Day: March 17, 2025

Bitcoin choked by ‘exacerbating sell-side pressure’ from short-term holders: report

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Bitfinex analysts said Bitcoin buyers with purchases in the last month were the hardest hit during recent crypto market selloffs. Bitcoin (BTC) shed 13.5% of its value in the past 30 days and has dropped over 29% from its all-time high set in January, the biggest correction of the current bull cycle, according to the Bitfinex Alpha Report released on March 17.  Past cycles witnessed similar drawdowns ranging from 30% to 50%. However, some expected a different outcome this time due to new institutional adoption through spot BTC exchange-traded funds…

Standard Chartered drops 2025 ETH price estimate by 60% to $4K

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Ethereum price is more than 52% down from its December 2024 high at $4,107 and data from TradingView shows ETH (ETH) down 42% since the start of 2025.  Despite being one of the largest cryptocurrencies by market capitalization and holding the dominant spot as the leader in Web3 and DeFi, many analysts believe that ETH’s price prospects remain grim in the short term.  Crypto analyst and chartered market technician Askel Kibar warned traders against assuming that ETH price trades at a discount simply based on how far off it is…

Here’s How High The XRP Price Would Be If It Flips Ethereum’s Market Cap

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Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including…

Who Is Satoshi? Benjamin Wallace Goes Down the Rabbit Hole in New Book

Who created Bitcoin? More than 16 years ago, on Halloween Day of 2008, an entity by the name of Satoshi Nakamoto sent out the whitepaper for a peer-to-peer electronic cash system to a cypherpunk email list. Bitcoin launched shortly thereafter; it quickly spawned a global cultural movement and a multi-trillion dollar industry. Benjamin Wallace wrote a piece on the phenomenon for WIRED in November 2011, making him one of the very first mainstream journalists to ever cover the crypto space. Back then, nobody seemed to know Nakamoto’s identity, and despite…

XRP’s role in US Digital Asset Stockpile raises questions on token utility — Does it belong?

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Ripple’s XRP (XRP), the third-largest cryptocurrency by market cap, gained national recognition after President Donald Trump mentioned the “valuable cryptocurrency” alongside BTC, ETH, SOL, and ADA as part of a planned US strategic crypto reserve. Trump’s executive order on March 6 established a new structure for the altcoins — the Digital Asset Stockpile, managed by the Treasury.  While the crypto community remains divided on whether XRP is truly as valuable as President Trump suggests, a closer look at the altcoin’s utility is warranted.  XRP’s potential role in banking Launched in…

Shiba Inu Gains Momentum: SHIB Price Breaks Above 100-Day Moving Average, What’s Next?

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Shiba Inu is gaining momentum as its price breaks above the critical 100-day moving average, a sign that bullish sentiment may be strengthening. This breakout marks an important shift in SHIB’s market structure. Historically, moving averages serve as dynamic support and resistance levels, and reclaiming the 100-day SMA often signals renewed upward potential. If SHIB can sustain this breakout, it could pave the way for further gains, attracting more bullish interest and potentially triggering a rally toward higher resistance levels. However, traders remain cautious, as maintaining this momentum is key…

Price analysis 3/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI

Bitcoin bulls appear ready to make a run at the 200-day SMA, which could pull BTC price toward $92,000 and reinvigorate altcoins. Bitcoin (BTC) has largely stayed above $80,000 since March 11, indicating that the bulls are not waiting for a deeper correction to buy. However, the failure to propel the price above $86,000 shows that the bears have not given up and continue to sell on rallies. CoinShares’ weekly report shows that cryptocurrency exchange-traded products (ETPs) witnessed $1.7 billion in outflows last…

Long-term Ethereum accumulation could unwind if ETH price falls below $1.9K — Analyst

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Ethereum’s native token, Ether (ETH), continues to consolidate under $2,000, which some traders view as a psychological level. Ether price slipped below this range on March 10, and the altcoin continues to trade at its lowest value since October 2023. Ethereum 4-hour chart. Source: Cointelegraph/TradingView Ether price has also lost market value with respect to other major altcoins, with XRP price reaching its highest level against ETH in five years on March 15. The real question among investors is whether ETH is capable of recapturing a portion of its recent…