Latest crypto news: the crypto market faces renewed turbulence as Bitcoin dips below $85,000, Ethereum drops under $1,800, and XRP experiences a short-lived spike.

TL;DR This Friday, Bitcoin and Ethereum options worth a combined total of 2.58 billion dollars are set to expire, potentially causing short-term volatility in the crypto market. The put-to-call ratio for BTC (1.25) and ETH (1.41) reveals a bearish sentiment, with prices likely to approach their respective “max pain” levels.

Opinion by: Matt Mudano, CEO of Arch Labs Ethereum is struggling, and decentralized finance (DeFi) is suffering as a result. Layer-2 (L2) solutions have fractured liquidity, making capital inefficient.

Ethereum, the second largest cryptocurrency by market capitalization, has seen a significant drop in fees, drawing attention on the crypto market.

PayPal Holdings, Inc. has announced the extension of its digital asset offering, introducing Chainlink (LINK) and Solana (SOL) as new crypto that can be purchased, held, sold, and transferred on the PayPal and Venmo platforms. This innovation marks another step forward in the company's commitment to providing accessible and secure digital solutions for everyone, directly responding to the requests of its users.

Solana price has stalled at a crucial make-or-break support level that could determine its next direction. After peaking near $300 in January, SOL price now sits around the key level at $120.

For ether, things aren't looking good. The chart below very clearly shows just how painful of a spot ETH is in right now.

PayPal has broadened its cryptocurrency services for U.S. customers by adding Solana (SOL) and Chainlink (LINK) to its platform.

The crypto market remained firmly in the red as it continued to grapple with market uncertainty and volatility following the introduction of heavy tariffs by President Donald Trump. As a result, Bitcoin (BTC) and Ethereum (ETH) experienced considerable declines.

Ethereum remains under pressure as the broader market sentiment struggles to shift bullish. The price continues to hover around key demand zones, with little sign of immediate strength from bulls, while derivatives and on-chain activity show signs of caution.

"I buy once the streets are filled with blood, now is a good time," Doctor Profit said.

TL;DR Upgrade Date & Preparations: Ethereum devs now target May 7, 2025, for the Pectra upgrade, with client releases by April 21 and a detailed specifications blog post on April 23.

Lens Chain mainnet goes live using an inexpensive Ethereum overlay blockchain designed for building decentralized social media applications.

Since Ethereum has formally fallen below the crucial $1,800 support level, investors are becoming more concerned about the asset's short-term future. ETH has now broken through this psychological barrier following weeks of pressure suggesting that the bearish momentum is still in control.

Chainlink is trading at crucial demand levels as the entire crypto market faces heightened selling pressure and uncertainty. After weeks of volatility and downside moves, bulls continue to struggle to regain control, with LINK failing to break above key resistance levels.

Ethereum has experienced a challenging month and a half, with its price nearing a 17-month low at $1,802 at the time of writing. Despite this ongoing downtrend, which nearly sent ETH into a bear market, key investors have remained optimistic.

Ethereum (ETH) investors continue to suffer as the price trades below $2,000 for 25 consecutive days. Although many altcoins have experienced massive rallies, Ethereum price has failed to move, and four charts accurately explain why this is the case.

This new timeline comes after a successful test on the Hoodi testnet. It was confirmed during a key core developers' call on Thursday.

The highly anticipated Pectra upgrade will launch on the Ethereum (ETH) mainnet on May 7, 2025, after overcoming a series of technical challenges and delays in the testnet phase.

The crypto market was on a roll in 2024, but many of the leading names have backed down in recent months.

Ethereum (ETH) continues to show weakness, struggling to maintain gains near the $2,000 level. Despite brief intraday upticks, the overall trend remains bearish.

Ethereum price has fallen to $1,777 with increased whale accumulation suggesting potential rally in Q2 2025 despite current bearish indicators.

Whales seem to have changed their strategy.

Ethereum (ETH/USD) price held a crucial support range between $1,755 and $1,800 as the United States hammered global markets with trade wars on Thursday. The large-cap altcoin, with a fully diluted valuation of about $217 billion and a 24-hour average trading volume of around $15.

This week, we examine Ethereum, Ripple, Cardano, Solana, and Shiba Inu in greater detail. Ethereum (ETH) Ethereum and most of the market closed March in red and April opened with a tariff war which crashed prices this week.

Ethereum developers have locked in May 7, 2025, as the launch date for the network's next major upgrade, Pectra. The decision was made during a core developer call on Apr.

The crypto market is set to see $2.58 billion in Bitcoin and Ethereum options expire today, a development that could trigger short-term price volatility and impact traders' profitability.

Data shows markets are pricing in four rate cuts in 2025 — 0.25 bps each in June, July, September and December. Rate cuts occur when a central bank, like the Federal Reserve, lowers interest rates to stimulate economic growth by making borrowing cheaper.

The decision to finalize the May 7 date was made during a core developers' call, which followed a successful test on Hoodi.

The investors remain distressed after the announcement of new tariff plans. With this, the US stocks had their worst day ever since 2020. As a result, the investors are scared of further escalation and economic fallout. The negative impact has been seen over the crypto markets as Bitcoin & Ethereum remain consolidated within a range.

Poor network activity, low transaction fees, and a reduced ETH burn rate have increased inflationary pressures on Ethereum, sustaining the decline.

Keith O'Brien, a former Rippling employee, admitted to sharing internal information with a competitor in exchange for Ethereum ETH payments while still working at the company.

Although sentiment toward Ethereum (ETH) remains largely pessimistic, crypto analyst Mister Crypto predicts that the second-largest cryptocurrency by market cap could be on the verge of a parabolic rally, mirroring its historical price action from 2020. Ethereum About To Witness A Change Of Fortune?

Ethereum price attempted a recovery wave above the $1,820 level but failed. ETH is now consolidating losses and might face resistance near the $1,840 zone.

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.

Bitcoin, which has been exhibiting signs of stabilization after weeks of hesitancy and erratic trading, is currently holding steady at $84,000. The long-awaited tariffs have finally been formally introduced, eliminating a significant layer of uncertainty that had kept markets cautious.

A long-dormant Ethereum wallet inked $8.66 million in profits after selling 5,001 ETH it purchased back in 2017. The crypto tracker Lookonchain notes the address acquired 5,001 Ethereum for $1.38 million in 2017, back when ETH cost only $277.

Cryptocurrency markets are trading lower on Thursday, following a significant decline in traditional financial markets. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $82,025.41 -5.1% Ethereum (CRYPTO: ETH) $1,785.61 -6.5% Solana (CRYPTO: SOL) $115.31 -11.7% XRP (CRYPTO: XRP) $2.05 -4.6% Dogecoin (CRYPTO: DOGE) $0.1587 -8.5% Shiba Inu (CRYPTO: SHIB) $0.00001221 -3.6% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 7.5% and daily active addresses falling by 6%.

Over time, Ethereum, the second-largest crypto asset and largest altcoin, has often spearheaded an Altcoin Season due to its significant performance after the market shifts from a Bitcoin season to an altcoin season in each bull market cycle.

A former employee of Rippling has alleged he accepted $5,000 in ETH per month to spy on his employer on behalf of its competitor, Deel.

Whale accumulation amid price drops suggests confidence in Ethereum's long-term value, highlighting potential for future market resilience. The post Ethereum whales accumulate 130,000 ETH amid price drop appeared first on Crypto Briefing.

BNY has announced the expansion of its digital assets platform with the launch of a new tool aimed at delivering both on- and off-chain accounting data to blockchain networks.

The price of TRON (TRX) is in a horizontal trend and continues to trade with choppy price action.

After overcoming testnet hitches, Ethereum's major Pectra upgrade has been set for early May. Here's what to expect.

Ethereum's core developers have confirmed the Pectra upgrade will launch on the mainnet on May 7, 2025, following a smooth final test on the Hoodi testnet and weeks of coordination to resolve earlier technical issues.

How are the charts looking after this sharp drop? Here's an overview of the most relevant technical signals for Cardano, Ethereum (ETH), and Bitcoin (BTC) charts.

Ethereum developers set May 7 as the most probable date for the Pectra upgrade, combining a total of 11 EIP.

Cryptocurrency traders on social media are debating whether a hypothetical Harris presidency may have been a better long-term outcome for the sector, given the poor performance of cryptocurrencies since President Trump took office. What Happened: Pseudonymous trader Pickle outlined a "what-if" scenario in a post on X on Thursday, comparing how cryptocurrencies would have performed if Kamala Harris had won the presidency.