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The crypto market tumbled as Trump reaffirmed tariffs on Mexico and Canada, sparking investor anxiety, with Bitcoin slipping below $92,000. The post Bitcoin, Ethereum Tumble With $900M in Crypto Liquidations on Tariff Worries appeared first on Cryptonews.
The crypto market tumbled as Trump reaffirmed tariffs on Mexico and Canada, sparking investor anxiety, with Bitcoin slipping below $92,000. The post Bitcoin, Ethereum Tumble With $1.34B in Crypto Liquidations on Tariff Worries appeared first on Cryptonews.
The crypto markets are witnessing massive sell-offs, which have dragged the major cryptos below their pivotal support levels. Bitcoin dropped below $94,000 initially and later formed the bottom below $92,000 and interestingly, it does not appear to halt the ongoing bearish trend.
The crypto space has plunged over 5% overnight, owing to the recently announced tariff plan and massive liquidations. This resulted in the business losing over $110 billion. With this, the market is now valued at just above the $3 Trillion mark.
On-chain analyst EmberCN revealed that the Bybit exchange hacker has laundered 89,500 ETH in the past two and a half days. According to the firm, the hacker has laundered nearly $224 million, which was 18% of the total Ethereum he stole (499,000ETH).
Ethereum's retail investors are increasingly betting against the altcoin despite a bullish crossover confirmation.
Ethereums highly anticipated Pectra upgrade launched on the Holesky testnet but failed to finalize as expected. Activated at 21:55 UTC, the upgrade encountered an unexpected issue, leading developers to investigate via the Eth RD Discord channel.
Ethereum saw a sharp decline on Monday, dropping 10.9% to $2,512.20 by 18:00 (23:00 GMT) on the Investing.com Index. This marked its biggest single-day loss since February 24, pushing its market cap down to $311.85 billion, accounting for 10.25% of the total crypto market.
Ripple CTO David Schwartz has weighed in on the ongoing debate about Bitcoin (BTC), Ethereum (ETH), and the XRP Ledger (XRPL), emphasizing XRPLs technical advantages. Responding to an X users comparison of transaction models, Schwartz stated that while Bitcoin dominates due to brand recognition rather than technical superiority, XRPL offers clear benefits over Bitcoin.
Despite the planned launch, the Pectra upgrade on Holesky testnet has encountered problems as the network has not finalized since activation.
Developers say the bug was isolated to execution clients, highlighting Ethereum's testnet role in catching issues before mainnet launch.
Ethereum price started a fresh decline from the $2,850 resistance zone. ETH is down over 10% and is struggling to stay above the $2,500 level.
After the significant Ethereum (ETH) theft from Bybit on February 21, 2025, the exchange has seen a notable recovery in its reserves, surpassing 200,000 ETH by February 23. This rebound marks a positive shift following the sharp decline in reserves immediately after the hack, but uncertainty remains as the market sentiment is mixed.
In an X post published today, crypto market analyst and commentator Ali Martinez highlighted a crucial Ethereum (ETH) price level that must hold to sustain hopes for an altseason. Martinez warned that losing this support could significantly derail any potential altcoin rally.
The cryptocurrency market, rocked by a high-profile hack Friday morning, continued to be in hangover mode as the work week started. On Monday, a vast number of digital coins and tokens continued to lose value, some even at double-digit percentage rates.
With its price hovering just above a crucial support level, XRP is at a turning point. At $2.49, the asset has dropped 4.13% over the past day and broken through the rising trendline that has served as the basis for its bullish structure.
The Ethereum (ETH) price dumped 8% on Monday as the market continued to digest the fallout in wake of the near-$1.5 billion Bybit hack, but despite the downbeat price action, various experts remains highly bullish on Ethereum's long-term outlook. The post Ethereum Price Dumps 8%, But Presents Excellent Risk Reward – Big Bounce Coming? appeared first on Cryptonews.
Ethereum (ETH) has fallen more than 8% in the last 24 hours and over 22% in the past 30 days, reflecting a bearish market sentiment. The price was already in decline before the Bybit hack, which further impacted market sentiment.
The upgrade was pushed out on Monday, but it wasn't entirely clear why the test network was not finalizing.
Crypto prices are falling, as Bitcoin and Ethereum lead $686 million worth of liquidations and Solana and Dogecoin show double-digit losses.
The long-awaited Pectra upgrade on the Ethereum network is now live on the Holesky testnet. The upgrade, designed to enhance the scalability of the protocol, comes with a number of minor issues amid the testnet launch.
Ethereum (ETH) price is yet to clear the bearish aftermath of the exploit on the Bybit Exchange from last week. A coin that had the prospect of crossing the $4,000 range earlier this month is now battling major support zones as the selloff continues.
Sony, Coinbase, Kraken and Sam Altman's World are all building on Optimism's OP Stack.
