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
The cryptocurrency market recorded more than $669 million in net liquidations on Wednesday, July 23, 2025. The altcoin market accounted for the lion’s share of the $563 million in long liquidations during the past 24 hours.
According to market aggregate data from Coinglass, the ETH and XRP trading pairs recorded net liquidations of about $126 million and $69 million respectively. Bitcoin (BTC) on the other hand recorded a net liquidation of around $54 million.
Major Reasons Why Crypto Dropped Today
The 2025 altcoin bull market officially kicked off after the Ethereum price outpaced Bitcoin, leading to a reversal in the BTC dominance. The rising calls for altseason 2025 attracted more FOMO (fear-of-missing-out) traders, thus leading to overheated futures.
According to market data analysis from CryptoQuant, an overheated futures market amid weak prices often leads to a distribution phase. Additionally, market data analysis from Santiment shows the social volume and dominance for altseason 2025 surged to yearly peaks after Ether price approached $4k.
Historically, an increase in social dominance of ATH often precedes a market correction.
The heavy liquidation of long traders has also triggered panic selling, thus increasing the odds of a long squeeze.
What Next?
The crypto market has gained bullish momentum fueled by clear regulatory frameworks in the United States amid renewed demand from institutional investors. The rising global money supply will further boost the crypto bull market in the coming months.
As a result, the wider crypto market is likely to be trapped in a short-term consolidation before a parabolic rally before the end of 2025. The macro bullish sentiment is bolstered by BTC’s entrance into price discovery.
The post Crypto Liquidations Tops $667M Led By Altcoins: Experts’ Insights on What’s Next appeared first on Coinpedia Fintech News
The cryptocurrency market recorded more than $669 million in net liquidations on Wednesday, July 23, 2025. The altcoin market accounted for the lion’s share of the $563 million in long liquidations during the past 24 hours. According to market aggregate data from Coinglass, the ETH and XRP trading pairs recorded net liquidations of about $126 …
XRP price has formed a highly bearish chart pattern and is at risk of having a strong bearish breakdown, which could see it hit $1 in the near term. On top of this, a popular crypto analyst has warned that the Bitcoin bull cycle has ended, which could hurt altcoins like Ripple. So, what should you do if Ripple price crashes below $1?
XRP Price Could Crash to $1 Soon
Ki Young Ju, the founder of CryptoQuant, and a popular crypto analyst, has warned that the Bitcoin bull market is over. He warned that all on-chain metrics were signaling a bear market as liquidity continues to dry up.
BTC PNL Index Cyclical Strengths
Such a drop, coupled with the fear sentiment in the market, means that Bitcoin and XRP prices may be on the verge of more downside. He said:
“I’ve been calling for a bull market over the past two years, even when indicators were borderline. Sorry to change my view, but it now looks pretty clear that we’re entering a bear market.”
Meanwhile, the daily chart below shows that the XRP price is forming a rare bearish pattern known as head and shoulders. This pattern forms when an asset is in an uptrend and is a sign of a bearish reversal.
In XRP’s case, the head is at the year-to-date high, while the shoulders are at $3 and the neckline is at around $2. In this case, a bearish breakdown will be confirmed if the coin drops below the neckline at $2.
A drop below the support at $2 will point to further declines to the next psychological point at $1. This price also coincides with the 78.6% Fibonacci Retracement level. That would be a 55% crash from the current level.
XRP Price Chart
What to Do If Ripple Price Crashes Below $1
One of the best approaches to handle the XRP price crash is to do dollar cost averaging (DCA). DCA is an approach where an investor buys an asset in small quantities during its downtrend.
The main reason for this is to buy more tokens over time, and possibly benefit when the price bounces back.
In XRP’s case, there are signs that the price will bounce back over time, helped by numerous catalysts. There are some bullish catalysts that will push the XRP price higher in the long term.
Odds of the SEC approving XRP ETFhave continued rising after Donald Trump won the presidency in November. A spot ETF will likely lead to more inflows and boost the price.
The SEC has already ended lawsuits against other companies in the crypto industry like Coinbase, Gemini, and Kraken. As such, there is a likelihood that the agency will end the Ripple lawsuitlater this year.
Ending the lawsuit would be a positive thing for XRP price because it will allow Ripple to ink deals with other companies, link banks, and money transfer firms.
XRP price could also benefit from the potential crypto bull run triggered by the Federal Reserve interest rate cuts and end of quantitative tightening.
Cardano price is floating above the $0.62 level on Sunday April 20, down 0.7% on the daily candle. However, derivatives trading signals observed over the weekend suggest recent Trump comments from Founder Charles Hoskinson are unlikely to impact ADA price action negatively in the week ahead
Cardano Bulls Cluster Around $0.60 Support as Charles Hoskinson Hints at Strained Trump Relationship
Over the weekend, ADA price action has been notably resilient, holding above the critical $0.60 support level.
This comes on the heels of an exclusive interview where Charles Hoskinson dismissed the importance of forging ties with the Trump administration.
Cardano Price Action, April 20 | Source: Coingecko
Despite being excluded from a recent White House crypto summit, Charles Hoskinson claims that the Cardano team has not established a close relationship with the Trump administration.
“I don’t need to make a deal with Trump,” Hoskinson told DL News during Paris Blockchain Week, downplaying the perceived political snub.
Notably, other crypto leaders such as Brian Armstrong (Coinbase) and Michael Saylor (MicroStrategy) met with Trump and top crypto advisors David Sacks and Bo Hines. In reference, Hoskinson emphasized that U.S. political proximity may offer optics but lacks long-term impact.
Cardano left out of Trump-backed Crypto Projects?
When Trump included ADA among five cryptocurrencies in his crypto strategic reserve proposal back in March 2025, it sparked optimism across the Cardano ecosystem.
Many hoped this would signal increased support from the Trump administration. However, a month later, while other crypto projects are actively aligning with U.S. political influencers, Cardano appears to have been sidelined.
Founder Charles Hoskinson remains unfazed in his latest interview, emphasizing that political proximity may offer short-term visibility but rarely leads to sustainable outcomes.
In contrast, Trump-backed WLFI recently unveiled plans to launch a USD1 stablecoin on Ethereum and BNB Chain, while also making strategic investments in tokens like Tron and Chainlink.
The Cardano community has taken note of ADA’s absence from these high-profile initiatives, sparking debate over why one of the industry’s most actively developed blockchains is being left out of Trump-linked crypto endeavors.
Cardano Derivatives Volumes Cross $700M as Markets Lean Bullish
Despite the political headlines surrounding Charles Hoskinson’s remarks, market participants are seemingly more focused on price action than policy drama.
Derivatives trading data over on Sunday April 20, reveals a optimistic, risk-tolerant stance from ADA traders.
As depicted in the Coinglass chart above, the total ADA derivatives trading volume surged by 8.62% to $716.28 million, while open interest edged up to $635.27 million up 1%.
Cardano Derivative Market Analysis, April 20 | Source: Coinglass
The increase in Open Interest matches up to the 1.2% downswing in Cardano spot prices on the day. This signals that bull traders are actively defending their positions to prevent a break down below the $0.60 price level.
What’s more telling is the behavior of traders across top exchanges. On Binance, the long/short ratio sits at 2.19, while OKX shows even more aggressive positioning with a ratio of 2.62, meaning more than two longs for every short. Among top traders, that bullish tilt remains intact, with long-to-short account ratios over 2:1 and position ratios still firmly long-biased.
This accumulation of leveraged long positions suggests that both retail and institutional participants are eyeing a move higher — possibly in anticipation of a breakout past the local resistance at $0.65, or simply confidence in ADA’s technical foundation above $0.60. However, the growing appetite for leverage comes with its own risks.
Cardano Price Analysis For the Week Ahead
Looking ahead, Cardano price outlook suggests bulls may face major stress tests to defend the $0.60 level. Howevrr, if bulls can maintain control and defend against cascading long liquidations, ADA could build enough momentum to challenge $0.65, potentially opening the door to a run toward $0.70.
But failure to hold that line could quickly dampen confidence, potentially sending ADA prices spiraling back toward $0.55.
Cardano Technical Price Analysis Today: Bulls Eye $0.65 as $0.60 Support Holds Steady
Cardano (ADA) enters the week with its price consolidating around $0.6203, where the 4-day SMA acts as immediate resistance. The flattening yellow 4-SMA line hovering near the current price reflects indecision, while the longer-term 60-SMA, sitting significantly higher at $0.7092, reinforces the presence of a persistent macro downtrend. Still, the tight price action and low volatility suggest an imminent breakout is in play.
The BBP (Bollinger Band Percent) currently prints at -0.0088, hinting at compressed volatility and a price trading slightly below its average range — often a precursor to explosive moves. Volume remains subdued at 46.4M, but this may indicate accumulation under resistance rather than a lack of interest.
Cardano Technical Price Analysis Today
If bulls maintain price stability above $0.60, this could build enough structural momentum to pierce the $0.65 level, a threshold that aligns with recent intra-range resistance.
In the broader market context, Bitcoin’s price forecast today leans neutral-bullish, showing range-bound strength above $83,000 in each of the last days of trading. This sets a supportive backdrop for ADA price outlook in the week ahead.
However, failure to hold $0.60 may expose ADA to cascading liquidations, potentially dragging price back toward $0.55. The week ahead will be crucial as volatility returns to the crypto majors.