XRP (XRP) has dropped nearly 40% to around $2.19, two months after hitting a multi-year high of $3.40. The cryptocurrency is tracking a broader market sell-off driven by President Donald Trump’s trade war despite bullish news like the SEC dropping its case against Ripple. XRP/USD daily price chart. Source: TradingView However, XRP is still up 350% from its November 2024 low of $0.50, suggesting a consolidation phase after a strong rally. This sideways action has sparked discussions over whether it’s […]
Bitcoin (BTC) price has declined by more than 6.5% over the last two days after rallying to $88,000 at the beginning of the week. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin dropped from a high of $87,500 on March 28 to an intra-day low of $81,900 on March 29. BTC/USD daily chart. Source: Cointelegraph/TradingView Bitcoin’s price drop coincides with a marketwide drawdown fueled by uncertainties over Trump’s trade tariffs and poor economic data. The […]
Ether (ETH) price fell 9.3% between March 26 and March 28, testing the $1,860 level for the first time in two weeks. This correction led to over $114 million in liquidations of leveraged ETH futures and caused the premium relative to the regular spot market to drop to its lowest level in over a year. Some traders have said that the rock-bottom ETH futures premium is a bottom signal, but let’s dig deeper into the data to see if this […]
Ethereum’s native token, Ether (ETH) has lost almost half its value two months after Eric Trump, son of US President Donald Trump, told his 5.7 million followers that it was a “great time” to add the biggest altcoin to their portfolios. Source: X/Eric Trump President Trump spoils son’s bullish ETH outlook As of March 31, Ether was trading for as low as $1,820, down approximately 40% since Eric Trump’s bullish tweet. ETH/USD daily price chart. Source: TradingView Meanwhile, Ether’s crypto […]
Cardano’s (ADA) price continued its downtrend on March 31, down 4.5% over the last 24 hours to trade at $0.6529. The altcoin is down 10% over the last seven days and 45% from the March 2 high of $1.19. ADA/USD daily chart. Source: Cointelegraph/TradingView Several factors are behind Cardano’s underperformance, including: Decreasing network activity and declining total value locked. Negative funding rates. A weakening technical structure. Weakening onchain Cardano activity The bearishness in ADA price today is preceded by reduced […]
Bitcoin (BTC) bulls are trying to start a recovery but selling at higher levels continues to disarm each attack of the range highs. Veteran trader Peter Brandt said in a post on X that Bitcoin has broken down from a bear wedge pattern, giving it a target objective of $65,635. The current macroeconomic environment and the fears of a prolonged trade war have created a 40% possibility of a recession in 2025, according to Coin Bureau founder Nic Puckrin. Puckrin […]
April 2 is shaping up to be a pivotal moment in global trade policy. US President Donald Trump has dubbed it “Liberation Day,” in reference to when new tariffs—exceeding 20%—will hit imports from over 25 countries. According to The Wall Street Journal, the administration is also weighing “broader and higher tariffs” beyond this initial wave, meaning that April 2nd is unlikely to be the end of economic uncertainty. Markets reacted negatively over the past week, with the S&P 500 dropping […]
Dogecoin (DOGE) is underperforming most of the cryptocurrency market today, having fallen over 4% in the last 24 hours to trade at $0.163. DOGE/USD daily price chart. Source: Cointelegraph/TradingView Key takeaways: Dogecoin price lost 20% between March 27 and March 31. DOGE drops after Elon Musk said the US government has no plans to use Dogecoin. DOGE’s recent downturn mirrors the continued panic across the memecoin sector. Price chart technicals hint at more losses ahead. DOGE falls alongside other memecoins […]
Bitcoin (BTC) price has been oscillating inside the $82,400-85,300 range since March 14 as breakouts in both directions have been short-lived, as shown below. BTC/USD four-hour price chart. Source: TradingView Key factors behind Bitcoin’s flat price action include: Unpredictable US economic policies. Lack of fresh capital entering the market. Technical setups. Trade war fears offset pro-Bitcoin news Bitcoin’s price is stuck as bullish and bearish headlines are clashing, creating bias conflicts that keep traders guessing and BTC range-bound. The bullish […]
Ether (ETH) price dropped 6% between March 19 and March 21 after failing to break the $2,050 resistance level. More notably, ETH has fallen 28% since Feb. 21, underperforming the broader crypto market, which declined 14% over the same period. Despite ETH’s price struggles, Ether futures open interest hit a record high on March 21. This has led traders to question whether large investors are positioning for a potential rally toward $2,400 while also raising concerns about the risks of […]