Dogecoin (DOGE) is facing increased downward pressure as the death cross formation worsens, pushing prices lower. With short-term moving averages staying below longer-term ones, a swift recovery seems unlikely.
The SHIB burn rate skyrocketed by 27,660% in the past 24 hours, with 503,305,764 SHIB permanently removed from circulation, according to Shibburn. This dramatic increase was primarily driven by a single massive burn of 459,294,504 SHIB, with the remaining amount burned through smaller transactions.
Dogecoin (DOGE) has gained momentum alongside other meme coins as holders set sights on an upswing. The crypto market has suffered headwinds wiping off gains and forcing retail and institutional traders under sell pressures.
TL;DR New Testnet Launch: Ethereum devs have introduced the Hoodi testnet (March 17) to address bugs from earlier tests and finalize the Pectra upgrade. Upgrade Features: The Pectra upgrade combines over 10 EIPs from Prague and Electra proposals, enhancing wallet functionality and doubling data blob capacity.
Shiba Inu bulls have staged a mild comeback for the digital currency after more than a week-long SHIB sell-off. While still not out of the woods yet, the price of Shiba Inu was changing hands for $0.00000125, up by 2.87% in the past 24 hours, per CoinMarketCap data.
Bitcoin ETFs saw a net outflow of $143 million on Thursday, March 13, resuming their downward trend, while ether ETFs continued their decline with a $74 million outflow, marking seven consecutive days of losses.
A whale dumps all HYPE tokens, losing $1.8M, as another trader profits $16.39M on Hyperliquid with ETH and HYPE longs.
It is an argument that resurfaces time and again: why was Ethereum (ETH) allowed to evolve into what regulators now call a commodity, while XRP found itself in the crosshairs of the SEC?
Since President took the oath of office earlier this year, the administration has put in place efforts to reset the bilateral relations with Russia. Furthermore, the Kremlin has pressured the war in Ukraine to force the Western countries to lift their sanctions.
Popular blockchain tracker Shibburn has published a tweet, notifying the community about a mammoth amount of SHIB has been burned since last morning.
This week, we examine Ethereum, Ripple, Cardano, Solana, and Hyperliquid in greater detail. Ethereum (ETH) Ethereum fell by 13% this week after the price failed to hold above $2,000.
The Lazarus Group, a hacker collective affiliated with North Korea, continues its illegal activities by exploiting crypto. Recently, a transaction of 400 ETH, worth approximately 750,000 dollars, was identified on Tornado Cash, a platform known for anonymizing blockchain transactions.
The crypto market had a mixed day as price action varied across cryptocurrencies. Bitcoin (BTC) continues to struggle, briefly dipping below $80,000 before recovering and moving to its current level.
Technical analysis and on-chain data suggest Dogecoin may be poised for a major rally if it breaks above the 100-week SMA and maintains support at $0.16.
Ethereum has dropped 33% in three weeks to around $1,891, breaking key support levels while developers continue work on the Pectra upgrade amid growing competition.
Ethereum will launch the Hoodi testnet on March 17, addressing Pectra testing issues encountered on the Holesky and Sepolia testnets.
Dogecoin is clearly not in a great place due to the aggravation of the death cross on the market, which is slowly but surely going deeper, pushing the price deeper. Basically, with short-term moving averages staying below longer-term averages, the price of the asset is unlikely to recover in a quick fashion.
Ethereum's gas fees have dropped by 95% in the year following the Dencun upgrade, significantly reducing transaction costs.
Since the first week of December 2024, the Shibarmy has experienced a choppy market for Shiba Inu (SHIB) akin to Ethereum (ETH). The mid-cap dog-themed memecoin, with a fully diluted valuation of about $7.
Ethereum (ETH), the world's second-largest cryptocurrency by market capitalization, is experiencing a severe downturn, marking what could be its worst quarter in history.
Russian oil firms are using Bitcoin, Ethereum, and stablecoins to convert Chinese yuan and Indian rupees into roubles for trade as Western sanctions persist.
Multiple factors are in line with each other, reinforcing the "buy low" strategy. However, is now the right time to follow suit?
The crypto market is set to see $3.29 billion in Bitcoin and Ethereum options expire today, a development that could trigger short-term price volatility and impact traders' profitability.
As Bitcoin (BTC) price attempts to mirror gold's parabolic move, Ethereum (ETH) price has suffered a relentless bearish outlook. The large-cap altcoin, with a fully diluted valuation of about $228 billion and a 24-hour average trading volume of around $19 billion, has been trapped in a multi-week correction. Since the second inauguration of U.S.
Shiba Inu is not only seeing a decline in price, but also a falling Open Interest. A technical outlook reveals a potential reversal.
The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple is close to an end, with a settlement potentially coming soon, according to sources shared with Fox Business' Eleanor Terrett. Ripple's legal team is currently negotiating for better terms after a court ruling in August 2023.
Ethereum price started a recovery wave above the $1,820 zone. ETH is now consolidating and facing hurdles near the $1,950 resistance.
Ethereum developers are launching the Hooli testnet on Monday to conduct a final trial of the Pectra upgrade before its mainnet deployment. The decision follows two failed tests on Ethereums existing test networks, Sepolia and Holesky, where configuration errors disrupted testing.
Previous Pectra activations on the Holesky and Sepolia testnets ran into configuration issues, pushing back the official release schedule.
Ethereum core developers have decided to create a third testnet, Hoodi, to better prepare for the Pectra upgrade, which has now been delayed until at least late April after the first two testnets encountered several bugs.The Hoodi testnet will launch on March 17 and the Pectra upgrade for it will be activated on March 26, Ethereum Foundation developer Tim Beiko said following the Ethereum All Core Dev Call on March 13. If Pectra runs smoothly on Hoodi without major issues, core developers could set a mainnet launch date for Pectra as soon as 30 days after Hoodi's activation, Beiko said.
A death cross, a serious bearish signal that could threaten Dogecoin's price momentum, has officially formed. A prolonged period of downward pressure is frequently indicated by this technical pattern, which arises when the 50-day moving average crosses below the 200-day moving average.
A popular crypto analyst thinks Ethereum (ETH) will have to endure some “pain” before rebounding. In a new YouTube video, Benjamin Cowen tells his 886,000 subscribers that there probably needs to be a change in monetary policy in order for ETH's chart against Bitcoin (BTC) to bottom.
After months in decline, Dogecoin price could be leaving the bears in the dust as it has its eyes peeled on a fresh rally. Analysts are calling the bottom for the dog-themed coin amid chatter for an ETF approval by the SEC.
Dogecoin's price action has been under intense pressure after another support level at $0.175 failed to hold, leading to a decline toward a crucial zone. The latest daily candle closed with a lower wick after a rebound from the $0.
Two Ethereum (ETH)-based altcoins are skyrocketing after gaining support from the top US-based crypto exchange platform by volume. In new posts on the social media platform X, Coinbase is announcing the additions of the decentralized finance (DeFi) platform Maple Syrup (SYRUP) and artificial intelligence (AI)-based token Aethir (ATH) to its suite of digital asset products.
Dogecoin (DOGE) is facing a critical moment, having lost over 40% of its value since the start of March. The entire crypto market is under intense selling pressure, driven by macroeconomic uncertainty and heightened volatility.
The XRP community is anticipating the potential announcement of the settlement of the lawsuit filed by the US Securities and Exchange Commission (SEC) against Ripple Labs Inc. As the settlement negotiation progresses, new updates on the causes of delays have emerged. According to Fox Business Senior Correspondent Charles Gasparino, the Ethereum ICO might be a
The Department of Government Efficiency (DOGE) is reportedly proposing cutting the Internal Revenue Service's (IRS) workforce by 20% in a change expected to take effect by May 15, 2025.According to CNN, the cuts would impact an estimated 6,800 employees at the government agency, in addition to the 6,700 probationary employees who have already been let go and 4,700 IRS agents who were given severance packages to retire. However, a recent ruling from US district judge William Alsup ordering federal agencies to reinstate probationary workers terminated due to the DOGE cost-cutting programs could hinder the layoffs if the order is not overturned.
ETH has seen intense selling pressure in recent months, but despite the downtrend, the number of holders continues to rise.
Cryptocurrencies saw another day of bearish price action on Thursday, with only XRP displaying relative strength. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $80,353.45 -3% Ethereum (CRYPTO: ETH) $1,852.08 -1.5% Solana (CRYPTO: SOL) $121.79 -2.4% XRP (CRYPTO: XRP) $2.24 +0.4% Dogecoin (CRYPTO: DOGE) $0.1631 -3.7% Shiba Inu (CRYPTO: SHIB) $0.00001190 -2.9% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 10.7% and daily active addresses falling by 5%.
Ethereum (ETH) developers are set to launch Hoodi, a new long-lived testnet, on March 17 as they work to resolve ongoing challenges with the highly anticipated Pectra upgrade. The testnet will primarily focus on validator exit mechanisms, one of the final hurdles before Pectra can move forward.
Ethereum (ETH) price tumbled below $2,000 on Thursday as bulls failed to counter a wave of liquidations. This comes despite the latest US Producer Price Index (PPI) data confirming a continued slowdown in industrial inflation.
Shiba Inu (SHIB) price has gained attention recently, but it is struggling to maintain momentum. Currently, SHIB is hovering near the $0.000011 support level, showing difficulty in recovering.
Ethereum recorded 15% and 30% weekly and monthly price drops. Trading analysts forecast Ether could crash to much lower price ranges.
The prolonged legal battle between the SEC and Ripple Labs, initiated in December 2020 over the alleged $1.3 billion unregistered XRP (CRYPTO: XRP) sale, may soon conclude, according to a Fox Business report. A key point of contention in the negotiations is whether's XRP's utility and trading status align more closely with a commodity, similar to Ethereum (CRYPTO: ETH), rather than a security.
The market capitalization of the stablecoin segment has reached $236 billion, surpassing that of Ethereum.
Core developers hope the third attempt will clear the path for a major blockchain update by May.