An investor who shorted Ethereum (CRYPTO: ETH) with massive leverage is now sitting on tens of millions in unrealized profit as the market plunged following President Donald Trump's tariff announcement. What Happened: The trader took a 50x leverage bet on ETH's decline on Monday, according to on-chain tracker Lookonchain.
Ethereum is faring far worse than the rest of the crypto market today as it falls below previous levels of support.
The sharp reversal aligned with a cautious mood among traders after Monday's market rally following the ambitious plan, as a CoinDesk analysis previously noted.
North Korea's Lazarus Group has reportedly laundered all the 499,000 ETH, roughly $1.39 billion, stolen from the Bybit hack in just 10 days. According to a Mar.
A deeper retracement remains likely, with $155 and $145 emerging as critical support levels to watch.
Bitcoin and other major cryptocurrencies fell on Tuesday as optimism around the proposed US Crypto Strategic Reserve faded. The drop also coincided with rising trade tensions, as President Trump confirmed that tariffs on Canada, Mexico, and China would go into effect in hours.
Ethereum bulls are accumulating assets following the crypto market dip, igniting similar demand in altcoins. The asset has recorded increased daily volumes this week, signalling a possible turnaround for most traders currently in the red zone.
Trump's tariffs on Canadian, Mexican and Chinese imports, taking effect Tuesday, have 'further fueled risk-off sentiment,' says an analyst.
The cryptocurrency market saw a sharp selloff on Tuesday, wiping out recent gains across major digital assets. Bitcoin (BTC) once again dropped to the $84,000 level, reversing its rally after former US President Donald Trump's announcement regarding a crypto reserve.
Onchain data has revealed that FTX/Alameda has unstaked 3.03 million SOL and transferred to multiple wallets on March 4. The firm also noted that 37 wallets received the $421.3 million unstaked SOL.
Ethereum has fallen below $2,100, hitting its lowest level since December 2023 as Trump tariff concerns rattle markets. The cryptocurrency is down 15% in the past 24 hours, trading at $2,063, according to crypto.news price data.
Solana started a fresh decline from the $180 zone. SOL price is down over 20% and might struggle to recover above the $150 resistance.
Every last 499,000 ETH—worth $1.39 billion—stolen from Bybit by the notorious Lazarus Group has been fully laundered, and it took them only 10 days for the stolen crypto to disappear into the blockchain, according to EmberCN on X.
After a brief pump above $2,500 levels following Donald Trump's announcement of a strategic crypto reserves, Ethereum has lost all its weekend gains collapsing all the way to the $2,050 level now. With more than a 36% drop already in ETH price since the start of 2025, this could be the worst performing Q1 in
Economic uncertainty and trade tensions may dampen investor confidence, potentially leading to prolonged volatility in crypto markets. The post Crypto market in free fall ahead of Trump tariff deadline—XRP, ADA, SOL post double-digit losses appeared first on Crypto Briefing.
Cryptocurrency prices were on edge on Tuesday, mirroring the performance of American stocks. Bitcoin price plunged to $84,000, a big drop from the weekend high of over $100,000. The total market cap of all cryptocurrencies tracked by CoinMarketCap plunged by over 10% to $2.77 trillion, while liquidations jumped.
Ethereum price started a fresh decline from the $2,550 zone. ETH is now back below $2,200 and might decline further in the near term.
$165 million in long ETH positions have been liquidated in the last 12 hours.
This comes as President Trump excludes ETH from his crypto policy plans.
Ethereum saw a sharp decline on Monday, dropping 10.29% to $2,220.06 by 13:27 (18:27 GMT) on the Investing.com Index. This marks its steepest one-day percentage loss since March 3, pushing its market cap down to $271.46 billion, representing 9.24% of the total cryptocurrency market.
CoinShares, a major European digital asset manager, recently published a significant report detailing the largest weekly outflows of crypto asset investment products on record. The data reveals that over $2.9 billion was withdrawn within the past week, pushing the three-week outflow total to $3.8 billion.
Ethereum (ETH) is gearing up for a major upgrade, known as the Pectra Upgrade, set for release on March 5, 2025. This update is expected to bring significant improvements to Ethereum's network, enhancing scalability, security, and overall performance.
Solana (SOL -21.86%) has been giving up ground over the last day of trading. The cryptocurrency's share price was down 19.4% over the previous 24 hours as of 6:45 p.m.
Despite the significant liquidation volume, major lending platforms have demonstrated resilience, continuing to function as designed even under stress.
The cryptocurrency market's focus has once again shifted to Bitcoin as it looks to regain its bullish momentum. A significant recovery ensued following a steep correction that saw Bitcoin momentarily fall below $92,000, driven by the U.S. announcement of a strategic crypto reserve.
Zora, a multi-chain NFT and tokenization protocol, has revealed plans to launch its own token on Ethereum layer-2 Base with an airdrop.
The cryptocurrency market has experienced significant volatility recently, and Solana (SOL) has been one of the standout performers, making noticeable gains. As of today, SOL has risen by 15.92%, catching the attention of traders and investors alike.
President Trump's plan to create a strategic reserve of altcoins—and not solely Bitcoin—is puzzling analysts at Bernstein.
Solana price is in the spotlight as the wallets linked to the bankrupt FTX Derivatives Exchange have received a massive SOL stash in a significant headwind for the coin. According to an update from Arkham Intelligence, the wallets tied to the FTX and Alameda Research Estate received 3.033 million Solana from an unidentified address.
President Donald Trump's influence is being felt in the crypto markets, with coins falling alongside stocks ahead of tariffs taking effect.
A crypto trader made $6.8M in 24 hours after executing 50x leveraged BTC and ETH trades.
Market funding rates have dropped since the infamous Bybit hack, which drained over $1.4 billion. This follows low sentiments amid creeping interest from bulls and large holders.
White House AI and crypto czar David Sacks confirmed he owns no crypto assets, having sold off everything before US President Donald Trump took office.
Ethereum (ETH) has been making headlines as the crypto market experiences a positive start to March. Legendary trader Peter Brandt has shared his analysis of Ethereum's price action, highlighting a key chart pattern that could point to a significant price movement in the near future.
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TRON DAO's active engagement at ETH Denver 2025 highlights its strategic role in advancing Web3 innovation and fostering blockchain talent. The post Tron DAO fuels Web3 growth at ETH Denver 2025, Golden Sponsor of Cube Summit appeared first on Crypto Briefing.
Crypto markets are pulling back after a strong Sunday as digital asset investment products saw their third consecutive week of outflows, with Bitcoin taking the biggest hit—$2.6 billion in outflows. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $85,736.90 -8.8% Ethereum (CRYPTO: ETH) $2,119.28 -15.5% Solana (CRYPTO: SOL) $144.10 -17% XRP (CRYPTO: XRP) $2.40 -16.3% Dogecoin (CRYPTO: DOGE) $0.1994 -14.8% Shiba Inu (CRYPTO: SHIB) $0.00001290 -14% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 25% and daily active addresses falling by 16.8%.
Gemini co-founder and CEO Tyler Winklevoss has discussed using altcoins like Solana (SOL), Cardano (ADA), and XRP in strategic crypto in the United States. His comments come amid the growing debate on the suitability of these assets and Bitcoin in a national digital assets stockpile.
Tyler Winklevoss, co-founder of Gemini, has publicly questioned the inclusion of XRP, solana (SOL), and cardano (ADA) in a proposed U.S. strategic crypto reserve. Winklevoss Criticizes Trump's Proposed Crypto Reserve Inclusion of XRP, SOL, ADA Over Suitability President Donald Trump, the 47th U.S.
Another crypto market crash has occurred, with Bitcoin, Ethereum, Dogecoin and the XRP price dropping significantly today. This development is due to several factors, including the CME gap which the flagship crypto needs to fill below $90,000.
ADA, XRP and SOL are seeing profit booking just a day after rallying following President Trump's US strategic crypto reserve announcement. Is the market headed toward new lows?
Solana (SOL) has delivered a dramatic shift in market structure, breaking above a descending parallel channel that had dominated its price action for several weeks. Ali Martinez (@ali_charts), who shared the attached four-hour chart, suggests that this breakout could position the token for a potential climb toward $213.
President Donald Trump announced the inclusion of XRP (Ripple), SOL (Solana), and ADA (Cardano) in a new U.S. Crypto Strategic Reserve, triggering a surge in their market value.
The Ethereum (ETH) price has crashed back below $2,200 to levels that are actually below those before US President Donald Trump's strategic crypto reserve announcement, that he said would include Ethereum. The post Ethereum Price Crashes 13% Despite Trump Crypto Reserve Announcement – Why? appeared first on Cryptonews.
Blockchain tracking firm Lookonchain says one crypto trader generated astronomical returns by betting big on Bitcoin (BTC) and Ethereum (ETH) as President Trump announced a potential US crypto reserve.
Shiba Inu ecosystem's main pair of tokens SHIB & BONE could serve as gas fee payment options on Ethereum.
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One of ZKNox's goals is to make post-quantum cryptographic operations more efficient on Ethereum, securing the chain for a quantum computing future.