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Showing posts with the label price drop

Ethereum Price Drops As ETH Foundation’s $654M Move Triggers Sell-Off Concerns

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The Ethereum price fell a fraction of a percent in the last 24 hours to trade at $3,858.54 as of 4 a.m. EST on a 36% increase in trading volume to $49.69 billion. That came amid controversy within the ETH ecosystem as the Ethereum Foundation moved over $654 million worth of ETH into a wallet typically used for large-scale sales, sparking concerns of a dump that could impact the market. THE ETHEREUM FOUNDATION JUST TRANSFERRED $650M $ETH The Ethereum Foundation just transferred $654M of ETH to a wallet used for selling in the past. This wallet has only made significant transfers to: Kraken Deposit SharpLink Gaming A Multisig that sells ETH pic.twitter.com/hqdQINzx0P — Arkham (@arkham) October 21, 2025 The sudden transfer was significantly larger than prior foundation moves and comes at a time when investors are already anxious​ A much smaller ETH sale last month barely moved the market, but this time traders are bracing for a potential bigger impact. The fear is that...

XRP Faces Sharp Decline Amid Liquidations, But Pundits Say “This Week Changes Everything”

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Bitcoin to ‘lose a zero’ and drop to $10,000, warns strategist

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Although the cryptocurrency market is anticipating Bitcoin (BTC) to target a new high of around $150,000, a market strategist is warning that the asset might plunge to $10,000. This call comes as Bitcoin struggles with volatility, facing challenges in holding onto the $110,000 support. According to Bloomberg Intelligence senior commodity strategist Mike McGlone, the potential for Bitcoin to drop to $10,000 lies in the fact that it is a risk asset, as he stated in an interview with David Lin, published on September 2. “Bitcoin added a zero. I think it loses a zero now. Go back to $10,000. That’s not a big deal in terms of Bitcoin’s history, but for people who own it is. <…> The first time we traded $100,000 was on December 6th. To me, that was a classic sign that you’re supposed to be selling,” McGlone stated.  Bitcoin’s risk status  McGlone noted that Bitcoin has become a clear risk-on asset, with its 48-month corre...

Pi Network KYC Deadline: 80% at Risk as PI Falls

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Pi Network KYC deadline is approaching quite rapidly right now, with just four days remaining before the March 14 cutoff when millions of users might potentially risk losing access to their cryptocurrency holdings. Various major pi network migration issues have plagued numerous users attempting to complete the verification process, while the cryptocurrency’s value has actually plummeted by 16.3% over the past week amid mounting user frustration and uncertainty. Reminder: The Grace Period requires both KYC and Mainnet migration to be completed by 8:00am UTC on March 14, 2025, to avoid forfeiting most of your Pi other than Pi mined within the rolling window of the last 6 months before your Pi is migrated. Learn more… — Pi Network (@PiCoreTeam) March 10, 2025 Also Read: Shiba Inu (SHIB) March End Price Prediction Pi Network Migration Issues & Price Drop: What You Must Know Source: Minepi.com The Pi Network has established March 14, 2025, at 8:00 AM UTC as the final deadline for all u...