The US Securities and Exchange Commission (SEC) has delayed its decision on the spot Solana ETF applications from 21Shares and Bitwise. The delay is part of the uncertainty surrounding the broader crypto ecosystem’s ETF pursuits from asset managers. According to an update from the markets regulator, it is “instituting proceedings” for the two firms’ filings starting today. US SEC and Solana ETF Bid Many asset managers have filed for a Solana ETF, with the Bitwise filing lodged on January 28 with the BZX Exchange. After the SEC acknowledged the product, it initiated the first delay for the asset on March 11. 21Shares was one of the first in the industry to file for a Solana ETF in the United States. Despite running spot Bitcoin and Ethereum ETF products, the firm has yet to secure approval for the current Solana fund. As part of the newly opened proceedings, the regulator said… Read More at Coingape.com
XRP price rebounds above $2 as BTC and ETH see $50M in liquidations, but derivatives trading metrics suggest weekend volume weakness may pressure altcoins lower.
Ripple (XRP) price holds $2 support as altcoins mirror Bitcoin’s resilience to Trade War Triggers
Ripple (XRP) price initially plunged to 30-day lows around $1.80 with hours after Trump announced sweeping tariffs during the liberation speech on Friday.
However, the momentum swung positive in recent days as BTC holds firm above $82,000 after China retaliatory 34% tariffs on Thursday, reinforcing investor confidence in the crypto markets as a crisis resistant asset class.
Ripple (XRP) price action, April 5 | Source: TradingView
Ripple price rebounded 12.5% since Thursday, rising as as $2.15 at press time according to CoinMarketCap data.
As seen above, Ripple price continues to consolidate well-above the $2 mark, mirroring the likes of ETH, BTC and SOL, which have also defended key psychological support levels around $1,800, $80,000 and $110 respectively over the past week.
Derivative Market Analysis: Crypto Buying Pressure Could Slow Down this Weekend
With top-ranked crypto assets including XRP all consolidating around key psychological price points this weekend, it signal market-wide buying support, amid capital inflows from investors exiting stocks amid US trade war tensions.
However, considering that US markets are now closed, the volume of transitional capital flows could slow down significant until pre-market trading begin.
Validating this stance, Coinglass derivatives market data shows evidence of short-term bearish trading signals.
Crypto Derivatives Markets Analysis, BTC, ETH see combined losses of $50M, April 5. | Source: Coinglass
Derivatives data from Coinglass reinforces this stance. Over the past 24 hours, crypto markets saw a total of $110.65 million in liquidations, with long positions accounting for $85.10 million—over 76% of the total.
Bitcoin and Ethereum alone alone recorded nearly $50 million combined, with BTC traders booking $36.32 million in liquidations, followed by Ethereum at $13.61 million.
The bearish imbalance, especially the outsized long wipeouts in the last 12 hours ($67.11M longs vs $13.48M shorts), points to a rising number of over-leveraged bullish positions being flushed out.
This suggests short-term exhaustion in buying momentum, increasing the likelihood of a minor pullback or sideways action through the weekend.
With high leverage being unwound and external demand on pause, weekend trading may turn defensive with XRP markets and other prominent altcoins.
Strategic altcoin traders woould watch for support retests, especially if funding rates begin to flip or volume declines further ahead of Monday’s open.
As the week closes on April 5, XRP price forecast charts on TradingView reflect signs of short-term exhaustion following its rebound to $2.15.
Despite five consecutive green candles, XRP price remains below the 50-day EMA at $2.21 and the 100-day EMA at $2.28. This reflects supply-side pressure still outweighing momentum, even as bulls attempt a recovery from March’s lows.
XRP Price Forecast
Notably, the 200-day EMA near $1.95 is acting as a key anchor. A breach below this could trigger stop runs and reopen downside risk toward $1.80.
True Strength Index (TSI) remains in bearish territory at -0.80, yet is flattening, hinting that the selling momentum is decelerating. Volume has weakened across recent sessions, confirming the rally lacks conviction. A clear break above $2.22 would be required to invalidate near-term bearish bias.
Until that happens, XRP remains vulnerable to weekend drawdowns. Bulls must defend $1.95 or risk deeper losses into next week’s open. A close below $2.00 would reassert sellers’ control short-term.
Mutuum Finance (MUTM) is catching the attention of investors after a strong 33% price surge in its presale. With its decentralized lending model and real-world financial applications, this under-$0.10 crypto is proving to be more than just another token launch. As the presale moves forward, investors are taking note of its growing momentum, seeing it as a project with both immediate potential and long-term sustainability.
Unlike speculative tokens that rely on market hype, MUTM offers a structured DeFi ecosystem where users can lend, borrow, and earn passive income. The rapid sellout of its presale phases, combined with its upcoming exchange listing, has fueled bullish sentiment among investors. With interest continuing to grow, many are now wondering if this is the best time to secure a position before the next price jump.
Mutuum Finance (MUTM)
Mutuum Finance (MUTM) has been gaining significant traction as its presale progresses rapidly. With over 5,050 holders and $3 million already raised, the project is drawing attention from investors looking for early opportunities in DeFi. As the presale moves into its next phase, the token price has surged by 33%, rising from $0.015 to $0.02, reinforcing strong demand. Those who secured their positions early are already seeing gains, while new investors are taking notice before the next price increase.
What sets Mutuum Finance apart is its focus on real-world financial utility. Unlike purely speculative assets, MUTM is designed to support decentralized lending, allowing users to supply and borrow assets without relying on intermediaries. The platform provides two lending models: Peer-to-Contract (P2C), where users earn yield by supplying liquidity, and Peer-to-Peer (P2P), which enables direct lending agreements between users, including for riskier assets like SHIB and PEPE. Every transaction is executed through a smart contract, ensuring security and transparency, with an audit planned by a well-known blockchain security firm.
Another key component driving investor confidence is Mutuum Finance’s buy-and-distribute mechanism. This model ensures consistent buy pressure by using a portion of platform revenue to purchase MUTM from the market. These tokens are then distributed to mtToken stakers, reducing sell pressure while rewarding long-term holders. This built-in demand mechanism is expected to contribute to sustained price growth beyond the presale phase.
With its strong financial model and practical utility, Mutuum Finance is positioned for long-term growth. Unlike hype-driven tokens, its lending protocol and buy-and-distribute mechanism create sustained demand, making it an attractive option for investors looking for more than short-term gains.
Given its expanding ecosystem and increasing adoption, experts predict that MUTM could reach $1 by Q2 2025, fueled by platform utility, growing user participation, and continued interest from major investors. As the project advances, its structured approach to decentralized lending is expected to solidify its place among the top DeFi tokens.
Beyond its lending protocol, the Mutuum Finance team is also developing an overcollateralized stablecoin, designed to provide users with a secure, decentralized alternative to traditional stable assets. Unlike centralized options, this stablecoin will be backed entirely by on-chain collateral, ensuring transparency and stability.
Mutuum Finance is further fueling investor interest with a $100,000 giveaway, rewarding early supporters and building strong community engagement. This initiative offers participants a chance to secure additional MUTM tokens ahead of the exchange listing. Full details and entry requirements can be found on the official Mutuum Finance website.
With exchange listings on the horizon and a beta version of the platform launching alongside the token’s debut, Mutuum Finance is shaping up to be a strong contender in the DeFi space. As the presale continues to attract both retail and institutional investors, the project’s momentum suggests that those getting in now could be well-positioned for future gains.
For more information about Mutuum Finance (MUTM) visit the links below:
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Mutuum Finance (MUTM) is catching the attention of investors after a strong 33% price surge in its presale. With its decentralized lending model and real-world financial applications, this under-$0.10 crypto is proving to be more than just another token launch. As the presale moves forward, investors are taking note of its growing momentum, seeing it …
Ethereum has recently shown an attempt to recover from the significant losses it sustained toward the end of March. The altcoin, often considered the leader in the smart contract space, is currently trading at $1,774.
While this reflects an effort to regain momentum, Ethereum’s recovery might be hindered by short-term holders (STHs) looking to capitalize on any immediate profits.
Ethereum Investors Are Prone To Selling
Ethereum’s network value and user activity are showing signs of a possible recovery, but its current market sentiment remains under pressure. The Net Unrealized Profit/Loss (NUPL) indicator, which gauges the overall profit or loss of coins in circulation, has entered a phase of capitulation.
Despite the uptick in Ethereum’s price, the underlying sentiment remains cautious. The increase in the NUPL could quickly reverse if short-term holders (STHs) decide to liquidate their positions.
Ethereum’s recovery hinges on investor confidence, with those holding onto their assets being the key to avoiding another sell-off. If more STHs choose to HODL instead of selling, Ethereum could see sustained upward momentum in the coming weeks.
On a broader scale, Ethereum’s macro momentum presents mixed signals. The Market Value to Realized Value (MVRV) Long/Short Difference indicator is currently deeply negative at -30%. This suggests that the market may face additional resistance in its recovery efforts.
The indicator highlights the disconnect between long-term and short-term holders, with the latter showing profits at a two-year high. The last time this occurred was in January 2023, when Ethereum experienced significant sell-offs, pushing the price lower.
The presence of STHs in a profitable position increases the likelihood of further selling pressure on Ethereum. As these investors are more likely to liquidate at the first sign of profits, the recovery could face challenges.
Ethereum’s price could struggle to maintain upward momentum, especially if short-term holders capitalize on their gains, pushing the altcoin back into a downtrend.
Ethereum’s price has risen by 11% in the past week, currently trading at $1,774. It is now testing the resistance at $1,796, and breaching this level is crucial for Ethereum to continue its recovery toward the $2,000 mark. A successful breakout above this resistance would signal a continuation of the recovery trend, pushing Ethereum closer to its previous high.
However, considering the market sentiment and the current indicators, Ethereum’s chances of reaching $2,000 in the short term seem unlikely. Ethereum is at risk of falling below the $1,671 support, which could trigger a deeper pullback to $1,522. This bearish outlook suggests that the recovery may be short-lived unless strong buying support materializes.
If the broader market conditions remain strong, Ethereum could manage to breach the $1,796 resistance and even push past $1,906. A move above these levels would set Ethereum on track to reach $2,000, invalidating the bearish outlook and signaling a more sustainable recovery for the altcoin.
