Bitcoin’s recent volatility has caught the attention of traders, as market sentiment fluctuates amidst a notable price correction. The cryptocurrency landscape has been marked by uncertainty, with Bitcoin grappling to
Two major Solana (SOL) whales withdrew over 95,000 SOL from Binance in the space of two hours, according to on-chain data from Lookonchain. The withdrawals came after a major announcement by CME Group regarding Solana futures trading. According to Lookonchain observations: The AHdUMw…qMnj wallet withdrew 54,544 SOL (approximately $7.46 million) from Binance two hours ago. The 7i6FUR…kp5J wallet withdrew 41,096 SOL (approximately $6.96 million) from Binance an hour ago. The whale activity appears to be a reaction to CME Group’s announcement that it plans to launch futures contracts on Solana on March 17, 2025. CME, a leading global derivatives market, plans to launch two types of Solana futures contracts: A standard contract representing 500 SOL. A micro-scale contract representing 25 SOLs. “We are responding to increasing client demand for a broader set of regulated products to manage cryptocurrency price risk,” said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME. Related News: Chinese Company Can't Keep Up With Demand for Mining Devices in This Altcoin After Trump Wins Election If approved, the launch of Solana futures could pave the way for Solana-related exchange-traded funds (ETFs). Firms such as VanEck, 21Shares and Franklin Templeton have already filed for spot Solana ETFs with the U.S. Securities and Exchange Commission (SEC), with the earliest filings set for June 2024. Industry experts suggest the SEC may want to observe several months of trading activity in a regulated Solana futures market before granting ETF approvals. The launch of CME’s futures contracts “significantly increases” the likelihood of ETF approval, said Sui Chung, CEO of CF Benchmarks. Nate Geraci, President of The ETF Store, noted that CME’s Solana futures will be cash-settled, which is seen as a positive factor for ETF applications. The futures will be based on the CME CF Solana USD Reference Rate, which is used as the reference for daily SOL/USD pricing and is calculated each day at 4:00 p.m. London time. *This is not investment advice. Continue Reading: Two Big Whales are on the Move After Recent Developments in This Altcoin: They Moved a Large Amount of Coins from the Exchange to Their Cold Wallets
As reported by COINOTAG News on March 1st, **on-chain analysis** has revealed a significant move in the **cryptocurrency market**. A trader identified as “Set Ten Big Goals First” executed a
Crypto traders expect Bitcoin price to remain choppy in the short term as a new range must be established after this week’s double-digit drawdown.
On March 1st, COINOTAG News reported a significant advance in the cryptocurrency landscape as Bitlayer, a notable player in the Bitcoin Layer 2 ecosystem, established strategic alliances with five prominent
U.S. debt ceiling increase raises mixed signals in financial markets. Continue Reading: Economic Uncertainty Signals Challenges for Financial Markets The post Economic Uncertainty Signals Challenges for Financial Markets appeared first on COINTURK NEWS .
U.S. President Donald Trump will host a crypto summit on March 7, the White House announced. White House Crypto and AI Czar David Sacks and Bo Hines, the executive director of a working group on digital assets, will run the meeting, though Trump will speak at the summit, a late Friday press release said. "Attendees will include prominent founders, CEOs, and investors from the crypto industry, as well as members of the President's Working Group on Digital Assets," the release said. The summit will come just about a month after Sacks, alongside congressional leaders, gave his first public remarks as Trump's crypto czar. "We want to keep that innovation onshore in the U.S.," he said at the Feb. 4 press conference. "Financial assets are destined to become digital, just like every analog industry has become digital, and we want that value creation to happen in the United States, rather than giving it away to other countries." The White House did not name the summit's other attendees. Friday's announcement ends a busy week for the crypto industry. Earlier in the day, a federal judge signed off on the Securities and Exchange Commission's motion to withdraw its case against Coinbase. Joe Lubin, the CEO of Ethereum incubator ConsenSys, and Cameron Winklevoss, the co-founder of exchange Gemini, both said earlier in the week that the SEC informed their respective companies that it would shutter its investigations into those firms. The SEC also filed to pause its case against the Tron Foundation and founder Justin Sun. "After the previous administration unfairly prosecuted the digital asset space, President Trump's policy vision represents a new era for digital financial technology," the press release said. "The administration is committed to providing a clear regulatory framework, enabling innovation and protecting economic liberty."
Ethereum price closed trading at $2,200 mark on Friday, closing February 2025 with 33% losses. On-chain data suggests Ethereum ETFs influence on the market downtrend could intensify as fresh altcoin ETF approvals edge closer. Ethereum (ETH) Declines 33% in February 2025 Ethereum (ETH) experienced intense selling pressure throughout February, reflecting broader bearish sentiment in financial markets. While major altcoins like XRP and Solana gained momentum following progress in their respective ETF filings, ETH price has struggled to retain investor interest. Ethereum Price Forecast ETH price chart above highlights a significant downturn, with ETH losing over 22% this week alone. The price tumbled from $2,800 on Monday to close near $2,220 on Friday. Zooming out, Ethereum’s closing price of $2,220 represents a staggering 33% decline from its February 1 opening price of $3,200. Ethereum ETFs See $300M Outflows as Traders Rotate to LTC, SOL ETFs Ethereum ETFs have seen a relentless wave of outflows, with institutional investors pulling over $300 million in the past seven trading days. The selling spree, which began last week, has now extended into this week, marking a period of sustained capital flight from ETH-based funds. A detailed breakdown of the outflows according to Fairdside data shows that February 26 witnessed the largest single-day withdrawal at $94.3 million. The preceding days also recorded heavy selling: February 24: $78 million February 25: $50.1 million February 27: $71.2 million No ETF inflows were recorded throughout this week, making it the first week in 2025 where Ethereum ETFs saw only outflows. This trend suggests institutional investors are either reallocating capital or hedging against further downside risk in ETH. Ethereum (ETH) ETFs Flows Feb 2025 | Source: SosoValue The persistent selling pressure has aligned with Ethereum’s sharp price decline, with the asset falling 22% this week and extending its monthly losses to 33%. Market analysts attribute the downturn to a combination of macroeconomic uncertainty and shifting investor focus toward alternative crypto ETFs. Rival Layer-1 altcoin projects such as Litecoin and Solana have gained momentum. Bitwise has filed for an Aptos ETF , while CME Group is moving forward with Solana futures ETFs. With Polymarket odds suggesting a 90% chance of LTC ETF approval, capital rotation away from Ethereum appears to be accelerating. Unless ETH sees renewed institutional interest, continued ETF redemptions could reinforce its bearish trend in the coming weeks. Investors Eye Alcoin ETFs Amid Ethereum Uncertainty Ethereum’s ETF exodus coincided with increasing traction for alternative cryptocurrency ETFs. Recent SEC filings indicate a growing interest in Litecoin (LTC) and Solana (SOL) ETFs, driving speculation about near-term approvals. Key developments include: Bitwise’s Aptos ETF Filing : This filing intensified investor interest in newer blockchain projects. Polymarket Betting on Litecoin ETF Approval : Forecast markets currently price a 90% probability of an LTC ETF gaining SEC approval. CME Group’s Solana ETF Speculation : The derivatives giant’s move toward Solana futures suggests growing institutional interest in SOL-based ETFs. These developments hint at a potential reallocation of capital from Ethereum ETFs to emerging crypto ETFs, as traders seek higher growth opportunities. Ethereum price action remains under pressure amid heavy ETF redemptions and shifting investor interest toward alternative assets. While the final trading day of February saw a net ETF inflow, the prior weeks’ sell-off underscores the broader uncertainty surrounding Ethereum’s network and market positioning. With institutional traders pivoting toward Litecoin and Solana ETFs, Ethereum’s dominance in crypto ETF markets could face increased competition. The coming weeks will be crucial in determining whether ETH price can regain upward momentum or if capital rotation into alternative crypto ETFs will persist. Ethereum Price Forecast: Bulls Face Deeper Correction Risks if $2,200 Support Caves Ethereum price forecast charts suggests further downside risk as the market struggles to reclaim lost ground following a decisive breakdown. The chart shows ETH trading within the Donchian Channel’s lower band, signaling persistent selling pressure. The Relative Strength Index (RSI) sits at 29.53, confirming oversold conditions, yet the lack of a strong rebound implies that bearish momentum remains dominant. Ethereum Price Forecast A bullish scenario requires ETH to defend the $2,200 level, where minor accumulation appears. If buyers step in, a move toward the midline of the Donchian Channel at $2,466.80 becomes possible, aligning with prior resistance. A bearish continuation would see ETH lose $2,200, exposing $2,076 as the next target. Failing to hold there could accelerate selling toward $2,000. The declining RSI below its signal line suggests weak buyer commitment. Until ETH decisively reclaims resistance, the trend remains bearish despite oversold conditions. The post Ethereum Price Analysis: Traders Pull $300M from ETH ETFs as CME Group hints Solana listing appeared first on CoinGape .
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The post Cardano (ADA) Price Prediction for March 1, 2025 appeared first on Coinpedia Fintech News While the crypto market sees a broad recovery, Cardano (ADA) remains stuck below a key resistance. As of today, March 1, 2025, ADA has gained 2% and is currently trading near $0.63, fluctuating within a tight range between $0.625 and $0.64. Cardano (ADA) Short-Term Price Analysis With modest upside momentum, ADA is still trading below its key level of $0.65. Over the past 24 hours, the price attempted to rally but failed to gain traction. According to expert technical analysis, ADA remains in a bearish zone, continuing to trade below the critical $0.65 level. Despite these factors, if the asset breaks out of its ongoing consolidation and closes four consecutive candles above $0.6425, there is a strong possibility it could soar by 5.50%, reaching the $0.67 level. Source: Trading View Additionally, if the asset fails to breach the upper boundary of consolidation and closes a daily candle below the $0.62 mark, ADA could see a 7% price drop to $0.58, with the potential for further decline. Bullish On-Chain Metrics Looking at the current market sentiment, it appears that bulls are returning to support the asset. Amid this, traders and investors have been engaging in bullish activity, as reported by the on-chain analytics firm Coinglass. Over-Leveraged Levels Data from Coinglass reveals that ADA traders betting on long positions are over-leveraged at $0.618, holding $5.90 million worth of long positions. Meanwhile, $0.645 is another over-leveraged level, where traders betting on short positions have built $3.67 million worth of positions. Source: Coinglass When combining these on-chain metrics, it appears that a shift in market sentiment has begun. This notable participation on the bullish side could push ADA in an upward direction. $14.65 Million Worth of ADA Outflow Meanwhile, investors and long-term holders have been accumulating tokens during the same period, as reported by the on-chain analytics firm Coinglass. Data from spot inflow/outflow reveals that exchanges have witnessed a significant outflow of $14.65 million worth of ADA tokens. When examining these on-chain metrics alongside technical analysis, it appears that investors and traders are driving the asset toward a rally, aiming to regain the crucial $0.65 level.