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Cryptocurrency prices have tumbled in jarring fashion over the last 24 hours, with BTC, ETH, SOL, and ADA recording steep losses. As traders try to make sense of the crypto market crash, the immediate cause is heightened US-Iran tensions and the grim prospects of an Iranian retaliation on US soil. Crypto Market Sheds $1.1 Billion
The post Why Is The Crypto Market Crashing Today? appeared first on CoinGape.
The post Ethereum Eyes Another Correction as Selloff Risks Grow: What’s Next for ETH Price? appeared first on Coinpedia Fintech News
Following comments by Federal Reserve Chair Jerome Powell, Ethereum’s price is struggling as it fails to validate a clear upward trend. On April 16, during a speech in Chicago, Powell stated that the Federal Reserve is not in a hurry to lower interest rates, highlighting a cautious “wait-and-see” approach that depends on further economic data. This announcement led to an increase in Ethereum’s exchange inflows, signaling increased chances of a potential bearish correction.
Ethereum’s price has been trending downward, impacted by the Federal Reserve’s cautious outlook on the economy, which has dampened investor sentiment. According to data from Coinglass, Ethereum saw approximately $40.6 million in liquidations over the past 24 hours. Of this, long positions accounted for about $26 million, while short positions made up roughly $14.6 million.
The recent price decline coincided with a sharp increase in exchange reserves. On the previous day alone, more than 77,000 ETH were transferred to derivative exchanges, marking the largest single-day net inflow in several months. This sudden rise in supply increases the potential for selling pressure.
Also read: Large Inflows Hit Ethereum: Will ETH Price Drop Again?
However, data from IntoTheBlock reveals that the Netflow metric remains negative, at approximately -6,800 ETH. This indicates that overall outflows have exceeded inflows, suggesting that many investors were accumulating Ethereum amid the price decline.
Coinglass further reveals that open interest for Ethereum has been rising despite the downward pressure. The OI metric surged by over 3.87%, touching over $18 billion. However, the funding rate has been trending around the negative region at 0.0015%. As a result, bears still have the control to consolidate ETH with immediate Fib support levels.
However, the current decline might turn out to be a strong rebound soon. According to a CryptoQuant analyst, Ethereum is trading close to its realized price, a level that has often signaled major rebounds in the past. The realized price, now around $1,585, is seen as a strong point for value buying.
Ether’s attempt at a price recovery is losing momentum around EMA trend lines as bears strongly defend EMA20 level. As a result, the price is hovering around the descending resistance line. Currently, ETH price trades at $1,588, declining over 1.5% in the last 24 hours.
If sellers manage to drive the price below $1,400, it could trigger a deeper decline toward the end of the bearish channel at $1,130. This level is expected to attract buying interest, but if bearish momentum remains strong, a further drop toward $1K is possible.
On the upside, a decisive break and close above $1,700 would be the first indication that buyers are regaining control. Such a move could open the path for a rally toward $2K. Although the 50-day SMA might slow down the recovery, it is likely to be surpassed if bullish momentum builds. A strong push above $2K would suggest that the downtrend may be reversing.
The post Ethereum Eyes Another Correction as Selloff Risks Grow: What’s Next for ETH Price? appeared first on Coinpedia Fintech News
Following comments by Federal Reserve Chair Jerome Powell, Ethereum’s price is struggling as it fails to validate a clear upward trend. On April 16, during a speech in Chicago, Powell stated that the Federal Reserve is not in a hurry to lower interest rates, highlighting a cautious “wait-and-see” approach that depends on further economic data. …
Ripple token is among the top cryptos of the market, and the XRP Rich List for June clearly explains the popularity, as 6.65 million accounts hold billions worth of tokens. Notably, in most cases, the top 100 wallets carry the majority of the token holdings, and the same holds true here as well. But Ripple’s
The post XRP Rich List June 2025: Here’s Who Owns the Most XRP? appeared first on CoinGape.
The post Mubarak Meme Coin Skyrockets 200% in 48 Hours: Is This Rally Sustainable? appeared first on Coinpedia Fintech News
MUBARAK coin has taken the crypto market by storm, skyrocketing 200% in just 48 hours. The token’s price jumped to $0.206, with its market value touching $200 million. The sudden surge is largely due to its listing on Binance Alpha and an unexpected move by Binance’s former CEO, Changpeng Zhao (CZ), which caught the attention of investors worldwide. The token surged 70% today, reaching $0.20 after CZ, showed interest.
The rally gained momentum after CZ made a transaction involving MUBARAK. He swapped 1 BNB for 20,150 MUBARAK, valued at around $600. This move fueled speculation, with many believing CZ’s involvement signaled a strong future for the meme coin. Adding to the excitement, Binance Alpha, a platform known for listing potential high-growth coins, added MUBARAK, making investors even more bullish.
Moreover, the community took notice of this booming coin when a trader turned $232 into $1.1 million in just two days by investing in the Mubarak meme coin. The trader initially bought 10.5 million tokens and later sold some for $363,500 while still holding 5.16 million tokens.
CZ Reacts to the Buzz
Despite the hype, CZ downplayed his role in the coin’s rise. In an X post, he said, “People give me too much credit. I didn’t do anything magical—builders did the work.” Still, his name alone was enough to boost MUBARAK’s appeal, leading to massive buying activity.
MUBARAK has been in a strong uptrend, with its price hitting an all-time high (ATH) of $0.221. While some expect it to climb further, possibly reaching $0.500, others warn that the rally is fueled mainly by hype.
Technical indicators, such as the Relative Strength Index (RSI), suggest the coin is in an “overbought” zone. This means prices may continue to rise, but a pullback is also likely if the hype fades. If momentum weakens, MUBARAK could fall to $0.149 or even $0.108.
For now, the coin remains in the spotlight, with traders closely watching its movement. If the enthusiasm continues, MUBARAK could break new highs. However, if investors realize it lacks real utility, a sharp drop could follow. The coming days will determine whether this rally has staying power or if it’s just another short-lived crypto craze.
The post Mubarak Meme Coin Skyrockets 200% in 48 Hours: Is This Rally Sustainable? appeared first on Coinpedia Fintech News
MUBARAK coin has taken the crypto market by storm, skyrocketing 200% in just 48 hours. The token’s price jumped to $0.206, with its market value touching $200 million. The sudden surge is largely due to its listing on Binance Alpha and an unexpected move by Binance’s former CEO, Changpeng Zhao (CZ), which caught the attention …