Ethereum (ETH)
3 Altcoins to Sell As Fears of Bear Market Grip Crypto Market
Following ByBit’s $1.4B hack, the crypto market is experiencing significant corrections, reflecting a bearish momentum. As a result, investors are exploring potential bear market outlooks, especially since more than $500 million has been liquidated across the cryptocurrency market since February 21. Let’s uncover the top three altcoins to sell as bear market fears continue to escalate.
Altcoins to Sell: Ethereum (ETH)
Ethereum (ETH) experienced a notable pullback after hitting rejection at $2,750. The cryptocurrency market valuation dropped after Bybit suffered an extensive security breach which led to the loss of $1.44 billion worth of ETH.
The attacker successfully penetrated one of Bybit wallets to steal roughly $1.44 billion worth of assets based on the Ethereum platform. The ETH price is trading at $2,723, with a 4% decrease in the past 24 hours.
The declaration caused Ethereum’s market value to fall by 6% through negative market sentiment. The Bybit head of operations confirmed that the platform received bridge loans to fulfill the growing number of withdrawal requests. Ethereum stands among others for a possible crypto token to sell following increased market instability that suggests an upcoming bear market.
Raydium (RAY) Faces Strong Selling Pressure
Raydium price has dipped 30% after rumors of Pump.fun launching its own AMM. RAY price is currently trading at $3.08, with a strong decrease making it among the crypto to sell as fears of a bear market grip the crypto market. Raydium price is among the top losers in today’s market.
https://t.co/VQzC7YIgXV is testing its own AMM, $RAY plunged 23% today @pumpdotfun is exploring the development of its own AMM, which could compete with existing DEXs in the Solana ecosystem. Following this news, Raydium ( $RAY)—one of the largest DEXs on Solana—fell 23%… pic.twitter.com/TVthlGX2uC
— Followin (@followin_io) February 24, 2025
Raydium (RAY) experiences ongoing selling activity, which results in severe price reductions. The RAY price has been struggling to maintain support, with recent trading volumes indicating reduced demand.
Amid worsening market conditions, analysts predict further downside potential, making it a risky asset for traders. If the bears get more power, the RAY price could decrease to $2 mark. The Relative Strength index on the 4-hour chart is currently at 20, indicating selling pressure.
SPX6900
SPX6900 is another altcoin to sell that is under pressure after falling 6% in the past 24 hours. Currently, the crypto meme token trades at $0.6920. The SPX slipped below a critical support level, signaling potential further declines. Analysts warn that a drop below $0.58 could push the price toward $0.20.
The movement of market indicators shows decreasing strength because volatility increases as investors begin expressing negative attitudes toward the market.
The bearish outlook continues to grow because institutional investors are decreasing their investments. The rising pressure for sellers makes it unlikely for SPX6900 to bounce back in the upcoming period.
Bottom Line
The cryptocurrency market volatility increased after Bybit suffered a hack, and many investors faced liquidation losses, which resulted in stronger bearish expectations. Traders initiate increased sales of cryptos Ehereum, RAY, and SPX because they want to minimize their losses.
Frequently Asked Questions (FAQs)
Investors are seeking altcoins to sell due to increased market volatility, liquidation risks, and negative sentiment following events like Bybit’s $1.4 billion hack.
Ethereum faced a price drop after the Bybit hack and rejection at resistance levels, indicating potential further downside.
Raydium prices dropped due to persistent selling pressure, rumors of competitor launches, and low market demand.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
Ethereum price stole substantial investor attention this Saturday as it gained an upward trajectory, even briefly topping $2,000. Despite constant outflows in ETF ETFs over the past few days, this upswing has emerged, sparking market optimism over future price movements.
For context, Ether ETFs have recorded constant outflows on a daily basis, sparking market concerns globally. Although these outflows remained below the $20M mark each day, market watchers speculate over future aspects amid evolving market dynamics.
Ethereum Price Jumps Despite ETH ETF Outflows
ETH coin’s price witnessed a nearly 2% uptick in the past 24 hours and closed in at $1,995 as of press time. The crypto recovered from an intraday low of $1,937 and even hit a high of $2,005 briefly this Saturday.
This price upswing primarily caused a market stir, defying usual investor sentiments in light of constant outflows in ETF products. Sosovalue data indicated that Ethereum recorded $102.89 million in weekly outflows from March 14 to 21, a concerning factor for investors.
Of these outflows, $11.72 million, $12.41 million, and $18.63 million occurred on March 19, 20, and 21, respectively. Traders and investors speculate whether these outflows could top the $20 million mark ahead, which could bring potential heat to the price.
Ethereum price is up nearly 5% since it last recorded over $20 million in outflows in ETFs, which was on March 18. The asset’s price rose from the $1800 level to $1,985 since then to date. The rising action has ignited speculations of cooling ETF outflows ahead, further supported by other dynamics.
Is ETH Supply Shock Incoming?
Simultaneously, recent on-chain data has cemented a considerable bullish sentiment for the coin. Renowned market trader and analyst ‘Merlijn The Trader’ revealed that whales scooped up $236 million worth of ETH over the past 72 hours. The massive buying pressure paves an optimistic path for future price action, underlining the potential for an ETH bounce back to previous highs.
Simultaneously, market analyst Crypto Rover took to X, revealing that Ethereum reserves on exchanges hit an ATL. For context, drying up exchange reserves signals heightened withdrawing for a crypto and rising market interest. The data also indicates that a potential supply shock looms, which could further offer support to the price.
Despite constant ETF outflows, the abovementioned stats indicated that price gains await. Given this feat takes place, rising interest could also propel inflows in ETFs ahead.
Top Analyst Says 100% Pump For Ethereum Price Ahead
Also, market expert ‘Patron’ posted on X, revealing that ETH price claimed a vital support level near $1,978. A sustained break above this level, further escorted by the abovementioned bullish factors, could result in a potential 100% rally ahead. As per the analyst, the upcoming targets remain $2,296, $2,913, and $4,000, which is up nearly 100% from the current level.
However, it’s also worth taking into account that ETH’s fear and greed index stood at 37. This stat conversely signals that investors are cautious despite bullish dynamics, primarily due to macro trends and institutional interest decline. According to Ethereum price prediction, ETH could reach $2,100.57 by 2025.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
Despite the recent attempt by the bulls, Ethereum price has struggled to regain past $2,000 levels recently. Market analysts believe that there’s enough possibility that ETH could see another 50% drop to $1,000 as some early ETH whales resolve to heavy profit booking.
Ethereum Price Struggles to Regain $2,000
Amid the overall market uncertainty, Ethereum continues to face some selling pressure as bulls fail to regain control over $2,000 levels. Crypto analyst Ali Martinez has stated that investors should maintain caution before building fresh positions in ETH.
“Ethereum hits $2,000. Cool, but zoom out! The big picture is brewing something bigger,” Martinez stated. As per the below chart shared by Martinez, if bulls fail to hold the Ethereum price above $2,050, it risks further falling to the next support at $1,500, and even below all the way to $1,095 levels, per his recent ETH price prediction.
As of press time, the ETH price is trading 2.26% down at $1,973 with its daily trading volume dropping over 40% to $12.21 billion. Furthermore, the ETH futures open interest has also dropped 4% under $20 billion. A recent ETH price prediction also hints that the crypto will hover near $2K for some time ahead.
Early ETH Whale Sells 34,125 Coins
Blockchain analytics platform SpotonChain reported that a major ETH whale appears to have secured a massive profit of $65.66 million, marking a staggering 4,156% return on investment. The whale’s holdings date back to March 2017 when they acquired the ETH from platforms like Changelly, Bitfinex, ShapeShift, and Binance at an average cost of just $46.3 per token.
The whale, identified as “0x086,” deposited its entire ETH holdings of 34,125 ETH to crypto exchange Coinbase a few hours ago. This transaction happened at an average Ethereum price of $1,970.
Currently, the ETH whale activity remains mixed as some big players are moving it from exchange and moving it to staking to earn the extra yield. These are specifically the long-term ETH holders holding with diamond hands.
BlackRock Explains Why Ethereum ETFs Are Struggling
Despite Ethereum price eyeing a relief rally past $2,000, there’s no major relief for spot Ethereum ETFs. The outflows have continued through March 2025 so far, highlighting a major drop in institutional sentiment.
While speaking at the Digital Asset Summit (DAS) in New York City, BlackRock’s head of digital assets Robbie Mitchnick explained the real reason behind this fall. Mitchnick suggested that the ETFs could have performed better if they had included staking, noting that the absence of this feature made the launch “less perfect.”
“A staking yield is a meaningful part of how you can generate investment return in this space. And all the [Ether] ETFs, of course, at launch did not have staking,” he said.
On Thursday, crypto asset manager Bitwise filed a proposal to introduce staking on Ethereum ETFs. The New York Stock Exchange (NYSE) has proposed amendments to allow the listing and trading of shares for the Bitwise Ethereum ETF, incorporating staking capabilities.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
The crypto market today (March 15) showcased notable rising trajectories, igniting investor optimism globally. Bitcoin (BTC) price regained a break above $84K intraday, while Ethereum (ETH), Solana (SOL), and XRP prices also pumped considerably. Simultaneously, meme coins witnessed remarkable intraday gains, in sync with today’s broader market trend. Besides, Kaspa (KAS) emerged as the day’s top gainer, leading the market’s price gains.
Crypto Market Today: BTC, ETH, XRP, SOL Prices Pump Sparking Optimism
The global crypto market cap gained nearly 3% in the past 24 hours, reaching $2.75 trillion. Further, liquidations across the sector was down 23% from yesterday, at $160.75 million (Coinglass data). As a result, crypto prices have prevented a downturn, embarking on a rising action as of early Asian hours on Saturday.
BTC Price Taps $85K Sparking Crypto Market Recovery Hope
As of press time, BTC price witnessed gains worth 3% intraday and exchanged hands at $84,433. The flagship coin’s bottom and peak over the day were recorded as $81,771.76 and $85,263.29, respectively. Bitcoin’s market dominance was up by 0.11% over the past day, reaching 60.88%. Overall, the flagship coin appears to be outperforming altcoins this Saturday, recovering after dealing with massive macro heat.
ETH Price Jumps 2%
ETH price gained nearly 2% in the past 24 hours and exchanged hands at $1,919. The coin bottomed and peaked at $1,883.69 and $1,945.09 intraday. Ethereum’s market dominance rested at 8.4% this Saturday, signaling an undermining performance in the alts sector. The second-largest crypto’s trading volume was also down by 35% to $11.58 billion today.
XRP Price Soars
XRP price witnessed a 6% uptick in the past 24 hours and exchanged hands at $2.43. The coin’s intraday low and peak were $2.28 and $2.44, respectively. Ripple’s native coin enjoys a bullish action amid soaring odds of an XRP ETF approval shortly ahead. On the other hand, CoinGape reported that Ripple minted 6.5 million RLUSD, adding a layer of intrigue to the coin’s price movements.
SOL Price Shoots Up 8%
SOL price witnessed a remarkable 8% increase intraday and closed in at $135. The coin hit a low and a high of $124.48 and $135.64 in the past 24 hours. Solana’s trading volume was also up by 15% to $3.17 billion. The coin sees price gains in sync with the broader trend.
Meme Crypto Market Today
Simultaneously, meme coins also witnessed considerable gains this Saturday, further solidifying investor optimism. Dogecoin (DOGE) price gained nearly 2% intraday and exchanged hands at $0.1729. Shiba Inu (SHIB) price soared over 3% intraday to reach $0.00001276. Even Pepe Coin (PEPE) price gushed over 3%, resting at $0.000007133.
Top Crypto Market Gainers Today
Kaspa (KAS)
Price: $0.08113
24-Hour Gains: +14%
Hyperliquid (HYPE)
Price: $14.23
24-Hour Gains: +11%
OKB (OKB)
Price: $46.25
24-Hour Gains: +10%
Top Crypto Market Losers Today
Pi (PI)
Price: $1.47
24-Hour Loss: -10%
Celestia (TIA)
Price: $3.51
24-Hour Loss: -3%
TRON (TRX)
Price: $0.2229
24-Hour Loss: -1%
Overall, traders and investors currently reflect an optimistic sentiment amid prices recovering from previous slumps. On the other hand, VanEck filed for an Avalanche ETF recently, adding to recent pro-crypto advancements across the globe.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
XRP Price Reversal Toward $3.5 In The Works With Short And Long-Term Targets Revealed
Former New York governor advised OKX over $505M federal probe: Report
First Digital USD (FDUSD) Depegs After Justin Sun Alleges Firm Is ‘Insolvent’ and Not Fulfilling Redemptions
Gen Z’s Bitcoin Bet, The Largest Wealth Transfer In History?
Trump’s Crypto Conflicts Dominate Stablecoin Legislation Debate
First Digital denies allegations, threatens legal action
Crypto Firm Galaxy Secures UK FCA Approval for License to Expand Derivatives Trading
Why Is The Bitcoin Price Surging Today?
Cardano Founder Reveals What Will Onboard 3 Billion New Users Into Crypto
Sentient open-source AI search outperforms GPT-4o and Perplexity
Memecoin Collapse Creates Perfect Moment for TradFi To Launch ‘Trusted Assets,’ According to Chris Burniske
Breez Announces Launch Of New Wallet, Misty Breez
Alabama, Minnesota Advance Bitcoin Reserve Plans With Companion Bills
Bitfarms secures $300m loan to fuel AI and data center growth
Crypto Hackers Stole $1.67B in Q1, a 300% Rise From Previous Quarter: CertiK
24/7 Cryptocurrency News5 months agoArthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025
Bitcoin3 months agoExpert Sees Bitcoin Dipping To $50K While Bullish Signs Persist
24/7 Cryptocurrency News3 months agoAptos Leverages Chainlink To Enhance Scalability and Data Access
Bitcoin5 months agoBitcoin Could Rally to $80,000 on the Eve of US Elections
Altcoins2 months agoSonic Now ‘Golden Standard’ of Layer-2s After Scaling Transactions to 16,000+ per Second, Says Andre Cronje
Opinion5 months agoCrypto’s Big Trump Gamble Is Risky
Bitcoin5 months agoInstitutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
Price analysis5 months agoRipple-SEC Case Ends, But These 3 Rivals Could Jump 500x
✓ Share: