BTCS Inc has increased its Ethereum (ETH) holdings to 13,500 coins. This follows the recent acquisition of 1,000 ETH for approximately $2.63 million. The purchase was made through the Crypto.com Exchange, using its institutional trading services. As of June 2, this move marks a nearly 50% rise in ETH holdings since the end of Q1 2025. The company is focusing on ETH as part of its broader blockchain infrastructure strategy. As a result, its acquisition supports both its treasury model and infrastructure operations. BTCS aims to build scalable blockchain systems and sees ETH as central to these efforts. BTCS Acquires 1,000 Ethereum, Total Hits 13,500 The firm BTCS continues to expand its blockchain operations and Ethereum reserves. With the addition of 1,000 ETH, the company now holds around 13,500 ETH. This increase reflects BTCS’s commitment to Ethereum-based technologies, including its NodeOps and Builder+ activities. Charles Allen, CEO of BTCS, stated,… Read More at Coingape.com
The White House has reportedly pushed back on a move by both Republican and Democratic representatives to include a provision in the CLARITY Act that will address Donald Trump’s ties to the crypto industry. This comes just days after the crypto bill passed the Committee markup phase. White House Rejects Bipartisan Provision In CLARITY Act
Render (RENDER), one of the top-tier crypto AI projects, is poised for a price decline due to the formation of bearish price action on the four-hour time frame.
Bearish Market Sentiment
As of today, March 9, 2025, the overall cryptocurrency market sentiment appears bearish. Leading assets like Bitcoin (BTC), Ethereum (ETH), and XRP have experienced notable price declines, influencing the broader market and contributing to a major downturn across the sector.
RENDER is currently trading near $3.45 and has registered a price drop of over 3.55% in the past 24 hours. During the same period, its trading volume declined by 55%, indicating lower participation from traders and investors as the price reached a crucial level.
RENDER Price Action and Upcoming Levels
According to expert technical analysis, RENDER has formed a bearish head and shoulders pattern on the four-hour time frame and is on the verge of a neckline breakdown at $3.40.
Based on recent price momentum and historical patterns, if the asset breaches the neckline and closes a daily candle below $3.35, there is a strong possibility of a 30% decline, potentially reaching the $2.22 level in the coming days.
Source: Trading View
Besides this bearish price action, RENDER’s Exponential Moving Average (EMA) indicates that the asset is still in a downtrend, which may be contributing to the lack of participation from traders and investors.
Traders Over-Leveraged Positions
Traders are currently over-leveraged at $3.39 on the lower side and $3.60 on the upper side, having built $382K worth of long positions and $800K worth of short positions in the past 24 hours, according to on-chain analytics firm Coinglass.
When combining these metrics with technical analysis, it appears that bears are in control and could soon push RENDER below the neckline, potentially triggering further decline.
The post RENDER Price Poised for 30% Drop? Bearish Pattern Spotted appeared first on Coinpedia Fintech News
Render (RENDER), one of the top-tier crypto AI projects, is poised for a price decline due to the formation of bearish price action on the four-hour time frame. Bearish Market Sentiment As of today, March 9, 2025, the overall cryptocurrency market sentiment appears bearish. Leading assets like Bitcoin (BTC), Ethereum (ETH), and XRP have experienced …
