Author: Monicah W

Ethereum on the Verge of Crash, $1,000 Calling?

Monicah W

Why Ethereum is Crashing Today

The post Ethereum on the Verge of Crash, $1,000 Calling? appeared first on Coinpedia Fintech News

In the ongoing tariff war between the United States and other countries, the cryptocurrency market has significantly plummeted. Amid this, Ethereum (ETH), the second-largest cryptocurrency, is on the verge of a major crash.

According to CoinMarketCap data, ETH has lost almost 25% of its value in just five trading days and has reached a make-or-break level.

Ethereum (ETH) Price Action and Technical Analysis

While examining the weekly chart of ETH, it appears that the asset has recently lost its long-held support from the ascending trendline that had been in place since July 2022.

Source: Trading View

Following the breakdown, the asset has been steadily falling, during which it has lost two key support levels at $2,200 and $1,830, and has now reached another critical support level at $1,530.

Ethereum Price Prediction 

According to expert technical analysis, if this downside momentum does not stop, the price could crash hard.

The daily chart reveals that if the ETH price fails to hold this support level and closes a daily candle below $1,450, there is a strong possibility it could drop by another 30% to reach its next support level at $1,000 in the near future.

Source: Trading View

Following the continuous price decline, ETH is now trading below the Exponential Moving Average (EMA) on the four-hour, daily, and weekly timeframes, indicating a strong bearish trend.

Current Price Momentum 

At press time, ETH is trading near $1,550 and has lost nearly 10.50% of its price over the past 24 hours. However, during the same period, the asset’s trading volume jumped by a record 550%, indicating heightened participation from traders and investors compared to the previous days. 

$200 Million Worth of Bullish Bet

This record surge in trading volume includes the liquidation of traders’ short and long positions, recent investor accumulation or sell-offs, and all other ETH-based trading activity.

Despite the massive price crash over the past 24 hours, traders seem optimistic and are strongly betting on the bullish side, according to on-chain analytics firm Coinglass.

Source: Coinglass

Data reveals that traders are currently over-leveraged at the $1,526 support level, having built $201 million worth of long positions. On the other hand, $1,571 is another over-leveraged level, where traders have built $100 million worth of short positions.

While examining these levels and traders’ positions, it appears that the bulls are currently dominating and could potentially liquidate $100 million worth of short positions. However, if the market sentiment continues to remain unchanged, it could also lead to the liquidation of traders’ long positions.

The post Ethereum on the Verge of Crash, $1,000 Calling? appeared first on Coinpedia Fintech News
In the ongoing tariff war between the United States and other countries, the cryptocurrency market has significantly plummeted. Amid this, Ethereum (ETH), the second-largest cryptocurrency, is on the verge of a major crash. According to CoinMarketCap data, ETH has lost almost 25% of its value in just five trading days and has reached a make-or-break …

Solana Activity Plunges as SOL Drops Below $100 for the First Time in a Year: What’s Next for SOL Price?

Monicah W

Solana Faces Major Whale Sell-Off as FTX Sells $1B SOL – Midterm Price Outlook

The post Solana Activity Plunges as SOL Drops Below $100 for the First Time in a Year: What’s Next for SOL Price? appeared first on Coinpedia Fintech News

President Donald Trump’s recent decision to impose 25% tariffs on imports from Canada and Mexico, along with increasing tariffs on China to 20%, has led to threats of retaliation. These trade wars have caused billions of dollars in liquidation in the crypto market, sending leading altcoins like Solana to their yearly lowest prices. As a result, important on-chain metrics have sharply declined, increasing the likelihood that Solana’s price may remain stuck below the $100 mark.

Solana’s Active Address Count Declines

Solana’s price is facing a critical moment after falling below the important $100 support level, marking its lowest level since February 2024.

According to data from Coinglass, there have been significant liquidations of Solana positions in the past 24 hours, totaling about $86.3 million. Out of this, buyers liquidated $67.2 million in long positions, while sellers closed $19.1 million in short positions.

Adding to this selling pressure, more than $50 million worth of SOL tokens are scheduled to unlock this week. Meanwhile, the overall altcoin market is experiencing high fear levels, with the crypto fear and greed index now at 22.

On-chain activity has also been dropping recently. The number of active addresses on Solana decreased from a peak of 3.52 million to 2.99 million last week. Additionally, new addresses on the network fell from 3.51 million to 2.78 million. This decline in activity suggests weakening demand and interest, indicating sellers currently have the advantage.

Also read: Solana Back Above $100 as Bulls Gain Control—Will SOL Price Reclaim $110?

Aside from the recent sharp decline in Solana’s price, the protocol has also lost its position as the top decentralized exchange (DEX), falling behind Ethereum. This could negatively impact sentiment. However, there are positive moves worth noting, which might meet SOL buyers’ expectations.

One important factor is the push for a Solana ETF in the United States. Although the chances of approval aren’t as strong as those for Litecoin or Dogecoin ETFs, if approved, a Solana ETF would attract long-term support to the ecosystem.

What’s Next for SOL Price?

Solana (SOL) is currently facing a strong downward pressure as its price dropped sharply after failing to hold at $118. The price initially dropped below the crucial $100 level to form a low near $95. However, it later triggered a rebound and surged above $100. As of writing, SOL price trades at $106, declining over 1.53% in the last 24 hours.

Interestingly, buyers have shown interest to accumulate more SOL around the dip below $100, resulting in the recent rebound.

The Relative Strength Index (RSI) is at 39, indicating that the bearish momentum is strong. If buyers manage to rally and push the price up towards the crucial resistance of $110, SOL could potentially reach a resistance zone at $135-$160. Breaking past this point might restore market confidence and possibly lead to a rise towards $180.

Conversely, if SOL fails to stay above the $110 level, it could face a stronger decline, possibly falling to an important support level at around $100. A drop below this could trigger further losses, sending Solana below $80. 

The post Solana Activity Plunges as SOL Drops Below $100 for the First Time in a Year: What’s Next for SOL Price? appeared first on Coinpedia Fintech News
President Donald Trump’s recent decision to impose 25% tariffs on imports from Canada and Mexico, along with increasing tariffs on China to 20%, has led to threats of retaliation. These trade wars have caused billions of dollars in liquidation in the crypto market, sending leading altcoins like Solana to their yearly lowest prices. As a …

XRP Price 35% Crash Still in Play? Bears Have Eyes on $1.20

Monicah W

Why XRP Price is Going Down Today?

The post XRP Price 35% Crash Still in Play? Bears Have Eyes on $1.20 appeared first on Coinpedia Fintech News

In this ongoing market crash, XRP, Ripple Labs’ native token, is poised for a massive price decline despite its recent price recovery. Today, April 7, 2025, the overall crypto market has witnessed a significant downward rally, but it now appears to be recovering. However, some see this as a potential pullback before an upcoming price crash.

XRP Technical Analysis and Upcoming Level 

According to expert technical analysis, XRP appears to be continuing its downward momentum. The daily chart reveals that XRP is currently retesting its recent breakdown of the key support level at $1.95.

Source: Trading View

In addition to the support breakdown, XRP has also breached the neckline of a bearish head and shoulders price action pattern and has closed a daily candle below the 200 Exponential Moving Average (EMA). This is the first time XRP has fallen below its 200 EMA, which now shifts it into a strongly bearish asset.

Based on the recent price action and historical momentum, the candle closing below the key level has opened the path for a massive price crash, as the next support is not nearby.

Source: Trading View

According to CoinPedia’s price analysis, if XRP fails to reclaim the $1.95 level, there is a strong possibility it could drop by 39% to reach the next support at the $1.20 level in the future.

Current Price Momentum 

At press time, XRP is trading near $1.88 and has recorded a price decline of over 6.50% in the past 24 hours. Meanwhile, amid the price drop, the asset also hit a low of $1.64. This significant downside move and increased price volatility have attracted notable interest from traders and investors, resulting in a 420% surge in trading volume.

$35.40 Million Worth of Bullish Bet

However, looking at the ongoing price recovery, trader sentiment seems to be shifting as they are strongly betting on the bullish side, according to the on-chain analytics firm Coinglass.

Data reveals that traders are currently over-leveraged at $1.833 on the lower side (support) and have built $35.40 million worth of long positions. On the other hand, $1.932 is another over-leveraged level on the upper side (resistance), where traders have built $11.80 million worth of short positions.

Source: Coinglass

The on-chain data indicates that the bulls are back, as the price appears to be retesting its breakdown level.

The post XRP Price 35% Crash Still in Play? Bears Have Eyes on $1.20 appeared first on Coinpedia Fintech News
In this ongoing market crash, XRP, Ripple Labs’ native token, is poised for a massive price decline despite its recent price recovery. Today, April 7, 2025, the overall crypto market has witnessed a significant downward rally, but it now appears to be recovering. However, some see this as a potential pullback before an upcoming price …

Solana (SOL) to $77 or What? Bulls and Bears Face Off

Monicah W

Bearish Clouds Hover Over the Solana (SOL) Price Rally Despite a Rebound—Here’s Why!

The post Solana (SOL) to $77 or What? Bulls and Bears Face Off appeared first on Coinpedia Fintech News

Solana (SOL), the world’s sixth-largest cryptocurrency by market cap, is gaining massive attention from Binance traders. Recently, data from the on-chain analytics firm Coinglass revealed that 79% of top traders on Binance are going long on SOL, despite the bearish market sentiment.

Source: Coinglass

Solana (SOL) Price Action and Upcoming Levels 

According to expert technical analysis, SOL appears bearish despite the ongoing price recovery. On April 6, 2025, SOL broke down from its prolonged key support level of $115 and also closed a daily candle below that level, a level it had held since March 2024.

Source: Trading View

This breakdown has pushed SOL into an extremely bearish phase. However, the ongoing price recovery appears to be a retest of the breakdown level.

Based on the recent price action and historical momentum, if SOL remains below the $115 level, there is a strong possibility it could decline by 30% and reach the $77 level in the near future.

Source: Trading View

This bearish outlook is strongly supported by momentum indicators such as the Relative Strength Index (RSI) and the 200-day Exponential Moving Average (EMA) on the daily time frame.

Current Price Momentum

As of writing, SOL was trading near $107 and had registered a price drop of over 1% in the past 24 hours. Meanwhile, the asset showed a strong recovery, having hit a low of $95.6 during the Asian market session. Amid this significant price fluctuation and market volatility, SOL’s trading volume has skyrocketed by 185% during the same period.

$140 Million Worth of SOL Outflow

While examining the on-chain metrics, it appears that whales, investors, and long-term holders have seized the opportunity to accumulate SOL at the current price level, according to the on-chain analytics firm Coinglass.

Source: Coinglass

Data from spot inflow/outflow reveals that exchanges have seen an outflow of approximately $140 million worth of SOL over the past 24 hours. This substantial outflow suggests potential accumulation and could lead to buying pressure.

However, due to the prevailing bearish sentiment, a strong upside rally may be difficult to achieve.

The post Solana (SOL) to $77 or What? Bulls and Bears Face Off appeared first on Coinpedia Fintech News
Solana (SOL), the world’s sixth-largest cryptocurrency by market cap, is gaining massive attention from Binance traders. Recently, data from the on-chain analytics firm Coinglass revealed that 79% of top traders on Binance are going long on SOL, despite the bearish market sentiment. Source: Coinglass Solana (SOL) Price Action and Upcoming Levels  According to expert technical …

News

OM Price Remains Positive as MANTRA Announces $108 Million RWA Fund

Monicah W

MANTRA is planning to launch a $108,888,888 Ecosystem Fund to drive RWA innovation over the next four years and help accelerate projects in MANTRA’s blockchain ecosystem.

MANTRA’s native token OM has shown significant resilience in the current market downturn. OM is currently the only altcoin among the top 30 tokens to have posted positive gains over the past 24 hours. 

MANTRA’s RWA Ecosystem Fund

MANTRA, a Layer-1 blockchain for asset tokenization, is heavily invested in the RWA market. Since its mainnet launch in 2024, it has carried out major partnerships and planned to tokenize huge volumes of assets.

Today, it announced the launch of a $108,888,888 Ecosystem Fund to propel RWA innovation in its blockchain ecosystem.

“In an era where blockchain technology is revolutionizing finance, the MEF will serve as a catalyst for groundbreaking projects that drive real-world adoption through a focus upon the tokenization of real world assets. We are opening doors for visionary founders and teams to join us in building and creating a thriving ecosystem,” claimed John Patrick Mullin, founder and CEO.

Mullin delivered these comments in an exclusive press release shared with BeInCrypto. MANTRA plans to deploy this fund over the next four years, working with “a strong network of partners and investors” to maximize RWA growth.

The firm also claimed that its new license approvals in Dubai will allow it to facilitate advanced financial services.

MANTRA successfully obtained a Virtual Asset Service Provider (VASP) license, which will allow it to act as a crypto exchange and offer broker-dealer, management, and Investment Services. With these tools, the network can direct RWA investment.

Since the RWA Fund announcement, the OM token has actually performed quite well today. Given the wide-scale liquidations across the crypto market due to Trump’s tariff threats, OM has gained over 2% in the past 24 hours.

In fact, MANTRA’s native token is the only cryptocurrency among the top 30 to have any positive gains. It’s also among the top 5 highest gainers in the market today.

mantra (OM) price chart
MANTRA (OM) Daily Price Chart. Source: BeInCrypto

Overall, investors seem extremely confident in MATRA’s growth and the network’s continuous development. The project’s latest investment fund reflects its commitment to influencing positive developments in the RWA ecosystem.

Meanwhile, the find will likely encourage more RWA projects to launch or shift to the network, increasing MANTRA’s utility. According to DefiLlama, the network only has $4.2 million in total value locked (TVL).

With this fund, the project’s main goal will be to improve participation and long-term engagement on the blockchain.

The post OM Price Remains Positive as MANTRA Announces $108 Million RWA Fund appeared first on BeInCrypto.

News

What Crypto Whales Are Buying After the Black Monday Crash

Monicah W

Crypto whales are making quiet moves in Ethereum (ETH) and Optimism (OP), while accumulation remains stagnant—or even negative—across most other major coins. Between April 4 and 6, both ETH and OP saw a notable increase in large wallet holders despite a harsh market correction.

This behavior often signals early confidence from institutional players, hinting at potential reversals ahead. With ETH nearing $1,400 and OP trading at three-year lows, the next few days could be pivotal if whale accumulation translates into renewed bullish momentum.

Ethereum (ETH)

Between April 5 and April 6, crypto whales accumulated ETH. The number of Ethereum whale wallets—those holding between 1,000 and 10,000 ETH—increased from 5,340 to 5,388, signaling a quiet accumulation phase during the broader market correction.

Tracking these large holders is crucial, as their behavior often precedes major market moves; when whales accumulate, it can indicate growing confidence in the asset’s long-term value and hint at a potential trend reversal.

Number of Addresses Holding Between 1,000 and 10,000 ETH.
Number of Addresses Holding Between 1,000 and 10,000 ETH. Source: Santiment.

If Ethereum’s current downtrend continues, ETH price could break below $1,400 for the first time since January 2023, opening the door to deeper losses.

However, the recent uptick in whale activity suggests some optimism beneath the surface. If momentum shifts and ETH manages to reclaim $1,748, it could rise further toward $1,938 and, with a strong enough rally, even retest the $2,000 mark—restoring a key psychological and technical level for bulls.

Optimism (OP)

The number of Optimism whale wallets—holding between 10,000 and 1,000,000 OP—rose from 4,138 on April 4 to 4,151 on April 6, suggesting that large holders are accumulating despite the ongoing market correction.

This increase in whale activity may indicate long-term confidence in the project, even as the broader market faces heavy selling pressure.

In periods of uncertainty like now, such accumulation can be an early sign of a potential price reversal, as institutional or high-net-worth investors often act ahead of retail sentiment.

Number of Addresses Holding Between 10,000 and 1,000,000 OP.
Number of Addresses Holding Between 10,000 and 1,000,000 OP. Source: Santiment.

Currently trading near its lowest levels in nearly three years, OP is under significant downward pressure. If the correction persists, the token could break below the $0.50 support level.

However, if the recent whale accumulation reflects a shift in momentum, OP could rebound to test resistance at $0.65.

A breakout from that level may open the path toward $0.77 and, in a stronger recovery, even retest $0.84.

The post What Crypto Whales Are Buying After the Black Monday Crash appeared first on BeInCrypto.

News

XRP Eyes Rebound After Hitting Oversold Levels

Monicah W

XRP is down over 5% in the past 24 hours but is currently attempting a rebound, trying to push above the $2 level. After touching deeply oversold RSI levels earlier today, the token is showing early signs of recovery amid shifting macro headlines.

Despite a bearish setup on the Ichimoku Cloud, a short-term bounce is not off the table if momentum builds. However, strong resistance zones remain overhead, and whether XRP can sustain this rebound will depend on both technical breakouts and broader market sentiment.

XRP RSI Is Going Up After Touching Oversold Levels

XRP’s Relative Strength Index (RSI) is currently sitting at 44.24, bouncing back after briefly plunging to 17.80 earlier today—its lowest level in weeks, with its price rebounding after news about Trump considering a 90-day pause in tariffs for all countries except China.

Just a day ago, the RSI was at 46.97, reflecting the sharp volatility XRP has experienced during the recent market sell-off. The RSI is a momentum indicator that ranges from 0 to 100, typically used to identify whether an asset is overbought (above 70) or oversold (below 30).

XRP RSI.
XRP RSI. Source: TradingView.

An RSI reading of 44.24 places XRP in neutral territory, suggesting that the selling pressure may be easing, but momentum remains weak. Importantly, XRP hasn’t crossed into overbought territory for nearly three weeks, signaling a lack of sustained bullish momentum.

If the RSI continues to climb and breaks above 50, it could indicate growing strength and potential price recovery. However, if it stalls or turns lower, XRP may continue to struggle for direction in the short term.

XRP Ichimoku Cloud Shows a Bearish Setup, But A Recovery Could Be On The Horizon

The Ichimoku Cloud chart for XRP shows a bearish structure. The price is trading well below the Kumo (cloud), indicating strong downward momentum.

Both the Tenkan-sen (blue line) and Kijun-sen (red line) are sloping down and currently positioned above the price, acting as dynamic resistance levels.

The cloud ahead is red and wide, suggesting continued bearish pressure and little immediate sign of a trend reversal.

XRP Ichimoku Cloud.
XRP Ichimoku Cloud. Source: TradingView.

However, the recent bullish candle pushing toward the Tenkan-sen hints at a possible short-term bounce or relief rally.

For a true trend shift, XRP would need to break above both the Tenkan-sen and Kijun-sen and eventually enter or surpass the cloud—a scenario that remains distant given the current formation.

Overall, the Ichimoku setup reinforces the broader weakness, with any upside likely facing strong resistance from the cloud and key lines.

Could XRP Break Above $2.20 Soon?

XRP price recently broke below the $1.80 mark for the first time since November 2024, reflecting heavy market pressure and a sharp sell-off. However, the asset has shown signs of recovery in the past few hours, attempting to regain momentum.

If this rebound gains strength, XRP could push toward resistance at $2.02, and a successful breakout may open the path to higher levels around $2.23.

XRP Price Analysis.
XRP Price Analysis. Source: TradingView.

On the flip side, if XRP fails to sustain its current recovery, the price could drop back below $1.80 and revisit support near $1.61.

A breakdown from that level would increase bearish pressure, potentially dragging the price down toward the $1.50 zone.

The post XRP Eyes Rebound After Hitting Oversold Levels appeared first on BeInCrypto.

News

Can the Federal Reserve’s Interest Rate Cuts Revive Crypto Markets?

Monicah W

The Federal Reserve is having a closed-door meeting today to discuss potentially cutting interest rates. This would help crypto in a few ways, spurring risky investments and possibly even weakening the dollar.

Fed Chair Jerome Powell has been hesitant to cut rates, but he is under a lot of pressure. BlackRock’s CEO Larry Fink is currently pessimistic about rate cuts, claiming that they may even increase this year.

Will the Fed Consider Rate Cuts?

Trump’s tariff threats have the entire market in freefall, as billions have been liquidated from crypto and TradFi alike. The rumor of a 90-day pause on tariffs caused a dramatic rally earlier today.

Soon after, the White House denied the rumors, resulting in a crash. However, the Federal Reserve is having a closed-door meeting today, and it may plan to cut interest rates:

“A closed meeting of the Board of Governors of the Federal Reserve System at will be held 11:30 am on Monday, April 7, 2025. The following matters of official Board business are tentatively scheduled to be considered at that meeting: review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks,” the Fed’s website read.

There are many reasons why the Federal Reserve could cut interest rates. High rates make fixed-income investments more attractive, drawing capital away from riskier assets like stocks and cryptocurrencies, while low rates make these assets more attractive.

Rate cuts have often corresponded with market rallies, especially with ZIRP after the 2008 crash.

Now that most of the market is predicting a recession, the Federal Reserve could cause a rally with these rate cuts. The crypto market recently hoped for rate cuts, which the FOMC quickly rejected.

Fed Chair Jerome Powell initially signaled that he was reluctant to cut rates at this moment, but pressure has been building for him to do so. Unfortunately, that may not matter yet.

Larry Fink, BlackRock’s pro-crypto CEO, has been very pessimistic about possible cuts. In a recent televised interview, he claimed that most CEOs believe the US is already in a recession and that the country is currently not a “global stabilizer” in the markets.

Under these conditions, he stated that there’s a 0% chance of 4 to 5 rate cuts and that rates may even increase.

Are Interest Rate Cuts Always Bullish for Crypto?

When the Federal Reserve cuts interest rates, it isn’t a bullish signal across the board. They also tend to weaken the US dollar as its yield advantage diminishes relative to other currencies.

This would also be good for crypto, considering its use as a store of value, but the Fed isn’t particularly interested in that. The industry won’t be the deciding factor either way.

Still, other commentators have been highly skeptical of Fink’s claim. Powell is under a lot of pressure to cut rates, so raising them would buck market expectations. Investors are betting on multiple rate cuts, and these hypothetical cuts may be priced to a certain extent.

fed interest rate cut projection 2025
Fed Interest Rate Cut Projection 2025. Source: CME FedWatch

Looking back at previous cycles, periods of rate cuts have often coincided with market rallies. For instance, during the post-2008 recovery, rate cuts revived equity and emerging asset classes.

Overall, lower rates typically mean easier access to credit, leading to more liquidity in the market. This extra liquidity can help drive up demand for riskier assets, including cryptocurrencies.

So, If the FOMC signals a shift toward lower interest rates, this could boost overall market confidence. As traditional markets begin to stabilize and recover, crypto markets might experience a rebound.

Investor sentiment, already shaken by the recent sell-offs and heightened volatility, could turn more optimistic with the prospect of easing monetary conditions.

Most importantly, institutional investors, who have been cautious during the current volatile period, may adjust their strategies in a lower-rate environment.

With lower fixed-income yields, portfolio managers could increase their allocation to alternative assets, including cryptocurrencies, to achieve higher returns. This influx of institutional capital could lend credibility to the crypto market and help drive a recovery.

The post Can the Federal Reserve’s Interest Rate Cuts Revive Crypto Markets? appeared first on BeInCrypto.

News

Top 3 Made In USA Coins For The Second Week of April

Monicah W

Solana (SOL), EOS, and Jupiter (JUP) are three Made in USA coins making headlines this week with sharply different trajectories. Solana has dropped below $100 amid market volatility and tariff-driven uncertainty.

EOS is up nearly 15% over the past seven days, standing out as one of the few large-cap gainers. Jupiter remains the top crypto aggregator by volume, even as its price hovers near all-time lows.

Solana (SOL)

Solana has dropped over 10% in the past 24 hours, briefly dipping below the $100 mark earlier today.

The sharp decline reflects broader weakness across the crypto market, with SOL struggling to maintain key psychological support levels amid volatility caused by Trump’s tariffs.

Over the past week, SOL has lost more than 18% of its value and was recently overtaken by Ethereum in decentralized exchange (DEX) volume—a space where it had led for months.

SOL Price Analysis.
SOL Price Analysis. Source: TradingView.

If bearish momentum continues, SOL could retest the $95 support level, with a break below opening the door to further downside toward $90.

However, if the trend reverses, the token could push toward resistance at $112, and a decisive breakout there might see it rally to $124 or even $136 on strong bullish momentum, making Solana recover its position as one of the most important made in USA coins.

EOS

While most major cryptocurrencies have struggled, EOS stands out as one of the few Made in USA coins posting gains this week, climbing nearly 15% over the past seven days.

Its market cap has now approached $1.1 billion, putting it in close range of notable players like Maker, Story, Optimism, and Arbitrum.

EOS Price Analysis.
EOS Price Analysis. Source: TradingView.

If this upward momentum holds despite the broader market correction, EOS could push higher to test resistance around $0.88, with potential to break above $0.90 and even challenge the $1 mark.

However, if sentiment shifts and EOS follows the market downturn, it could fall back to support at $0.67. If that level fails, further declines toward $0.59 or even $0.54 may be in play.

Jupiter (JUP)

Jupiter, Solana’s top aggregator, has seen its market cap drop below $1 billion after falling more than 10% in the past 24 hours, now trading dangerously close to its all-time lows.

Despite the price drop, Jupiter remains the dominant aggregator in crypto, posting an impressive $8.98 billion in trading volume over the past week—more than the next nine aggregators combined.

JUP Price Analysis.
JUP Price Analysis. Source: TradingView.

It also ranked as the fourth-largest protocol by fees in the last seven days, generating $14 million, trailing only Tether, Circle, and Pump.

If the downtrend continues, Jupiter could slip below the $0.30 mark, setting new lows; but if it regains bullish momentum, the token may climb to $0.35, $0.41, and potentially retest the $0.50 level.

The post Top 3 Made In USA Coins For The Second Week of April appeared first on BeInCrypto.

Bitcoin Price Tumbles Below $79K Ahead Of Incoming Bloody Monday Open

Monicah W

Bitcoin Price Tumbles Below $79K Ahead Of Incoming Bloody Monday Open

Bitcoin price took a major hit to fall as low as $78,000 for the first time since the middle of March. There is speculation that the worst is yet to come for Bitcoin with Monday open tipped to herald fresh bearish sentiments.

Bitcoin Price Falls Below $79K Ahead Of Monday Open

According to CoinMarketCap data, the cryptocurrency market is bleeding and Bitcoin is carrying its fair share after losing nearly 6% over the last day. The steep decline saw Bitcoin dip under $80K and slide to reach a daily bottom of $78,574 for the first time since mid-March.

Despite the steep drop, Bitcoin’s daily trading volume is surging at $26.61 billion, an 85% spike in the last 24 hours. The sudden decline comes barely a day after reports of Bitcoin decoupling from the S&P 500 to become a safe haven asset.

There are several reasons for Bitcoin’s recent decline with global trade tensions considered a key culprit for the slump. US tariffs and China’s retaliation have forced investors to play safe till the storm blows over, increasing Bitcoin’s selling pressure. Furthermore, cryptocurrency liquidations of nearly $600 million adversely affect Bitcoin price.

Fox Senior Correspondent Charles Gasparino shared a scoop from a market analyst that as markets open on Monday, it may herald selling pressure. Investors are bracing for impact after recent market performance has been largely underwhelming and the specter of US blanket tariffs looms in the distance.

“Monday is shaping up to be the ultimate pain day,” said Gasparino on X, hinting at a broader selloff for Bitcoin.

Is The Bull Market Over?

There is growing chatter in cryptocurrency circles that Bitcoin is in a bear market given its current price performance. CryptoQuant CEO Ki Young Ju argues that the Bitcoin bull market is over, citing a string of on-chain data.

In his analysis, rising Bitcoin Realized Cap and stagnant market capitalization confirm that the bears are firmly in charge. Ju predicts that the bearish sentiment around Bitcoin can last for six months, dousing optimism for a short-term recovery.

Bitcoin’s recent price movement sees it cap off a torrid Q1, the worst in a decade after it fell by nearly 7%. The top cryptocurrency is dragging altcoins underwater with Ethereum losing a staggering 11.24% to trade at $1,590 as ETH price remains stuck under $2,000.

Other altcoins are undergoing a torrid patch with SOL and DOGE losing over 10% over the last day. ADA has shed 10.40% while XRP and BNB have lost 7.77% and 6.36% respectively. The global cryptocurrency market capitalization sits at $2.62 trillion as investors scan the horizon for a short-term price spurt ahead of Monday’s market opening.

The post Bitcoin Price Tumbles Below $79K Ahead Of Incoming Bloody Monday Open appeared first on CoinGape.