As the Bitcoin 2025 conference unfolds in Las Vegas, New York City Mayor Eric Adams has announced that the city will issue Bitcoin-backed financial instruments. Specifically, Adams says he will do everything in his power to launch BitBonds in New York, cementing the city’s place in the global financial renaissance. New York Targets BitBonds To Attract Investors NYC Mayor Eric Adams says the city will be the first to launch Bitcoin-backed municipal bonds for investors. Adams unveiled the plans in a keynote address at the Bitcoin 2025 summit, sharing plans for a wave of financial instruments backed by Bitcoin. Dubbed BitBonds, the NYC mayor says the incoming financial instrument will cater to a growing investor demographic in the city. Adams confirmed that BitBonds will become the go-to financial tool for Bitcoin holders in New York City. HUGE BREAKING: NEW YORK CITY MAYOR SAYS HE WILL BE THE 1st CITY IN… Read More at Coingape.com
Ethereum price dived below $2,000 on March 9, mirroring the broader market downtrend. Institutional investors are offloading ETH, increasing downside risks.
Ethereum Price Dives Below $2,000 as US NFP Tilts Markets Bearish
Ethereum (ETH) experienced significant losses over the weekend as the highly anticipated White House Summit failed to lift market sentiment. Instead, the latest US Non-Farm Payroll (NFP) report dominated investor outlook, highlighting rising unemployment and increasing inflation pressures.
As a result, ETH price tumbled below the psychological $2,000 level, trading as low as $1,998 on Binance on March 9, marking an 8% daily decline. The drop exceeded Bitcoin’s 4% losses within the same timeframe, signaling stronger bearish momentum within ETH spot markets.
Ethereum Price Action
The selling pressure has been exacerbated by mounting fears of further Federal Reserve tightening in response to rising inflation metrics. With investors now eyeing the next Consumer Price Index (CPI) report, ETH price could struggle to gain meaningful traction unless macroeconomic conditions shift favorably.
BlackRock ETF Led Outflows with $11 Million Sell-off After US NFP Data
Amid rising unemployment and inflation triggers, institutional investors are reallocating capital away from crypto markets toward fixed-income securities, driving bond yields higher across global markets. This shift in investor sentiment has translated into substantial outflows from Ethereum ETFs.
According to on-chain analytics provider SosoValue, Ethereum ETFs recorded $23 million in outflows on Friday, the same day the US NFP report was released. Among the largest liquidations, BlackRock’s iShares Ethereum ETF saw an $11 million capital flight, the highest single-day outflow among Ethereum-focused funds.
The rapid outflows in Ethereum ETFs suggest that institutional investors are repositioning their portfolios in anticipation of further downside in crypto markets. If Ethereum ETF outflows continue into the coming week, ETH price could struggle to mount a sustained recovery.
Ethereum price forecast signals have taken a decisive bearish turn, with ETH plunging 8.3% on March 9 to test support near $2,000. The daily chart reveals a concerning technical setup, as ETH struggles below key moving averages, with a confirmed Death Cross between short-term EMAs signaling prolonged downside risks.
If Ethereum closes below the critical $2,000 level, selling pressure could accelerate, targeting the next major support at $1,850, where historical demand has previously stabilized declines.
Ethereum Price Forecast | ETHUSD
The Bollinger Bands show ETH trading at the lower band, suggesting it is in oversold territory. However, the absence of a significant bullish reaction underscores weak buying momentum. The MACD histogram remains in deep negative territory, with its signal line widening against the MACD line—affirming that bearish momentum is strengthening rather than reversing. While a relief bounce cannot be ruled out, any recovery toward $2,250 or $2,433 would likely face intense resistance as sidelined sellers look to re-enter.
The heightened leverage in derivatives markets could amplify price swings. If ETH loses $2,000 decisively, long liquidations may accelerate a cascade effect, making $1,850 the next crucial test for bulls. Conversely, a close above $2,200 could shift sentiment toward a bullish retracement.
Ethereum Price Outlook: Key Levels to Watch This Week
For Ethereum to break its bearish grip, ETF inflows must show signs of stabilization, particularly from major asset managers like BlackRock. If institutional demand returns, ETH could attempt to reclaim the $2,100 level and challenge the $2,250 resistance zone.
On the flip side, if macroeconomic headwinds persist and ETF outflows accelerate, Ethereum risks dropping below $1,950, potentially testing lower support at $1,850. With US CPI data and Federal Reserve commentary on the horizon, traders should remain cautious, as Ethereum’s price action could see heightened volatility in response to broader market shifts.
Overall, Ethereum remains vulnerable to further downside unless it reclaims key resistance levels and sees a resurgence in institutional demand.
XRP, one of the most talked-about altcoins in crypto history, may finally be catching the attention of some seasoned traders, even those who’ve never touched it before. Prominent crypto analyst VirtualBacon, just shared that he might finally buy XRP, but only if a few key signs play out.
So, what’s making him consider XRP now, after all these years?
Watching the XRP/BTC Ratio
VirtualBacon isn’t basing his decision on XRP’s dollar price. Instead, he’s watching how it performs against Bitcoin (XRP/BTC). Further he points out that the XRP/BTC chart has been showing weakness since 2017, forming a long downtrend.
But recently, something interesting has developed, the chart is showing signs of a rounded top with strong support at 0.000022 BTC.
If this level breaks and XRP drops another 20–23%, he believes it will enter the “value zone,” between 0.000017 and 0.000019 BTC.
That’s where he plans to buy, around the $1.80 price level.
VirtualBacon’s Trade Plan
According to VirtualBacon, this is the cleanest XRP setup he’s seen in two years. His plan looks like this:
Wait for XRP/BTC to drop 20–22%
Enter around the $1.80 price zone
Watch for a breakout in the BTC ratio
Likely timeframe: next 3 to 6 months
He’s not rushing in. Instead, he’s preparing in advance, ready to act when the signal is clear.
Why XRP Could Revive Other Coin
This trade isn’t only about making gains. VirtualBacon believes a breakout for XRP could revive other older coins that have been forgotten in recent years like Cardano, Stellar, HBAR, Algorand, and XDC.
Unlike Ethereum and Solana, which have gained strong reputations with institutions and retail respectively, XRP has always stood out for one reason, mass recognition.
With its legal battle nearly over, ETF talks underway, and market positioning improving, XRP may be setting up for more than just a pump, it could be staging a comeback.
The post XRP’s “Big Signal” Is Coming — Top Trader Is Finally Preparing to Buy appeared first on Coinpedia Fintech News
XRP, one of the most talked-about altcoins in crypto history, may finally be catching the attention of some seasoned traders, even those who’ve never touched it before. Prominent crypto analyst VirtualBacon, just shared that he might finally buy XRP, but only if a few key signs play out. So, what’s making him consider XRP now, …
