Both whale groups have a high appetite for risk towards XRP, possibly betting on a price increase in the coming weeks or months.
According to CryptoQuant data, the cross-border money transfer token has seen a significant decline in exchange flows. At the beginning of the year, exchange flows peaked at 2.7 billion XRP, but have since dropped significantly, with only 74 million XRP flowing to exchanges on Monday. Binance, the largest exchange by daily trading volume, experienced the largest decline, especially around February. This ongoing decline suggests that investors are optimistic about the potential of XRP and are choosing to hold the asset for a longer period, alleviating selling pressure.
However, the significant drop in the number of active addresses on the XRP ledger over 24 hours from the annual local peak of around 612,000 on March 19 to around 36,000 as of April 17 is noteworthy. This indicates that fewer unique addresses are interacting with the network (sending or receiving XRP) and reflects a decrease in network activity.
If this downward trend continues, traders may want to adapt to the declining transaction volume, which weakens bullish momentum and reduces market sentiment. Therefore, there is a need to prepare for all outcomes to avoid surprises due to sudden price movements.
XRP price is caught between a rock and a hard place.
Ethereum, which is symbolized in the cryptocurrency market as $ETH , is the second most popular cryptocurrency after Bitcoin. It is even in second place after it in terms of market value so far, and its idea is developed and modernized, aiming to be much more than just a digital currency or a means of payment. It is considered a decentralized network built on blockchain technology used to store data and run decentralized applications, with continuous development and improvement that may allow it to take Bitcoin's place one day.
In this article, we will try to identify the following point:
Who invented Ethereum?
Unlike the unknown inventor of Bitcoin, the inventor of Ethereum is known, and he is "Vitalik Buterin," a Russian-Canadian writer and programmer who has been involved in the Bitcoin community since 2011 and contributed to the founding and writing articles for Bitcoin Magazine. He is primarily known as the person behind Ethereum, a blockchain platform that acts as a global computer for decentralized applications, or what is abbreviated as DApps.
Buterin traveled around the world for six months in 2013 to talk with Bitcoin (BTC) developers. He understood that he could create a new version, perhaps superior through other features to Bitcoin. To explain this idea, Buterin linked Bitcoin to a calculator and the future blockchain.
Ethereum is facing the risk of dropping to $1000 amid selling pressure from DeFi liquidation.
Today's Ethereum Price
Short-term Ethereum holders have led the recent selling activity, incurring losses exceeding $500 million on Monday.
The increasing DeFi liquidation could accelerate Ethereum's decline and lead to further liquidations.
Ethereum could drop to $1000 if it breaks the lower limit of the descending channel.
Ethereum (ETH) has suffered a collapse of over 27% over the past 48 hours, briefly dipping to a two-year low of $1410 before regaining the $1500 level on Monday. According to Coinglass data, the decline triggered a liquidation of $257.87 million in the Ethereum derivatives market during this period.
On-chain data also shows that most investors are capitulating, leading to realized losses for Ethereum exceeding $500 million, according to Santiment. Most of the recent selling activity comes from coins purchased last month, highlighting the strong reaction of short-term holders to downward price movements.
Moreover, coins aged between one to two years are joining the sell-off but at a moderate pace.
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Ethereum is a decentralized blockchain platform based on smart contracts, allowing developers to create and deploy decentralized applications (DApps). Ether (ETH) is the native digital currency of the Ethereum network, and it is considered the second largest cryptocurrency with a market value exceeding $370 billion.
The cryptocurrency industry is attracting increasing global interest from market participants, and this interest translates into continuous liquidity flows and a growing popularity of digital currencies, including Ethereum. Many reliable analysts express confidence in the ability of ETH to grow in the future. The Ethereum blockchain hosts many deployed applications, in addition to new projects under development, and the launch of ETH 2.0 has significantly increased interest in this currency.
This article reviews the market potential of the Ethereum currency based on expert forecasts, and it provides a comprehensive fundamental and technical analysis of it.
In 2009, a new era began in the field of financial transactions, with the launch of Bitcoin as a digital currency. According to the beginning of the history of financial transactions with Bitcoin, the first transaction was made between the unknown currency creator to this day, known as 'Satoshi Nakamoto', who conducted a financial transaction for another person and transferred 10 Bitcoins to him, and the other person was one of the currency developers, at which time its value was approximately zero dollars.
Initially, Bitcoin was unknown, but over time, it gained price and value, and over the years, this development increased, because Bitcoin itself was created using decentralized blockchain technology, which is different from the digital currencies currently created by countries, governments, and financial systems prevalent today. The encryption of Bitcoin relies on a decentralized network of computers, making it almost impossible to manipulate or counterfeit.
What is blockchain technology?
Before we understand the relationship between blockchain technology and Bitcoin, we must understand the idea of blockchain itself. This technology is primarily based on decentralized encryption, meaning there is no central point accessible that allows anyone to manipulate the information protected by this technology. You can imagine blockchain technology as a decentralized bank account, where no one can know the location or status of this account except the account owner himself.
U.S. President Donald Trump criticized the Russian bombing of the Ukrainian capital, Kyiv, today, Thursday, calling on his Russian counterpart, Vladimir Putin, to stop it.
Trump said to Putin, in a post on a social media platform - after Russia bombed the capital Kyiv with missiles and drones, resulting in casualties during the night - saying "Vladimir.. stop!".
Trump added in his post, "I am not happy with the Russian strikes on Kyiv, they were unnecessary, and their timing is very bad," this follows his statement yesterday that Ukrainian President (Volodymyr Zelensky) is obstructing peace talks to end the war in his country.
This comes as the Financial Times revealed the outlines of a U.S.-Russian peace agreement proposed by the Trump administration that includes recognition of Russia's sovereignty over Crimea, in a move that threatens to create divisions within NATO and the European Union.
The newspaper clarified that the U.S. special envoy, Steve Witkoff, in his fourth visit to the Kremlin, presented outlines for an agreement that includes Washington's recognition of Moscow's sovereignty over Crimea, and the exclusion of Ukraine's membership in NATO.
The current price of Bitcoin is around $93,300, but is it possible for it to reach $500,000?
The answer: Yes, this is possible. Over a long time frame, it is very likely to happen, and you can own Bitcoin during that leap if you wish.
The Motley Fool website, in a report reviewed by "Al Arabiya Business", presents the reason why this huge increase is more likely than some think.
To understand why the price of Bitcoin could rise significantly in the coming years, it is essential to grasp a fundamental element of economics, along with a unique characteristic that Bitcoin itself possesses.
The price of Bitcoin, like all cryptocurrencies, is determined by the balance between supply and demand in the open market. When buyers want to own the currency, they pay a slightly higher price than the current price to ensure they get it instead of leaving the opportunity for others. Conversely, when sellers want to liquidate their holdings, they accept a slightly lower price to ensure a quick conversion of Bitcoin to cash.
The other influencing factor here is supply and demand. If the supply of the currency is fixed, as is the case with Bitcoin, which is mined at a specific rate, the price will not change as long as demand remains at the same level and sellers are willing to sell similar amounts.
Invitations are individual and non-transferable, and guests are not allowed.
This is what Trump said.
Although the invitation includes the dinner event, all other costs, including travel, accommodation, and personal expenses, are the responsibility of the invitees.
All attendees will also be subjected to strict security procedures, including thorough background checks and linking identity to the digital wallet.
The currency reacted positively and increased in price, soaring over 70% in a single day, from $9.3 to $16 immediately after the announcement.
At the time of writing this article, the currency is trading near the $13 level, with an estimated increase of about 33% over the past 24 hours, according to "CoinGecko" data.
Despite the media and community momentum, the project faces widespread criticism from some members of the cryptocurrency community and lawmakers, who have expressed concerns about the lack of regulatory oversight and potential compliance issues.
The digital currency, which peaked at a market value of $8 billion, has currently dropped to about $2.7 billion, amid sharp fluctuations reflecting the speculative nature of the project.
Subscribe now to find out what stocks are trading below their fair value right now Subscription is free Ethereum bulls target $1,800 By Investing.com Author Junai Kaims Published 23/04/2025, 09:38 Ethereum bulls target $1,800 DX 0.71%
Bitcoin US Dollar 2.61%
Ethereum Bitcoin 2.89%
BTC/USD 2.60%
ETH/USD 5.84%
Ethereum is suffering from increased selling by major institutions and declining network activity. Investor focus is shifting towards Bitcoin as the value of Ethereum against Bitcoin ETH/BTC reaches its lowest level in five years. Key developments, such as approval for custody, could be pivotal in the potential recovery of Ethereum. Are you looking for actionable trading ideas to navigate the current market volatility? Subscribe here for access to AI-selected winning stocks from InvestingPro.
Ethereum has seen some recovery earlier in April, but since mid-month, the coin has struggled at the $1,600 level. The largest altcoin faces challenges due to selling by major investors and reduced usage activity, making it unable to replicate Bitcoin's positive momentum.
Institutional selling pressures the digital currency
The recent weak performance of Ethereum prices is largely attributed to the actions of major investors. Reports have revealed that three major entities. $ETH
Trump softens his rhetoric on the Fed and tariffs;
and boosts risk appetite
This jump came after U.S. President Donald Trump backed away from his recent threats to fire Federal Reserve Chairman Jerome Powell, a move that raised concerns among investors about the central bank's independence and led to a decline in the U.S. dollar.
Trump also indicated the possibility of easing trade tariffs on China, sparking hopes for more stable economic forecasts.
Trump emphasized that the United States is "doing well with China" and other countries.
Bitcoin, known for its volatility, has been trading within a narrow range for weeks amid uncertainty about U.S. monetary policy and mixed macroeconomic background.
However, Wednesday’s move reflects renewed confidence that a less aggressive trade stance from the White House could support asset prices.
Stephen Wendecky, Director of Strategy and Revenue at Algoz Digital Asset Quantitative Investment, told Investing.com: "There’s no doubt that the dollar's weakness stemming from the Trump administration’s attack on the Fed, particularly President Powell, has contributed to Bitcoin's rise this week, but that’s just one catalyst."
"The appointment of Paul Atkins as Chairman of the Securities and Exchange Commission and his pro-crypto stance is another catalyst encouraging investors.
Currency #PEPE was my beginning in the trading world. Although I lost, the loss was a valuable learning experience, and here I am, thank God, knowledgeable and working very well in the trading world with God's grace and hard work. Despite the many opinions about the future of the currency, I see it having a medium to low future due to the lack of technical fundamentals.
Experts' forecasts for currency #PEPE until 2030 vary greatly, given its nature as a meme currency that relies more on community momentum than on technical fundamentals. Here is a summary of the main forecasts:
Binance provides a more conservative forecast, expecting the price to reach $0.00001 by 2030.
In summary:
While some forecasts suggest that #PEPE could achieve significant gains by 2030, the lack of technical fundamentals makes it a high-risk investment. If you are considering investing in it, do so with caution and be prepared to bear potential losses.
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The Gulf countries are characterized by caution towards cryptocurrencies due to some security concerns as well.
As for Jordan and Iraq, they have warned about the risks associated with them while expressing interest in blockchain technologies. Both Egypt and Morocco have imposed strict bans due to fears of money laundering, with indications that this ban may be reviewed in the future.
The lack of clarity and weakness in oversight and legislation remains a dominant issue before adopting cryptocurrencies in the Arab region. In this regard, Kamil Al-Sari states that China has taken a strong stance against Bitcoin, refusing to recognize it as it poses a threat to its economy and does not serve its global trade interests.
As for the European Union, Al-Sari pointed out that it resembles the Chinese stance, as it seeks to protect its currency, the euro, from the random speculation of Bitcoin and to focus on the role of the central bank in achieving economic stability.
On the other hand, Al-Sari mentioned that El Salvador has officially recognized Bitcoin as legal tender, but this decision has faced numerous criticisms due to its weak economy and limited reliance on it. $BTC
Trump always deliberately maintains ambiguity as part of his deal-making skills, according to his supporters, so no one knows for sure whether he really wants to sever trade ties with China to deprive it of the benefits of the global trading system, or if he wants to restructure the system itself, or if the imposition of tariffs is merely a negotiating tool to reach trade agreements that serve his country's interests, similar to the trade agreement with China in 2020.
However, what is certain is that the rapid escalation has brought the trade war to a point where it is unlikely to reach an agreement in the near term, despite the pain that both countries' trade and economic conditions will endure, as both sides have become stuck in a confrontational path likely to escalate further.