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In a massive development, Michael Saylor’s Strategy is again looking to expand its Bitcoin treasury by raising more capital through stock sales. The company just filed with the SEC a $4.2 billion offering for its recently issued Bitcoin-backed security, STRC. Strategy To Raise $4.2 Billion Through STRC Sale For More Bitcoin Purchase In an SEC
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Ethereum price continued to consolidate above $1,820 over the weekend, outperforming BTC over the 14-day timeframe.
Ethereum held steady above $1,820 across the weekend, registering relative strength compared to Bitcoin, which slid below $96,000.
According to CoinGecko, ETH price posted a 14-day gain of 15.7% while Bitcoin price rally was subdued at 12% over the same period. Daily trading volumes for ETH remained elevated above $7 billion, reflecting robust market participation.
Investor sentiment appears bolstered by Vitalik Buterin’s latest technical commentary. The Ethereum founder posted on May 3 about the importance of protocol simplicity, stating, “One of the best things about Bitcoin is how simple it is… let’s bring those benefits to Ethereum.”
His suggestion alluded to streamlining Ethereum’s design, a move that may aim to address criticisms around execution layer complexity, state management, and overall maintainability.
While short on specifics, the proposal hints at a philosophical shift — one that favors reduced protocol surface area and improved auditability over maximal flexibility.
This comes amid a broader industry push for modularity, security, and composability. Ethereum’s resilience over the weekend and its outperformance signal that Buterin’s remarks may have struck a positive tone with short-term traders.
Buterin’s remarks triggered swift criticism from prominent Bitcoin maximalists. Alistair Milne quipped that Bitcoiners have been urging Vitalik to embrace simplicity “for a decade.” Adam Back, CEO of Blockstream and a legendary cypherpunk, delivered the most scathing critism.
“I literally told him so a decade ago, but they still haven’t learned about balance vs utxo or the complexity of state, “rich state fullness” mistake. Redirecting miner revenue to the insiders with PoS etc. At this point just flush it before it hits 0, and buy Bitcoin.” – Adam Back, May 4 2025.
Back blamed Ethereum’s complexity — especially the Ethereum Virtual Machine (EVM) — for the recent ByBit wallet hack.
According to him, the EVM’s design makes it “basically impossible” for hardware wallets to verify transaction details reliably, creating exploitable vectors in real-world deployments.
From this lens, Ethereum’s initial ambition to support smart contracts without first building a minimal, robust foundation is seen as a strategic misstep.
The ensuing comments on X has further re-hased the long-standing ideological divide between Bitcoin maximalists, and Ethereum advocates over the last 24 hours.
While Bitcoin maximalists dismiss Vitalik’s call for simplicity as a desperate pivot, Ethereum markets responded differently.
With ETH showing strength and price stability above $1,820, buyers appear to interpret the proposal as a sign of Ethereum’s maturity possibly moving toward more efficient fundamentals.
Despite criticisms from Bitcoin maxis like Adam Back, Ethereum price has evidently attracted buying more buying pressure that BTC over since Vitalik’s proposal on Saturday.
Ethereum price remains resilient, consolidating just below $1,830, while showing early signs of a bullish continuation. Price action is forming a subtle ascending triangle on the daily timeframe, suggesting accumulation beneath resistance.
Notably, the Moving Average Convergence Divergence (MACD) indicator reflects positive momentum, with the MACD line holding well above the signal and zero lines. This bullish divergence, confirmed by a widening histogram, hints at increasing buying pressure despite recent profit-taking.
Ethereum price forecast today shows ETH price is holding up well-above its 50-day MA at $1,784, while the 100-day moving average near $2,176 remains the first significant ceiling.
More so, ETH trending currently trading just above the 20-day EMA, which is turning upwards. The Stochastic Slow strategy has recently issued a sell signal (-2) on the daily close, but this appears to be weakening in effect as price fails to retrace lower, indicating that bears lack conviction to press further
Within these conditions, should Ethereum price break and close above $1,880, the path toward $1,950 opens with relatively little friction, supported by declining volatility and improved sentiment after Vitalik’s latest proposal.
A failure to break higher could see ETH retest $1,783, but sustained strength above that level could keep the upside momentum active.
The post Ethereum Price Outperforms BTC as Blockstream CEO, Adam Back Reacts to Vitalik’s Latest Proposal appeared first on CoinGape.
United States President Donald Trump is not giving up on his plans to make nations like China accept the terms of his reciprocal tariffs, which he unveiled last week. Countries have started announcing counter-tariffs, exacerbating the long-drawn trade war that has continued to affect the crypto market.
As President Donald Trump revealed and broadcasted on X, the US will levy an additional 50% tariff on China if the Asian giant fails to lift its 34% counter tariff. After Trump’s reciprocal announcement on April 2, China responded with a 34% level.
This move was unacceptable to President Donald Trump, who said China has already imposed a record-setting tariff. The US President’s ultimatum to China was April 8, and if the nation fails to comply, it will respond in kind with 50% of the import charges.
In his post on Truth Media, the US President noted that his administration will continue to negotiate with other countries that have reached out. However, he said all negotiations with China would be halted immediately if China’s levy on US imports were not lifted.
Mexico, Canada, Japan, and the European Union are among the nations looking for a renewed deal with the US.
As seen in the crypto market over the past few weeks, the sentiment around the trade war has sparked concerns about nascent asset classes. As reported earlier by CoinGape, Bitcoin crashed to $74,00 on concerns that more tariffs and economic instability are in view.
The same bearish outlook is seen for all the altcoins, from XRP to Solana and Cardano. Beyond this outlook, the current trend suggests no aspect of the market is safe, with intense volatility still at play.
Considering the nature of stock market losses, the industry is now very sensitive to fake news. Earlier, BTC’s price rebounded to $80,000 on a fake update that President Donald Trump had suspended the tariff implementation for 90 days. If the countries do not reverse the trend, more fluctuations may come.
At the time of writing, the price of Bitcoin has pared off some of its losses and was trading at $78,961.40, down by 1.6% in 24 hours. Within this period, the coin has moved between two price extremes, including a low of $74,436 and a high of $81,119.06.
Altcoins are also also staging a comeback with Ethereum trading for $1,556.42 atop a 7.01% decline. XRP, Dogecoin and Solana are also down by 6.04%, 5.11% and 3.31% as of writing.
Market experts like Arthur Hayes have predicted Bitcoin dominance to hit 70% with the market likely to stage a rebound. If achieved, altcoins may also stage a sustained rebound moving forward.
The post Donald Trump Threatens Additional 50% Tariff on China, How Will Crypto Market React? appeared first on CoinGape.
Along with the rest of the market, the Ethereum price has experienced a significant recovery over the last few days. The recovery took place under the settling influence of the Donald Trump tariff news on the investors’ sentiments. However, despite that, the token remains far away from being bullish, concerning investors. Recently, the Ethereum crypto whales’ activity has increased; one simply moved $43.2M from exchanges. Why? Let’s discuss that and its potential impact on the ETH price.
According to The Data Nerd Guy, a crypto whale (Cumberland) has moved 23,733 ETH, equivalent to $43.2M on the current Ethereum price. Interestingly, the whale has withdrawn massive ETH holdings from the Coinbase crypto exchange, signaling their rising confidence in the asset as they aren’t selling anymore.
The ETH price chart shows a 12% recovery in the last 24 hours, currently trading at $1,823. As a result, whale activity has increased. Lookonchain’s post also highlighted whales’ high activity on this altcoin, with one whale buying 14,994 ETH. However, they soon sold, signaling that fear of volatility is still persistent around its price trajectory.
Bullish or bearish on $ETH?
This whale can’t pick a side on $ETH — buying one minute, selling the next.
He bought 14,994 $ETH($27M) at an average price of $1,801, and just 3 hours later, he sold 4,491 $ETH($8.07M) at an average price of $1,797.
Address:https://t.co/fLSaQPOYjc… pic.twitter.com/tgpGBtD99g
— Lookonchain (@lookonchain) April 29, 2025
The technical and on-chain factors reveal a bullish case for Ethereum. Despite earlier declines, the active addresses are rising, hitting a new ATH of 15.4M after a 62.7% surge in a week.
Crypto analyst Blanc points out that the ETH is breaking above the 50-day moving average, with the key support between $1,812 and $1,857. Notably, this is an important sign of recovery, but it’s not confirmed yet.
Regardless, the long-term outlook is bullish, as it forms the bull flag. If a breakout happens, the Ethereum price could hit $10,000 in the long term. However, in contrast, the weakness still lies in the ETHBTC case.
Although it has improved, it’s still near a multi-year low (0.019). Experts claim that the bottom is close, but unless Ethereum starts outperforming Bitcoin, the bullish momentum is poor.
Ethereum’s trajectory depends on various key factors, including key resistance and whale activities. Experts’ Ethereum price prediction reveals a potential consolidation soon due to the key resistance between $1,850 and $1,900.
However, as the macro-economic conditions shift, especially Fed interest rate cuts, they anticipate recovery in the next quarter before anticipating ETH price hitting $11k in the long term. However, the Bitcoin price trajectory to $200k needs to form before this.
The post What Does a Crypto Whale’s $43M ETH Move Mean for Ethereum Price? appeared first on CoinGape.