Ethereum price has hit $1,5000 as Crypto market crash steepens, shedding $410 billion in the past two weeks. The sell-off is not localized to cryptocurrencies but also across the global stock markets, triggering cricuit breakers in Taiwan, Japan, Australia, Russel Futures and even in Singapore. What’s next for Ethereum (ETH) price prediction? Should you buy the dip? Ethereum Price Suffers Amid Stock & Crypto Market Collapse In the early Asian session, Bitcoin price slipped below $80K, Ethereum price hit $1,520 as the stock and crypto markets plummeted in reaction to Trump’s tariffs. As a result of this steep sell-off, the authorities triggered circuit breakers, aka halting trading when markets fall rapidly. Cricuit breakers were triggered in Taiwan, Japan, Australia, Singapore and in Russel Futures. S&P 500 circuit breakers are market-wide trading halts triggered at three levels – a 7% drop pauses trading for 15 minutes, a 13% drop halts for another 15 minutes, and a 20% drop stops trading for the day. But there are no circuit breakers in the cryptocurrency markets , which often leads to massive selloff especially if the leverage in the market is high. As seen, ETH’s value has crashed nearly 20% in the past 21 hours and currently trades at $1,520. Is this a good place to buy ETH? Let’s explore Ethereum price predictions and key levels to watch. Ethereum Price Prediction: Key Levels to Watch The weekly chart for Ethereum price shows that ETH is close to a key support level at $1,504. This is the midpoint of the $1,073 to $1,934 range created between July 2022 & October 2023. The next critical support level is the orderblock at $1,278 formed in mid-December 2022. This demand zone was followed by a 77% rally in under four months. Hence, a revisit of this level could see a strong buying pressure that could absorb the selling pressure. If the above two key levels fail to support ETH price, then the range low at $1,073 will be the final line of defense. Ethereum price prediction remains bearish so long as any of these levels absorb selling pressure and allow ETH bulls to form a base. ETH/USDT 1-week chart If Trump’s tariffs do not stop, then a selling frenzy could make all of the aforementioned support levels meaningless. However, there is one hope for cryptocurrency as Bitcoin is as an uncorrelated asset . If demand flows into BTC amid times of uncertainty, it could fuel Ethereum price recovery rally as well. The post Ethereum price Tags $1,500 As Global Stock Market Crash Triggers Circuit Breakers appeared first on CoinGape .
The post Why is Crypto Crashing Today? Over $800M Liquidated appeared first on Coinpedia Fintech News Markets crashed on Monday after President Trump announced major new tariffs. China hit back quickly, slapping 34% duties on all U.S. imports starting April 10. The rising tension has investors worried about a full-blown trade war. Bitcoin has now taken a sharp dive plunging over 10% to below $78,000 after President Donald Trump unveiled sweeping global tariffs. This comes despite his pro-crypto stance, including appointing supportive regulators and backing digital assets. But economic uncertainty is taking a toll on investor confidence, and many are now rethinking their positions as tariffs start to weigh heavily on the crypto market. In a massive market bloodbath, Bitcoin, Ethereum, Solana, and Dogecoin have plunged 6–12% today. With over $900 million in liquidations. analysts are beginning to question Bitcoin’s reputation as “digital gold” and a safe haven asset. Bitcoin is down 6.9% in the past 24 hours, now hovering at a key support level of $77,500. Trading volume has skyrocketed 220%, topping $44 billion, while BTC’s 24 hour liquidations have hit $322 million, according to Coinglass . With $77,500 acting as a crucial support on the charts, analysts warn that if BTC breaks below this level, a deeper correction could be on the way. Altcoins are taking a big hit. Ethereum (ETH) has crashed 13.5% to $1,550, now down over 53% this year. Investors fear it could drop to $1,100–$1,300, though whale activity shows some are buying the dip. XRP is down 14.5%, falling below $2, with a possible slide to $0.65. Solana has dropped 14% to $102, and Dogecoin is down 16% to $0.143, as the altcoin market faces heavy losses. Notably, despite the price swings, many long-term investors are staying confident. Bitwise CEO Hunter Horsley noted that as global trust breaks down and doing business across borders becomes harder, Bitcoin’s value as a neutral, decentralized, and borderless asset becomes more important. He remarked that Bitcoin’s place in the world has never been more valuable.
The post Nikkei 225, Nasdaq & Nifty 50 Fall as Chinese Stocks Tank, Crypto Feels the Heat appeared first on Coinpedia Fintech News The Chinese stock market opened earlier on Monday, April 7, with significant losses. The wider Asia stock market recorded palpable losses as more investors fled the highly volatile global equity market towards bonds and gold markets. For instance, the Shanghai Composite index had dropped around 6.34 percent to trade about 3,130.17 on Monday during the early Asian trading session. The Hang Seng Index in Hong Kong was heavily impacted by the ongoing stock market rout. At the time of this writing, the HSI had dropped around 10.70 percent to trade about 20,404. Expected Impact on Western Financial Markets After China retaliated against the U.S. tariff trade last week, the European Union is expected to announce its reciprocal tariffs this week. Although some nations have opted to negotiate with the United States, major economies are likely to follow in the footsteps of Beijing in the coming days. Consequently, the U.S. stock market is expected to take more hits later today, especially on major indexes led by the Dow, the S&P 500, and the Nasdaq. “Big Wall Street trading desks will be manned in time for tonight’s futures open. They are preparing for more selling, intense selling. But you also hear talk about “value” and how some really good stocks are “oversold.” But bearishness is clearly the overwhelming sentiment,” Charles Gasparino, a senior correspondent with FOX and NY Post noted . Impact on Crypto Industry The crypto market has experienced delayed impacts from the ongoing global trade wars, thus briefly earning a title for a reliable store of value. However, Bitcoin price dropped below the crucial support level of about $80k on Sunday, thus triggering nearly $1 billion in crypto liquidations, with $850M involving long traders. The wider crypto market will likely continue in bearish mode as fear leads more investors. Furthermore, on-chain data shows heavy liquidation of whale investors while others flee to the stablecoins market.
The bankruptcy estate of the defunct cryptocurrency exchange FTX has revealed that it will not be paying roughly $2.5 billion in claims to victims of its collapse as creditor repayments continue. According to a filing with the U.S. Bankruptcy Court for the District of Delaware, customers affected by the latest development are those who failed to commence their know-your-customer (KYC) verification process by the deadline, which passed a month ago. FTX Expunges Customer Claims The bankruptcy estate said it is disallowing and expunging claims belonging to users who did not start their KYC by March 3. The KYC commencing deadline was initially fixed for March 1 but eventually extended to March 3. Although the value of the unverified claims was initially estimated to be around $1 billion, FTX creditor activist Sunil Kavuri has disclosed a higher worth. He said claims less than $50,000 amount to $655 million, while those above $50,000 are up to $1.9 billion. The total number of customers affected by the expungement is above 392,000, and FTX filed their details in a document spanning 2,377 pages. While claims for users who have failed to start their KYC procedures have been disallowed, more customers are bound to face the same fate if they do not complete their identity verification processes by June 1. The bankruptcy estate insists that customers must submit the necessary KYC documents before receiving their claims. “Claims listed on Schedule 1 to the Order but not included on Exhibit A attached hereto may still be subject to disallowance if the holder of any such claim does not submit all KYC information requested by the FTX Recovery Trust or its KYC vendors on or prior to June 1, 2025, at 4:00 p.m. (ET),” the estate stated in the filing. Bankruptcy Estate Insists on Account Verification FTX’s customer repayments have been ongoing since January 3, 2025, with the estate intending to distribute between $12.6 billion and about $16.5 billion to users. As approved by the court, FTX customers are receiving cash based on the value of their crypto holdings at the time of the bankruptcy filing in November 2022. The entity’s interim CEO, John Ray, insisted that customer accounts need to be verified during the repayment process because the company’s former leadership did not conduct due diligence on users and failed to collect information about the source of funds. The post FTX Won’t Pay $2.5B in Customer Claims — Here’s Why appeared first on CryptoPotato .
On April 7th, COINOTAG News reported significant activity involving an Ethereum whale who recently divested 3,920 ETH, equating to approximately $5.77 million DAI. This transaction, completed within just five minutes,
A crypto token launched by MMA fighter and entrepreneur Conor McGregor failed to meet its fundraising target during a presale that concluded on April 6, prompting the developers to issue full refunds to participants. The $REAL token, developed by the Real World Gaming DAO (RWG), raised $392,315 in USDC over a 28-hour sealed-bid auction—less than 40% of its $1.008 million minimum raise and just over 10% of the $3.6 million fundraising goal. As per RWG’s announcement, 668 participants took part in the auction. We need to be real. We didn't hit our minimum raise. All bids will be refunded in full. This is not the end. — Real World Gaming (@getrealtoken) April 6, 2025 Developers Promise Full Refund The presale aimed to distribute 60 million $REAL tokens—3% of the total 2 billion supply—at a starting bid price of $0.06, valuing the project at a fully diluted $120 million. With the minimum threshold unmet, RWG confirmed all bids would be refunded. The token received notable backing from Conor McGregor , who promoted it to his combined following of nearly 57 million across X and Instagram. The project also claimed support from major Web3 firms including Animoca Brands and KuCoin Labs. Timing of Meme Coin Launch Coincides With Broader Market Meltdown Despite this backing, the launch occurred during a volatile market phase . The broader crypto sector faced sharp declines last week, with Bitcoin and U.S. equities both posting losses. Concurrently, meme coin activity continued to taper off after a series of high-profile controversies and fading investor interest. The $REAL project positioned itself as a utility token tied to RWG’s gaming and entertainment initiatives, with developers promising integration into McGregor’s personal brand ecosystem. However, skepticism from parts of the crypto community—especially online analysts—appeared to contribute to dampened enthusiasm. RWG said in a public statement that the effort is ongoing and that the failed presale does not mark the end of the project’s ambitions. Further plans or a revised strategy have not yet been announced. The post Conor McGregor’s REAL Token Launch Fails, Bidders to Get Refund appeared first on Cryptonews .
Solana started a fresh decline below the $112 support zone. SOL price is now consolidating and might struggle to stay above the $100 support zone. SOL price started a fresh decline below $112 support zone against the US Dollar. The price is now trading below $105 and the 100-hourly simple moving average. There was a break below a key contracting triangle with support at $118 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could accelerate lower if there is a break below the $100 support zone. Solana Price Dips Over 15% Solana price started a fresh decline below the $122 and $115 levels, like Bitcoin and Ethereum . SOL even declined below the $112 support level to enter a bearish zone. There was a break below a key contracting triangle with support at $118 on the hourly chart of the SOL/USD pair. The price declined over 15% and traded close to the $102 level. A low was formed at $102 and the price recently started a consolidation phase. The current price action is still very bearish below 23.6% Fib retracement level of the downward move from the $121 swing high to the $102 low. Solana is now trading below $105 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $105 level. The next major resistance is near the $112 level or the 50% Fib retracement level of the downward move from the $121 swing high to the $102 low. The main resistance could be $116. A successful close above the $116 resistance zone could set the pace for another steady increase. The next key resistance is $120. Any more gains might send the price toward the $125 level. Another Decline in SOL? If SOL fails to rise above the $105 resistance, it could start another decline. Initial support on the downside is near the $102 zone. The first major support is near the $100 level. A break below the $100 level might send the price toward the $92 zone. If there is a close below the $92 support, the price could decline toward the $84 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $102 and $100. Major Resistance Levels – $105 and $112.
SHANGHAI, April 7, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a rapidly expanding leader in Bitcoin mining, announced its production update for its crypto mining business for March 2025, highlighting significant growth in Bitcoin production. In March 2025, Cango produced a total of 530.1 Bitcoins, representing a 12% increase compared to 472.7 Bitcoins produced in February 2025. The average number of Bitcoins produced per day also rose to 17.1, up from 16.9 in the previous month. As of the end of March, Cango holds a total of 2,474.8 Bitcoins, an increase from 1,944.7 Bitcoins at the end of February. The Company’s deployed hashrate remained stable at 32 EH/s, while the average operating hashrate improved to 30.3 EH/s, up from 29.7 EH/s in February. “We are pleased to report these positive results as we continue to enhance our operations in the growing cryptocurrency market,” said Mr. Jiayuan Lin, Chief Executive Officer of Cango. “Our commitment to optimizing our mining capabilities is reflected in our production figures, and we look forward to further growth in the coming months.” Media Contact Juliet Ye Cango Inc. Tel: +86 21 3183 5088 ext.5581 Email: ir@cangoonline.com
Traders are scrambling to figure out if the sudden bitcoin price correction could escalate into a full-blown market crash...
CME's bitcoin futures, considered a proxy for institutional activity, gapped lower Monday in a sign of bearish sentiment after President Donald Trump ruled out a trade deal with China. The futures contract due to expire on the last Friday of April began trading at $79,590, down 5.6% from Friday's close of $84,250 and quickly descended to $76,800, CoinDesk data show. The losses came as Dow futures fell 900 points, Chinese stocks crashed, and the Japanese equity market slipped into lower circuit breakers as JPMorgan, S&P Global, and Goldman Sachs increased the probability of the U.S. falling into recession this year. On Sunday, Trump told reporters on Air Force One that he wanted to solve the trade deficit with China "and unless we solve that problem, I'm not going to make a deal." Trump added that world leaders are dying to make a deal. Last week, the President announced sweeping tariffs on 180 nations, boosting the total levy on China to 54%. Since then, financial markets have wilted, which the President thinks is the necessary medicine to solve the problem. "I don't want anything to go down, but sometimes you have to take medicine to fix something," Trump said. Open interest slides on CME Open interest in the CME futures peaked in December at 281.57 BTC and has since declined to 140.5K, the lowest since August 2024, according to data source Coinglass . It's a sign of money leaving the digital assets space, perhaps in anticipation of a deeper price swoon. Meanwhile, global futures and perpetual futures open interest, excluding CME, has increased from roughly 400K BTC to 520 BTC in the past four weeks. An increase in open interest alongside a price drop is said to confirm the bearish trend, indicating that traders are building short positions in a falling market.