Ghosty15
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#TradeWarEases Bitcoin Soars Past $103K as US and China Announce Tariff Cuts to 30% and 10%
Bitcoin’s (BTC) price surged past the $103,000 mark Monday, from bullish momentum that analysts believe may carry the asset toward a new all-time high (ATH). This powerful Bitcoin rally is directly fueled by a joint statement released in Geneva.
The statement confirms the United States (US) and China have agreed to temporarily slash tariffs on each other’s goods. Effective by May 14 for 90 days, US levies on Chinese goods will drop from 145% to 30%, while Chinese duties on US goods will decrease from 125% to 10%.
Cooling US-China Trade Tensions Boost Risk Asset Appeal
This US-China trade agreement aims to cool escalating trade tensions and allow critical time for further negotiations. US Treasury Secretary Scott Bessent highlighted a mutual disinterest from both nations in complete economic decoupling.$BTC
#Write2Earn
Bitcoin’s (BTC) price surged past the $103,000 mark Monday, from bullish momentum that analysts believe may carry the asset toward a new all-time high (ATH). This powerful Bitcoin rally is directly fueled by a joint statement released in Geneva.
The statement confirms the United States (US) and China have agreed to temporarily slash tariffs on each other’s goods. Effective by May 14 for 90 days, US levies on Chinese goods will drop from 145% to 30%, while Chinese duties on US goods will decrease from 125% to 10%.
Cooling US-China Trade Tensions Boost Risk Asset Appeal
This US-China trade agreement aims to cool escalating trade tensions and allow critical time for further negotiations. US Treasury Secretary Scott Bessent highlighted a mutual disinterest from both nations in complete economic decoupling.$BTC
#Write2Earn
$ETH
Could Bitcoin and Ethereum face a potential liquidation crisis? Detailed Examination…
Bitcoin (BTC) and Ethereum (ETH) have been on a bullish run, leading to a massive liquidation of nearly $1 billion on May 8th. The majority of this, around 80%, came from short positions, causing a significant market shakeup.
Market Uncertainty Remains
Although the bullish wave has been strong, there are indications it may not be the end for the bears. Both Bitcoin and Ethereum are currently in overbought territory, a place where momentum typically stalls and tactical shorts begin to circle.
Recent data from Coinglass revealed that 139,241 traders were liquidated in 24 hours, with total liquidations amounting to $328 million. Interestingly, despite the bullish trend, longs were the ones who took a larger hit, losing $170 million. This kind of market activity is characteristic of late-stage volatility.
Technical Indicators Flashing Red
With Bitcoin and Ethereum sitting above key resistance-turned-support levels, the market is at a crucial turning point. Momentum indicators are warning of caution; both the Relative Strength Index (RSI) and On-Balance Volume (OBV) are indicating a potential slowdown.
Simultaneously, Open Interest (OI) has increased by 1.25% to $137.44 billion, suggesting that leveraged exposure is back in play. However, this isn’t necessarily a bullish sign. With thinning bid walls, this spike in OI could set the stage for a liquidation cascade if support weakens.
The market’s next move depends largely on how smart money is deployed. Whale activity at these levels usually signals either a distribution trap or a controlled consolidation above supply. Either way, order books are set to be tested.
If the bulls stumble at this stage, the market could be looking at a cascading unwind, potentially leading to a reversal of the $1 billion in short liquidations seen earlier this week.
$ETH
#BTCtrade
$BTC
Could Bitcoin and Ethereum face a potential liquidation crisis? Detailed Examination…
Bitcoin (BTC) and Ethereum (ETH) have been on a bullish run, leading to a massive liquidation of nearly $1 billion on May 8th. The majority of this, around 80%, came from short positions, causing a significant market shakeup.
Market Uncertainty Remains
Although the bullish wave has been strong, there are indications it may not be the end for the bears. Both Bitcoin and Ethereum are currently in overbought territory, a place where momentum typically stalls and tactical shorts begin to circle.
Recent data from Coinglass revealed that 139,241 traders were liquidated in 24 hours, with total liquidations amounting to $328 million. Interestingly, despite the bullish trend, longs were the ones who took a larger hit, losing $170 million. This kind of market activity is characteristic of late-stage volatility.
Technical Indicators Flashing Red
With Bitcoin and Ethereum sitting above key resistance-turned-support levels, the market is at a crucial turning point. Momentum indicators are warning of caution; both the Relative Strength Index (RSI) and On-Balance Volume (OBV) are indicating a potential slowdown.
Simultaneously, Open Interest (OI) has increased by 1.25% to $137.44 billion, suggesting that leveraged exposure is back in play. However, this isn’t necessarily a bullish sign. With thinning bid walls, this spike in OI could set the stage for a liquidation cascade if support weakens.
The market’s next move depends largely on how smart money is deployed. Whale activity at these levels usually signals either a distribution trap or a controlled consolidation above supply. Either way, order books are set to be tested.
If the bulls stumble at this stage, the market could be looking at a cascading unwind, potentially leading to a reversal of the $1 billion in short liquidations seen earlier this week.
$ETH
#BTCtrade
$BTC
#ETHCrossed2500 Ethereum Surges to $2,600, Marking 38% Weekly Gain
Key Takeaways:
ETH hits $2,600, marking a 38% weekly gain.
Trading volumes surged 35% on major exchanges.
Institutional interest boosts Ethereum's market capitalization.
Ethereum Surges to $2,600, Marking 38% Weekly Gain
Ethereum soared to $2,600 on May 11, 2025, achieving a significant 38% weekly gain. Market analysts attribute the surge to heightened trading volumes across major exchanges.
Ethereum's price leap signifies bullish momentum, driven by strong trading activity and institutional investment interest, impacting its market position and capital flow.
The recent spike in Ethereum's value to $2,600 reflects a marked increase of over 38% within the past week. A key catalyst has been the heightened trading volume, which increased by over 35% on exchanges like Binance and Coinbase.
Notable cryptocurrency influencers, including Crypto Rover, highlighted Ethereum's price rise with a potential historical precedent. "The $2,500-$2,600 range has historically served as a key psychological level that can act either as a springboard for further gains or as a resistance zone where profit-taking occurs."
Institutional interest is reportedly boosting the price further, as seen in Ethereum's market capitalization surpassing $300 billion.
The rapid surge has reverberated through the market, with Ethereum's dominance rising to over 18% and impacting other cryptocurrencies. Analysts note that such movements demonstrate increasing confidence in Ethereum.
Financial implications include Ethereum's trading volume hitting $12.3 billion in 24 hours, driven by investor enthusiasm. Further, the Ethereum blockchain recorded over 120,000 transactions in just a few hours, signaling active investor engagement.
Ethereum's rally has raised questions about potential future price targets, amidst historical comparisons with previous price patterns. Continuous technological development, including updates like "Pectra", is expected to sustain investor interest and drive Ethereum's growth further.
Key Takeaways:
ETH hits $2,600, marking a 38% weekly gain.
Trading volumes surged 35% on major exchanges.
Institutional interest boosts Ethereum's market capitalization.
Ethereum Surges to $2,600, Marking 38% Weekly Gain
Ethereum soared to $2,600 on May 11, 2025, achieving a significant 38% weekly gain. Market analysts attribute the surge to heightened trading volumes across major exchanges.
Ethereum's price leap signifies bullish momentum, driven by strong trading activity and institutional investment interest, impacting its market position and capital flow.
The recent spike in Ethereum's value to $2,600 reflects a marked increase of over 38% within the past week. A key catalyst has been the heightened trading volume, which increased by over 35% on exchanges like Binance and Coinbase.
Notable cryptocurrency influencers, including Crypto Rover, highlighted Ethereum's price rise with a potential historical precedent. "The $2,500-$2,600 range has historically served as a key psychological level that can act either as a springboard for further gains or as a resistance zone where profit-taking occurs."
Institutional interest is reportedly boosting the price further, as seen in Ethereum's market capitalization surpassing $300 billion.
The rapid surge has reverberated through the market, with Ethereum's dominance rising to over 18% and impacting other cryptocurrencies. Analysts note that such movements demonstrate increasing confidence in Ethereum.
Financial implications include Ethereum's trading volume hitting $12.3 billion in 24 hours, driven by investor enthusiasm. Further, the Ethereum blockchain recorded over 120,000 transactions in just a few hours, signaling active investor engagement.
Ethereum's rally has raised questions about potential future price targets, amidst historical comparisons with previous price patterns. Continuous technological development, including updates like "Pectra", is expected to sustain investor interest and drive Ethereum's growth further.
#TrumpTaxCuts Trump floats income tax cut to ease tariff impact
BY SARAH FORTINSKY 04/27/25 10:56 PM ET
President Trump speaks to reporters before boarding Marine One on the South Lawn of the White House in Washington on April 25, 2025.
President Trump floated a new income tax cut on Sunday as a way to mitigate the impact of his sweeping tariffs, which polls show Americans increasingly believe will lead to higher prices.
“When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated,” Trump wrote in a post on his Truth Social platform on Sunday.
“Focus will be on people making less than $200,000 a year,” he continued.
Trump defended the strategy behind his steep tariffs in his post, maintaining “massive numbers of jobs are already being created, with new plants and factories currently being built or planned. It will be a BONANZA FOR AMERICA!!! THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!”
BY SARAH FORTINSKY 04/27/25 10:56 PM ET
President Trump speaks to reporters before boarding Marine One on the South Lawn of the White House in Washington on April 25, 2025.
President Trump floated a new income tax cut on Sunday as a way to mitigate the impact of his sweeping tariffs, which polls show Americans increasingly believe will lead to higher prices.
“When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated,” Trump wrote in a post on his Truth Social platform on Sunday.
“Focus will be on people making less than $200,000 a year,” he continued.
Trump defended the strategy behind his steep tariffs in his post, maintaining “massive numbers of jobs are already being created, with new plants and factories currently being built or planned. It will be a BONANZA FOR AMERICA!!! THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!”
#XRPETF
A Potential Catalyst for Future ETF Approvals
Brazil’s move may also serve as a critical catalyst for other countries considering similar initiatives. As XRPH11 gains traction and demonstrates operational success, it will provide a concrete example of how spot cryptocurrency ETFs can coexist within regulated financial markets without introducing excessive systemic risk.
If XRPH11 proves successful — attracting strong inflows and maintaining operational stability — it could bolster the case for spot XRP ETFs elsewhere. This development could also exert additional pressure on regulators in markets like the United States to reconsider their current stances on cryptocurrency-based financial products.
The launch of XRPH11, the world’s first spot XRP ETF, represents a watershed moment not just for XRP but for the future of crypto-based financial products globally. Thanks to Brazil’s leadership and the momentum created by announcements from influencers like Amelie, the world is witnessing a major step toward greater integration between traditional finance and the digital economy.
A Potential Catalyst for Future ETF Approvals
Brazil’s move may also serve as a critical catalyst for other countries considering similar initiatives. As XRPH11 gains traction and demonstrates operational success, it will provide a concrete example of how spot cryptocurrency ETFs can coexist within regulated financial markets without introducing excessive systemic risk.
If XRPH11 proves successful — attracting strong inflows and maintaining operational stability — it could bolster the case for spot XRP ETFs elsewhere. This development could also exert additional pressure on regulators in markets like the United States to reconsider their current stances on cryptocurrency-based financial products.
The launch of XRPH11, the world’s first spot XRP ETF, represents a watershed moment not just for XRP but for the future of crypto-based financial products globally. Thanks to Brazil’s leadership and the momentum created by announcements from influencers like Amelie, the world is witnessing a major step toward greater integration between traditional finance and the digital economy.
#xrpetfnews
A Potential Catalyst for Future ETF Approvals
Brazil’s move may also serve as a critical catalyst for other countries considering similar initiatives. As XRPH11 gains traction and demonstrates operational success, it will provide a concrete example of how spot cryptocurrency ETFs can coexist within regulated financial markets without introducing excessive systemic risk.
If XRPH11 proves successful — attracting strong inflows and maintaining operational stability — it could bolster the case for spot XRP ETFs elsewhere. This development could also exert additional pressure on regulators in markets like the United States to reconsider their current stances on cryptocurrency-based financial products.
The launch of XRPH11, the world’s first spot XRP ETF, represents a watershed moment not just for XRP but for the future of crypto-based financial products globally. Thanks to Brazil’s leadership and the momentum created by announcements from influencers like Amelie, the world is witnessing a major step toward greater integration between traditional finance and the digital economy.
As XRPH11 begins trading and the market responds, all eyes will be on how this pioneering ETF reshapes investment dynamics and influences regulatory discussions around the world. One thing is certain — XRP’s journey into mainstream finance has taken a bold, historic leap forward.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
A Potential Catalyst for Future ETF Approvals
Brazil’s move may also serve as a critical catalyst for other countries considering similar initiatives. As XRPH11 gains traction and demonstrates operational success, it will provide a concrete example of how spot cryptocurrency ETFs can coexist within regulated financial markets without introducing excessive systemic risk.
If XRPH11 proves successful — attracting strong inflows and maintaining operational stability — it could bolster the case for spot XRP ETFs elsewhere. This development could also exert additional pressure on regulators in markets like the United States to reconsider their current stances on cryptocurrency-based financial products.
The launch of XRPH11, the world’s first spot XRP ETF, represents a watershed moment not just for XRP but for the future of crypto-based financial products globally. Thanks to Brazil’s leadership and the momentum created by announcements from influencers like Amelie, the world is witnessing a major step toward greater integration between traditional finance and the digital economy.
As XRPH11 begins trading and the market responds, all eyes will be on how this pioneering ETF reshapes investment dynamics and influences regulatory discussions around the world. One thing is certain — XRP’s journey into mainstream finance has taken a bold, historic leap forward.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
#XRPETF A Historic Moment for XRP and Crypto Innovation
The introduction of XRPH11 as a spot XRP ETF places Brazil at the forefront of global crypto financial products. Unlike futures-based ETFs that track derivatives contracts, spot ETFs are directly backed by the underlying asset — in this case, XRP itself. This critical difference offers investors exposure to actual XRP holdings, not just speculative contracts, providing greater transparency and reducing the risks associated with futures-based instruments.
By launching XRPH11, Brazil has demonstrated a proactive stance in embracing blockchain-based financial innovation, while offering traditional investors a regulated and accessible pathway into the XRP market. This move reflects an increasing global demand for straightforward and secure investment vehicles tied directly to prominent cryptocurrencies.
The introduction of XRPH11 as a spot XRP ETF places Brazil at the forefront of global crypto financial products. Unlike futures-based ETFs that track derivatives contracts, spot ETFs are directly backed by the underlying asset — in this case, XRP itself. This critical difference offers investors exposure to actual XRP holdings, not just speculative contracts, providing greater transparency and reducing the risks associated with futures-based instruments.
By launching XRPH11, Brazil has demonstrated a proactive stance in embracing blockchain-based financial innovation, while offering traditional investors a regulated and accessible pathway into the XRP market. This move reflects an increasing global demand for straightforward and secure investment vehicles tied directly to prominent cryptocurrencies.
$ETH (Ethereum Struggles to Gain Momentum as Altcoins Recover: Key Levels to Watch)
Key Levels to Watch for Ethereum
MakroVision outlined several critical price points that traders should monitor:
$1,730 – Short-term support that must hold for stability.
$2,132 – Trigger level for a potential bullish reversal.
$2,370 / $2,410 – Major resistance zones that could challenge further upward movement.
A successful breakout above $2,132, analysts say, could pave the way for a new bullish wave. Until then, Ethereum’s price action remains cautious and vulnerable compared to leading altcoins
⚔️Comparison to Bitcoin and Solana⚔️
While Ethereum has bounced back from its $1,400 lows, its upward momentum remains significantly weaker compared to assets like Bitcoin (BTC) and Solana (SOL).👌🏻
Key Levels to Watch for Ethereum
MakroVision outlined several critical price points that traders should monitor:
$1,730 – Short-term support that must hold for stability.
$2,132 – Trigger level for a potential bullish reversal.
$2,370 / $2,410 – Major resistance zones that could challenge further upward movement.
A successful breakout above $2,132, analysts say, could pave the way for a new bullish wave. Until then, Ethereum’s price action remains cautious and vulnerable compared to leading altcoins
⚔️Comparison to Bitcoin and Solana⚔️
While Ethereum has bounced back from its $1,400 lows, its upward momentum remains significantly weaker compared to assets like Bitcoin (BTC) and Solana (SOL).👌🏻
#TariffsPause (Trump's narrative that he forced China to the table is nonsense)
President Donald Trump says his new promise that he’ll be lowering astronomical tariffs on Chinese goods is the result of Beijing’s expressing interest in negotiating a trade deal with him. He even boasted to reporters on Wednesday that talks were “active” over a “fair deal.”
But the next day China said those talks were nonexistent. “China and the U.S. have not engaged in any consultations or negotiations regarding tariffs, let alone reached an agreement,” Guo Jiakun, a Chinese foreign ministry spokesman, said.
There is no underlying strategy or clear reasoning behind Trump’s erratic tariff maneuvers.
It’s certainly possible that Trump will lower the tariffs, but the idea that he’s doing it because his hard-hitting tariffs forced China to the table, hat in hand, is classic Trumpian nonsense. In reality there is no underlying strategy or clear reasoning behind Trump’s erratic tariff maneuvers. And even when he reduces them, he’s still dealing a blow to the economy
President Donald Trump says his new promise that he’ll be lowering astronomical tariffs on Chinese goods is the result of Beijing’s expressing interest in negotiating a trade deal with him. He even boasted to reporters on Wednesday that talks were “active” over a “fair deal.”
But the next day China said those talks were nonexistent. “China and the U.S. have not engaged in any consultations or negotiations regarding tariffs, let alone reached an agreement,” Guo Jiakun, a Chinese foreign ministry spokesman, said.
There is no underlying strategy or clear reasoning behind Trump’s erratic tariff maneuvers.
It’s certainly possible that Trump will lower the tariffs, but the idea that he’s doing it because his hard-hitting tariffs forced China to the table, hat in hand, is classic Trumpian nonsense. In reality there is no underlying strategy or clear reasoning behind Trump’s erratic tariff maneuvers. And even when he reduces them, he’s still dealing a blow to the economy
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$BTC 🚀 Bitcoin surpasses Google and becomes the 5th largest asset in the world by market capitalization🚀🚀🚀🚀
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$BTC #BTCvsMarkets Bitcoin, the twilight of the dollar? The US Treasury Secretary wants to "reorient" the global monetary order
Bitcoin vs dollar. In 1944, the Bretton Woods agreement laid the foundations of an economic order centered on the dollar, meant to ensure stability and prosperity. But at the dawn of 2025, as American debt skyrockets, the dollar wavers, and trade tensions shake the world, this architecture seems to tremble at its foundations.
In the face of this latent earthquake, US Treasury Secretary Scott Bessent urges the IMF and the World Bank to find their compass again. Less sprawling agendas, more monetary discipline. A statement that, implicitly, suggests something else: the global monetary order could change its face. And in this reshuffling of the cards, two digital outsiders — Bitcoin and stablecoins — are emerging as credible, even essential, alternatives.
Bitcoin vs dollar. In 1944, the Bretton Woods agreement laid the foundations of an economic order centered on the dollar, meant to ensure stability and prosperity. But at the dawn of 2025, as American debt skyrockets, the dollar wavers, and trade tensions shake the world, this architecture seems to tremble at its foundations.
In the face of this latent earthquake, US Treasury Secretary Scott Bessent urges the IMF and the World Bank to find their compass again. Less sprawling agendas, more monetary discipline. A statement that, implicitly, suggests something else: the global monetary order could change its face. And in this reshuffling of the cards, two digital outsiders — Bitcoin and stablecoins — are emerging as credible, even essential, alternatives.
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#BTCvsMarkets Bitcoin against inflation: why cryptocurrencies are gaining ground against fiat currency?
$BTC
$BTC
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#DinnerWithTrump #MarketRebound
04/23/2025
📌 TRUMP is 80% below its all-time high (ATH).
📌 Trump announced that he would share a dinner with the 220 largest holders of the token.
04/23/2025
📌 TRUMP is 80% below its all-time high (ATH).
📌 Trump announced that he would share a dinner with the 220 largest holders of the token.
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Donald Trump's memecoin soars after the unlocking of 40 million tokens.
#MarketRebound
The price of TRUMP surged by 60% after the unlocking of 40 million tokens. Source: GROK.
📌 TRUMP is 80% lower than its all-time high (ATH).
📌 Trump announced that he would share a dinner with the 220 largest holders of the token.
Official Trump (TRUMP), the official memecoin of American President Donald Trump, exploded after the unlocking of 40 million tokens.
As reported by CriptoNoticias, on April 18, 4% of the total supply of the project was unlocked, meaning that there are currently 240 million TRUMP tokens in circulation.
This increase in supply could have a downward effect on the price if it is not accompanied by proportional demand, raising doubts about the viability of its current recovery.$TRUMP
And that is what happened today, April 23.
The creators of the project and CIC Digital (an entity owned by Trump) announced that the 220 main holders of the memecoin will be invited to a gala dinner with the American president, scheduled for May 22.
And here, it is important to remember that TRUMP has a maximum supply of 1 billion tokens, distributed as follows: 80% for the project creators and CIC Digital, 10% for liquidity, and 10% for public distribution.
Moreover, this clearly shows that the token is more tied to Trump's image than to fundamental factors. In other words, it does not solve any problems, and its utility is practically null.
This is why Maxine Waters, a Democratic congresswoman from California, has called for an investigation to determine whether the TRUMP memecoin is linked to a potential pump-and-dump scheme, a mechanism by which a group of people with insider information manipulate prices to sell at high prices and leave losses to those who are the last to enter.
#MarketRebound
The price of TRUMP surged by 60% after the unlocking of 40 million tokens. Source: GROK.
📌 TRUMP is 80% lower than its all-time high (ATH).
📌 Trump announced that he would share a dinner with the 220 largest holders of the token.
Official Trump (TRUMP), the official memecoin of American President Donald Trump, exploded after the unlocking of 40 million tokens.
As reported by CriptoNoticias, on April 18, 4% of the total supply of the project was unlocked, meaning that there are currently 240 million TRUMP tokens in circulation.
This increase in supply could have a downward effect on the price if it is not accompanied by proportional demand, raising doubts about the viability of its current recovery.$TRUMP
And that is what happened today, April 23.
The creators of the project and CIC Digital (an entity owned by Trump) announced that the 220 main holders of the memecoin will be invited to a gala dinner with the American president, scheduled for May 22.
And here, it is important to remember that TRUMP has a maximum supply of 1 billion tokens, distributed as follows: 80% for the project creators and CIC Digital, 10% for liquidity, and 10% for public distribution.
Moreover, this clearly shows that the token is more tied to Trump's image than to fundamental factors. In other words, it does not solve any problems, and its utility is practically null.
This is why Maxine Waters, a Democratic congresswoman from California, has called for an investigation to determine whether the TRUMP memecoin is linked to a potential pump-and-dump scheme, a mechanism by which a group of people with insider information manipulate prices to sell at high prices and leave losses to those who are the last to enter.
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$ETH Ethereum News: Ethereum Soars 15%, Its Market Dominance Bouncing Back After Historic Low
ETH Reclaims $1,800, Outperforming Bitcoin and the Broader Market
Ethereum (ETH) is making a strong comeback after weeks of underperformance, surging nearly 15% in the last 24 hours to reclaim the $1,800 level. The rally comes as ETH's market dominance rebounds from a historic low of 7%, signaling renewed interest in the world's second-largest cryptocurrency.
According to TradingView, Ethereum's dominance fell to its lowest level since September 2019 on April 22, before bouncing back to 7.5% on April 23.
"You can hate Ethereum as much as you want, but when it has a big day, the entire crypto ecosystem rises," noted popular trader Income Sharks on X.
Ethereum Outperforms Bitcoin and the Total Market
Ethereum's 24-hour performance has outpaced Bitcoin (+6%) and the broader crypto market (+5%, with total market capitalization returning to the $3 trillion mark). Since its drop to $1,400 on April 9, ETH has now recovered almost 30%, reversing losses caused by earlier fears regarding trade tensions and market-wide risk aversion.
ETH Reclaims $1,800, Outperforming Bitcoin and the Broader Market
Ethereum (ETH) is making a strong comeback after weeks of underperformance, surging nearly 15% in the last 24 hours to reclaim the $1,800 level. The rally comes as ETH's market dominance rebounds from a historic low of 7%, signaling renewed interest in the world's second-largest cryptocurrency.
According to TradingView, Ethereum's dominance fell to its lowest level since September 2019 on April 22, before bouncing back to 7.5% on April 23.
"You can hate Ethereum as much as you want, but when it has a big day, the entire crypto ecosystem rises," noted popular trader Income Sharks on X.
Ethereum Outperforms Bitcoin and the Total Market
Ethereum's 24-hour performance has outpaced Bitcoin (+6%) and the broader crypto market (+5%, with total market capitalization returning to the $3 trillion mark). Since its drop to $1,400 on April 9, ETH has now recovered almost 30%, reversing losses caused by earlier fears regarding trade tensions and market-wide risk aversion.
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