution

  • XRP drops 16% to $1.76 amid broader cryptocurrency market sell-off.
  • Expert Vincent Van Code links XRP’s past spike to US political optimism.
  • Van Code warns of a global financial reset and advises holding XRP positions.

XRP investors are facing a challenging moment as the digital currency has dropped 16% to $1.76 amid widespread selling across cryptocurrency markets.

The decline reflects broader turmoil, with major cryptocurrencies also taking a hit. Bitcoin values have plummeted more than 8% to $76,000.

The sell-off appears to be part of a larger crypto sector trend, leaving investors questioning their next moves.

Vincent Van Code, a well-known software engineer, has weighed in, expressing confidence in XRP despite the sharp price drop.

He attributes the decline to fear-driven market sentiment rather than any fundamental issues with the token itself.

XRP price spike tied to political optimism

Van Code suggests that XRP’s previous price surge, which saw it rise from $0.54 to $3.40, was largely driven by political optimism surrounding the new US administration’s pro-cryptocurrency policies.

This indicates that the token’s value has been heavily influenced by external political factors rather than solely technical advancements or adoption rates.

Despite the recent fall, Van Code maintains that nothing has fundamentally changed about XRP’s prospects.

He links the current market instability to spillover effects from traditional markets, noting reports of the US stock market losing approximately $6.5 trillion in value over two days last week due to global trade tensions.

This broader economic context, he argues, is amplifying the pressure on cryptocurrencies.

Expert warns of economic reset and market shorting

Van Code connects the ongoing volatility to what he describes as a “global financial reset,” suggesting that the US government’s actions are destabilizing multiple economies as part of a transformative process.

He warns that such sweeping changes often require the breakdown of existing structures before rebuilding, urging investors to brace for further turbulence.

Rather than viewing the decline as a reason to panic, Van Code sees it as potentially deliberate, with influential market players profiting by shorting the market ahead of the drop.

He predicts these investors will soon reverse their positions, potentially triggering a “miraculous” market bounce.

Drawing an analogy to swimming near whales in a stormy sea, he emphasizes the need for strategic patience.

Van Code advises XRP investors against closing their positions, asserting that a significant price recovery remains possible once market conditions stabilize.

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Flight to safety? Crypto funds see outflows as investors fret over tariffs

  • Crypto ETPs faced $240 million in outflows last week due to US tariffs.
  • Bitcoin ETPs were the hardest hit, with $207 million in withdrawals.
  • The US led the outflows, followed by Germany.

Global cryptocurrency exchange-traded products (ETPs) experienced a sharp reversal of fortune last week, with outflows totaling $240 million as investors grew wary of the potential economic impact of new US trade tariffs.

This marks a significant shift after two consecutive weeks of robust inflows, which had amounted to $870 million, according to a report in CoinMarketCap.

According to a CoinShares report, Bitcoin-related ETPs were the hardest hit, suffering withdrawals of $207 million, leaving the total assets under management at $132.6 billion – a modest 0.8% increase from the previous week.

The outflows were primarily concentrated in the United States, which saw $210 million withdrawn from its crypto funds.

Germany followed with $17.7 million in outflows, while Switzerland and Sweden also experienced net withdrawals.

In contrast, Canada and Brazil bucked the trend, with $4.8 million and $1.4 million, respectively, flowing into crypto funds.

Hong Kong and Australia also registered small inflows, offering a glimmer of optimism amid the broader market pullback.

Despite the recent setback, Bitcoin-related products still boast a year-to-date increase of $1.3 billion in investments.

However, the past week saw Bitcoin’s price plummet by more than 6%, largely due to tariff-related concerns and the pervasive economic uncertainty they sparked.

Beyond Bitcoin, other cryptocurrencies, including Ethereum, Solana, and Sui, also experienced significant outflows, as investor sentiment soured.

Ethereum saw $37.7 million withdrawn, while Solana and Sui experienced outflows of $1.8 million and $4.7 million, respectively.

On the other hand, smaller tokens like Toncoin enjoyed some positive movement, attracting $1.1 million in inflows.

Grayscale bleeds, BlackRock remains strong

Grayscale’s Bitcoin funds led the outflows, with $95 million in withdrawals last week.

This pushed Grayscale’s year-to-date outflows to a staggering $1.4 billion, the highest among all ETP providers, reflecting ongoing adjustments within the digital asset management landscape.

Conversely, BlackRock’s iShares ETFs, while experiencing $56 million in outflows last week, still boasted $3.2 billion in total inflows for the year, demonstrating their continued strength.

Other major players like ProShares and ARK Invest also saw continued inflows for the year, albeit in smaller amounts, with $398 million and $146 million, respectively.

While crypto ETPs experienced a downturn, the cryptocurrency equities market displayed greater resilience.

Blockchain stocks, including those of Coinbase, saw $8 million in inflows for the second consecutive week, suggesting investor confidence in the underlying infrastructure and businesses despite broader market anxieties.

Industry insiders, such as Marcin Kazmierczak from RedStone, suggest that the situation reflects wider market dynamics rather than a specific downturn in crypto assets.

The overall sentiment indicates that the crypto sector remains relatively robust, supported by continued institutional growth and the development of real-world applications.

Despite the notable outflows from global crypto funds last week, particularly those tied to Bitcoin, the enduring appeal of blockchain equities suggests that the market is far from collapsing.

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