Kategorie: Ethereum News

Ethereum news about the ETH blockchain and its crypto ecosystem.

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Ethereum plunges as Donald Trump’s trade war batters crypto markets

  • Ethereum leads fresh crypto selloff amid Trump’s trade war.
  • Trump’s insistence on tariffs dims hopes of avoiding a trade conflict.
  • Ethereum fell over 6% to its lowest level since March 2023.

Ethereum (ETH-USD), the second-largest cryptocurrency by market capitalization, spearheaded a renewed wave of selling across the digital asset landscape on Wednesday.

The downturn comes as US President Donald Trump doubled down on his trade war, insisting on enforcing 104% tariffs on numerous Chinese goods, further diminishing hopes that a prolonged and damaging trade conflict could be averted.

Ethereum tumbled more than 6% to reach its lowest intra-day level since March 2023 before partially recovering to trade at $1,432 as of 9:51 a.m. in Singapore.

Bitcoin (BTC-USD), the market’s bellwether cryptocurrency, also experienced a decline, dropping more than 3% before regaining some ground, underlining the broad-based nature of the market downturn.

Tariff uncertainty dampens sentiment: a broader market pullback

Trump and top administration officials signaled on Tuesday that the US was open to potential dealmaking that could reduce or eliminate the higher tariffs imposed on dozens of nations, creating a brief glimmer of optimism.

However, Asian stocks sank, and wider financial markets were once again roiled as the president intensified pressure on China.

This whiplash effect has left investors wary and contributed to the risk-off sentiment across asset classes.

“People have given up”: crypto recovery hopes fade

“It seems like people have given up on a major recovery in crypto in the first half of the year,” Sean McNulty, head of APAC derivatives at digital-asset prime brokerage FalconX, told Bloomberg, reflecting the growing pessimism among market participants.

McNulty noted a surge in put options activity, with investors buying downside protection for Ether and Solana overnight, signaling a defensive positioning.

He also added that the next key support level for Bitcoin is around $65,000, highlighting the potential for further price declines if the sell-off continues.

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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. 

 

 

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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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Whale loses over $106 million as Ethereum price crashes

  • Whale loses $106M in Ethereum (ETH) liquidation on Sky due to a 14% price drop.
  • Crypto market sees $1.36B in liquidations, affecting 441,856 traders.
  • Trump’s tariffs and economic uncertainty drive market sell-offs.

An Ethereum whale on the decentralized finance (DeFi) lending platform Sky, formerly Maker, has been liquidated following the crash of the price of Ethereum (ETH).

This whale lost 67,570 ETH, valued at approximately $106 million, following the sharp decline in ETH’s market price as the crypto market melts down following President Donald Trump’s ‘Liberation Day’ tariffs.

The Ethereum whale lost 67,570 ETH to liquidation

The whale’s downfall came as ETH’s price plunged 14% on April 6, dragging the collateral ratio of their position down to 144%.

Unable to maintain the necessary buffer, Sky liquidated the entire 67,570 ETH stash, wiping out over $106 million in value.

Notably, Sky operates as a DeFi lending platform where users can deposit cryptocurrency like ETH as collateral to borrow DAI, a stablecoin pegged to the US dollar.

To mitigate the risks posed by crypto’s volatility, Sky enforces an overcollateralization requirement. This means borrowers must lock up significantly more value in ETH than the DAI they borrow.

When collateral values dip below this threshold, the system triggers liquidation, seizing the assets to repay the loan.

The whale’s liquidation is not an isolated event but part of a seismic shift rattling the cryptocurrency landscape.

Over the past 24 hours, the crypto market has seen 441,856 traders liquidated, with the total liquidations coming to $1.36 billion, according to Coinglass.

The liquidations come as cryptocurrency heavyweights like Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE) reel from double-digit losses.

Bitcoin, for example, has slipped below $75,000, a steep fall from its recent peak near $90,000, signaling widespread distress across the sector.

With the sharp BTC price drop, a wrapped Bitcoin whale has been liquidated four times, losing over $19 million in less than 50 days.

Another major player, holding 56,995 wrapped ETH worth roughly $91 million, teeters on the edge of liquidation on Sky.

Trump’s tariffs cause market turmoil

The current crypto market downturn comes as Donald Trump’s “Liberation Day” and threats of global retaliatory tariffs stoke economic unease.

The tariffs have triggered a sell-off in traditional stock markets, spilling over into crypto as investors flee riskier assets.

The mounting fear of a looming financial crisis has only deepened the gloom enveloping digital currencies.

Analysts are scrambling to map out what lies ahead, with Charlie Sherry of BTC Markets pointing out that Bitcoin has lost its $79,000-$80,000 support zone, leaving $72,000—the pre-election high—as the next critical floor.

Geoffrey Kendrick from Standard Chartered cautions that Sunday’s crypto tremors could foreshadow a rough Monday for stocks, hinting at deeper interconnections between markets.

However, glimmers of hope persist, with Sherry positing that a reversal in Trump’s policy stance or an emergency move by the Federal Reserve, such as slashing interest rates, might buoy the market.

Recently, traders ramped up bets on Fed intervention to avert a US recession, a step that could pump liquidity into the system and offer crypto a lifeline.

As the crypto world braces for what’s next, caution remains the watchword for those navigating this turbulent terrain.

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Investors shifting focus to PepeX as Ethereum (ETH) consolidates below $2k

  • Ethereum (ETH) consolidates below $2k, testing a 5-year trendline.
  • PepeX emerges as a fairer investment alternative with its upcoming presale and AI-powered meme coin launchpad.
  • Investors are shifting their focus to the upcoming PepeX presale amid Ethereum uncertainty.

As Ethereum (ETH) lingers in a precarious consolidation phase below the $2,000 mark, investors are increasingly turning their attention to alternative opportunities in the crypto space.

The broader market remains jittery, plagued by macroeconomic uncertainty, trade war fears, and erratic US policy decisions under President Trump. However, amid this turbulence, a new contender, PepeX, is emerging as a beacon for those seeking fresh prospects.

Billed as the world’s first AI-powered meme coin launchpad, PepeX promises a fairer alternative, drawing in degens and retail investors alike with its innovative approach and upcoming presale set to kick off on March 24, 2025.

Ethereum (ETH) faces a critical juncture

Ethereum’s current struggles are palpable as it trades in a tight range between $1,800 and $1,900, unable to reclaim the psychologically significant $2,000 level.

Analysts, including the prominent Mister Crypto, have pointed to a 5-year-long trendline that ETH is now testing— a historical support that has weathered major corrections in the past. This level is make-or-break for the second-largest cryptocurrency.

Should the level hold firm, a bullish reversal could propel Ethereum (ETH) back above $2,000, igniting hopes of a rally toward $2,300, where the 4-hour 200 moving average awaits as a key resistance.

However, the bears are unrelenting, and a failure to defend this trendline could see ETH slide toward lower demand zones around $1,600-$1,700.

The broader economic backdrop isn’t helping Ethereum’s case. Rising trade tensions, inflation concerns, and regulatory ambiguity in the US have left risk assets, including crypto, in a state of flux.

Bulls have lost their grip, and the prolonged consolidation has traders on edge, uncertain whether the next move will be a breakout or a breakdown.

For now, ETH remains at a crossroads, with its fate hinging on how it reacts to this multi-year support over the coming days and weeks.

This uncertainty has pushed some investors to diversify, seeking opportunities that offer more immediate promise and less exposure to Ethereum’s volatility.

PepeX offers a new frontier for crypto investors

As Ethereum struggles to gain its footing, PepeX is capturing the imagination of the crypto community with its bold mission to democratize meme coin creation with its PepeX.fun memecoin launchpad.

Unlike Pump.fun, which has been criticized for favouring insiders and leaving only 0.4% of traders with gains exceeding $10k, PepeX aims to level the playing field. Its AI-driven launchpad allows anyone to create a token in minutes—upload an image, pick a ticker, and let the AI handle the rest, from generating viral memes to deploying anti-snipe smart contracts.

With a $500 entry fee for creators, PepeX weeds out low-effort projects, ensuring a higher quality of meme coins while still keeping the process accessible to the masses.

What sets PepeX apart is its commitment to fairness and transparency. Founders are capped at a 5% token allocation, with their liquidity locked and redistributed to the community if a project flops—a stark contrast to the exit liquidity schemes that have plagued other platforms.

Additionally, the AI-powered marketing bots further amplify its appeal, autonomously shilling tokens on Telegram and X to supercharge growth.

With Pump.fun raking in nearly $400M in fees last year, PepeX positions itself as the next big wave, offering token holders a chance to ride a rising tide of value as more projects join the ecosystem.

As Ethereum stalls, investors are positioning themselves for the PepeX’s presale which opens in the next five days, drawn by its narrative of vengeance against the old guard and its promise of a fairer, more profitable meme coin meta.

For degens and retail crypto investors, PepeX offers a tantalizing blend of innovation, accountability, and opportunity, making it a compelling alternative as Ethereum (ETH) battles to find its footing.

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