A cryptocurrency trader has made nearly $16 million in unrealized profits by leveraging a 50x short position on Ethereum.
Buying the dip after a massive liquidation flush and higher demand for stablecoin could fuel growth in bitcoin and the broader crypto market, some say.
Ether's DVOL spiked above 100% during Asian hours as the crashing price saw traders chase put options.
Renowned economist Peter Schiff commented on Bitcoin's (CRYPTO: BTC) market slump on Sunday, drawing an unusual analogy with “soothsayer” groundhog “Punxsutawney Phil's” prolonged winter prediction. What Happened: Schiff took to X to point out the large drop in the value of Bitcoin and Ethereum (CRYPTO: ETH), the two biggest cryptocurrencies by market capitalization.
Ethereum's price dropped 20% to $2,500 following Trump's trade tariff announcement, triggering massive liquidations while some analysts and whales view the dip as a buying opportunity.
Ethereum Classic (ETC) is beginning to attract more attention from investors. Rising trading volume and increased investor interest have positioned ETC as a potential alternative to Ethereum (ETH), which has been facing mounting challenges recently.
Ethereum's price plunges over 20%, falling below key support levels, sparking bearish sentiment among investors.
In response to President Donald Trump's recent tariff declarations targeting Canada, Mexico, and China, the worldwide economy has been disturbed by fears of increasing trade conflicts. This chaos has spread into the cryptocurrency markets, where major cryptocurrencies like Bitcoin and Ethereum have seen considerable declines.
The crypto industry has been reacting to the short-term market uncertainty induced by tariff wars, which were kickstarted by US President Donald Trump against major global economies.
Monochrome has registered its Bitcoin and Ethereum ETFs in Singapore, targeting accredited investors, and aims to expand regionally by 2025.
On-chain data reveals two Ethereum wallets, inactive for six years, suddenly moved millions to Bitfinex—just before prices took a nosedive.
Over 730,000 traders faced liquidations as Ether led the market plunge. Analysts compared the impact with the FTX collapse and COVID-19 crash.
The DeepSeek shock waves had just settled across the markets; Trump's tariff war caused havoc within the crypto space.
Ethereum has been on a downward trend for nearly six weeks, falling below the $4,000 mark on Dec. 16, 2024.
Ethereum has suffered a sharp decline, plunging nearly 20% in the last 24 hours and currently trading around $2,500.
The cryptocurrency market has currently drifted into the severe red zone and There's been a significant drop in altcoins, especially with Ethereum, XRP, ADA and others seeing massive liquidations in minutes. A staggering $2 billion worth of liquidations have happened within 24 hours.
Ethereum's price has been in a downward spiral for several weeks, with the digital asset continuing to face challenges as it struggles to maintain above key support levels. As the market turns bearish, many traders are predicting Ethereum's value could drop below the $3,000 mark.
According to analytics platform Lookonchain, a dormant Ethereum whale recently woke up from hibernation after six months of inactivity.
A project that describes itself as an onchain MicroStrategy for Ethereum blamed a UI fault that caused users to send 165 ETH to the wrong address, while El Salvador has a new disappearing Satoshi Nakomoto statue.
Ethereum (ETH) experienced a sharp sell-off over the weekend and has dropped below the $3,000 psychological level. This collapse has triggered $613 million in liquidations in the past 30 hours.
Bitcoin and Ethereum plummeted after Trump's tariff shock, sparking over $2.21B in liquidations. BTC nears key support at $93.8K, while ETH holds strong above 2,150.
Ethereum (ETH) has been showing signs of a potential breakout, with some analysts predicting a price surge of up to 200%. Despite a relatively quiet performance in recent months, technical indicators and market behavior are starting to align with patterns seen before previous rallies.
Ether, Cardano, Avalanche, XRP, Chainlink and Dogecoin all dropped over 20% over the past 23 hours after US President Donald Trump imposed his first round of tariffs.
The cryptocurrency market, led by Ethereum (ETH) and Bitcoin (BTC), shed more than $500 billion in net valuation since Friday to hover about $3.16 trillion on Monday, February 3, during the early Asian session. Following the heavy deleveraging in the crypto market, more than $2.
Singapore is opening its doors to Australian crypto ETFs as institutions eye a regulated entry into a turbulent crypto market.
Trump's new tariffs prompted crypto investors to cut risk, causing Ether to plunge 26% and Bitcoin to fall sharply below $100,000. The post Trump Tariffs Stir Crypto Sell-Off With Ether Tumbling Over 26% appeared first on Cryptonews.
ETH is showing technical patterns that could lead to a 200% price surge as historical cycles align.
Ether got wrecked. The second-biggest crypto by market cap plunged 26.53% on Monday in Asia, falling to $2,135, according to Bloomberg data.
The global crypto market witnessed turmoil as the week kicked off, primarily in the wake of U.S. President Donald Trump's new tariffs rattling broader markets. Bitcoin (BTC) price crashed as low as the $91K level on Monday, whereas altcoin prices dipped in sync.
Ethereum remains the top choice for developers followed by Solana and Base, as per OKX's latest report.
Ethereum price started a fresh decline below the $3,000 zone. ETH is down over 25% and the bears seem to be in control below $2,770.
Ethereum (ETH) has recently made notable moves in the market, recording a 1.86% increase in price over the past day. While the altcoin has experienced a downward trend since December 2024, including some significant losses following its peak at the $4,000 mark, underlying market activity suggests a potential shift in momentum.
XRP fell 10.40% on Sunday, trading at $2.6573 by 12:25 (17:25 GMT) on the Investing.com Index. This marked its steepest one-day drop since December 9, 2024.
Ethereum tumbled 10.07% to $2,933.47 on Sunday, marking its biggest single-day loss since August 5, 2024. The sharp drop reduced its market cap to $354.13 billion, accounting for 18.59% of the total cryptocurrency market.
XRP closed below the 26 EMA, a crucial support level in robust uptrends, for the first time this year. This break indicates a possible change in momentum and a rise in bearish pressure.
Amid the notable price decline across the cryptocurrency market, Ethereum (ETH) has been making waves as it has gained significant attention from crypto investors. The major on-chain analytics firm Coinglass revealed that whales, investors, and long-term holders have been accumulating the token.
Ethereum's daily RSI concurred with the bearish structure with a reading below 50. What does this mean for ETH?
Ethereum's recent struggle to break back above $4,000 has left many wondering what it will take for the second-largest cryptocurrency by market cap to reclaim its former highs. After a significant downtrend since mid-December 2024, Ether (ETH) is currently trading just above $3,200, showing a decline of over 20%.
Union Bank of Switzerland (UBS), the largest bank in Switzerland, is testing a tokenized gold product on Ethereum (ETH) layer-2 scaling solution ZKsync (ZK).
The crypto market just took a massive hit! Bitcoin broke below $100K, Ethereum tumbled under $3K, and XRP got crushed by more than 15%.
Ethereum (ETH) is drastically down to $3000, and despite that, some traders are still managing to profit from this downward trend. This is the case for a savvy investor, who has made nearly 16 million dollars in gains by betting against the crypto!
Solana (SOL) is experiencing a wave of bullish momentum, currently priced around $230. After a brief market correction, the cryptocurrency appears poised for a potential breakout, with many traders eyeing a $300 price target.
Vitalik Buterin dismissed calls to allocate 10% of portfolios to Bitcoin and reaffirmed his commitment to Ethereum over diversification.
Ethereum whale secures $16.8M profit with a 50x short position ahead of ETH's 5% drop. February's historical 17.13% average return hints at possible ETH rebound.
January has proven to be a captivating period for many crypto assets, with bitcoin (BTC) managing a 2.3% rise against the U.S. dollar since the onset of 2025. However, several other digital currencies recorded quadruple and triple-digit gains, while numerous coins experienced losses ranging from 55% to nearly 80% over the past month.
With rising trading volume and increasing investor confidence, ETC is positioning itself as a potential alternative to ETH.
Dom Kwok, a former Goldman Sachs analyst and co-founder of Easy, has shared an optimistic outlook, noting there is a “high chance” that XRP could soon surpass Ethereum to become the second-largest cryptocurrency by market cap.