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.
The cryptocurrency market has been shaken by fear, uncertainty, and doubt (FUD) following the Bybit hack, triggering increased volatility. This uncertainty has impacted investor sentiment, with digital asset investment products recording $508 million in net outflows, primarily from Bitcoin.
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.
Traders said the current bearish sentiment could be overblown and macroeconomic decisions were key to support market growth.
Trading activity weakened as turnover plunged amidst broader market uncertainty and cautious sentiment.
Despite the planned launch, the Pectra upgrade on Holesky testnet has encountered problems as the network has not finalized since activation.
XRP price started a fresh decline below the $2.550 and $2.50 support levels. The price is now testing $2.250 and might continue to move down.
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.
XRP could drop by 13% to reach the $2.10 level if it closes a four-hour candle below the $2.50 mark.
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.
SEC drops Robinhood probe, signaling a crypto policy shift. Will this impact XRP's legal battle and ETF approval prospects?
XRP, the cryptocurrency associated with Ripple Labs, has encountered significant challenges in recent days, with the token unable to maintain its vital support level at $2.50. Amidst a broader downturn in the cryptocurrency market, XRP has adopted a bearish trajectory.
Widely followed crypto strategist Michaël van de Poppe believes that one Ethereum (ETH) rival is in a position to ignite a real bullish phase. Van de Poppe tells his 776,000 followers on the social media platform X that the layer-1 protocol Near (NEAR) appears to be carving a cycle bottom.
On-chain data shows the activity on the Dogecoin network has witnessed a notable drop recently. Here's what this could mean for DOGE's price.
In a Friday meeting with the SEC's crypto task force, industry leaders asked the regulator to fast-track all sorts of assets for ETF approval.
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.
XRP price prediction: Ripple price is in freefall as the crypto market crashes — how low can it go? Will XRP price reach $1?
Bitcoin and most altcoins crashed on Tuesday morning, continuing a trend that has been going on in the past few months. BTC crashed to $91,000 for the first time since February 3rd and 15% below its highest level this year. Other altcoins were also in the red.
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.
The Dogecoin price could be getting ready for a fresh bullish wave as a crypto analyst projects a surge to new all-time highs. The analyst cites past performances as a reason for this bullish projection, highlighting the Dogecoin price action from previous bull cycles.
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.
Crypto asset management firm CoinShares says institutional whales pulled hundreds of millions of dollars out of crypto investment vehicles last week. According to CoinShares' latest Digital Asset Fund Flows Weekly Report, last month's US presidential inauguration had a negative impact on investor sentiment last week.
Sony, Coinbase, Kraken and Sam Altman's World are all building on Optimism's OP Stack.
One altcoin trader says Ethereum's long-term chart looks “insanely bullish” with a very favorable risk-reward ratio.
Crypto markets are under pressure on monday as Bitcoin struggles to reclaim $96,000. Sentiment remains weak amid recent hacks and ETF outflows.
Hedera (CRYPTO: HBAR) has seen a 35% decline this past month, but the approval process for a spot HBAR ETF has triggered renewed interest among traders. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Hedera (CRYPTO: HBAR) $0.2139 $8.96 billion +1.8% +1.3% XRP (CRYPTO: XRP) $2.44 $141.4 billion -4.3% -7.4% Cardano (CRYPTO: ADA) $0.7253 $25.5 billion -5.2% -8.6% Trader Notes: Crypto trader Javon Marks sees HBAR's first breakout target at $0.504, a 128% increase from current levels.
Ethereum's price has been showing significant growth recently, even as market sentiment remains uncertain. While the broader cryptocurrency market remains volatile, Ethereum has managed to stand out, maintaining a strong foothold above $2,700.
Bybit's Ethereum Reserves rebound past 200K ETH post-hack, signaling recovery. Netflow stabilizes, but market sentiment remains mixed.
A federal judge has temporarily barred the Department of Education and the Office of Personnel Management (OPM) from sharing sensitive personal information with the Department of Government Efficiency (DOGE). The ruling was made due to concerns that the data-sharing arrangement violated federal privacy laws.
Already in 2018, XRP (CRYPTO: XRP) had a prominent advocate: actor Ashton Kutcher . What Happened: In 2018, Hollywood actor Ashton Kutcher introduced XRP to mainstream audiences by donating $4 million worth of XRP through the XRP payment app to The Ellen DeGeneres Wildlife Fund live on her talk show.
Ether price is down nearly 6% even though Bybit has been buying in bulk. Cointelegraph explains why.
Dogecoin (DOGE) whales are turning to Mutuum Finance (MUTM), a DeFi project offering real utility. Priced at just $0.015 in its presale, MUTM has already sold 140 million tokens, attracting over 2,600 investors. With its decentralized lending platform and passive income opportunities, analysts see strong growth potential.
In the past few days, the overall cryptocurrency market has experienced a notable price drop, shifting market sentiment. Amid this, XRP, the native token of Ripple Labs, failed to hold its crucial support level at the $2.50 mark and is now poised for a significant decline.
Derivatives traders brace for further ether downside in the wake of the Bybit hack, which resulted in $1.5 billion worth of ETH being stolen.
Crypto's largest hack ever could paint a silver lining for Ethereum's price as Bybit inches toward recovery, Bitfinex analysts wrote.
The world of crypto is an arena where every major incident reshapes market dynamics. Indeed, the colossal hack of $1.4 billion suffered by Bybit, one of the largest centralized exchanges, raises an important question: Can Ether still surpass $3,000 despite this shock?
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Priced at $2.59, Ripple (XRP) is currently on a rebound, eyeing the $3 mark in the next 7 days. However, another crypto, Mutuum Finance (MUTM), is stealing the spotlight. Currently in presale, this fast-rising altcoin has already raised over $1.1 million, with phase 2 underway at $0.015.
Ethereum's price experienced a negative reaction to the hack. At the time of writing, ETH was trading at $2,705, reflecting a 3.49% decline on the day.