Bitcoin and Ethereum Slide Sparks Fears of Deeper Crypto Crash

05.02.2025 48 times read 0 Comments

Top Cryptocurrencies Show Signs of Weakness

According to FXStreet, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are struggling to maintain their recovery after recent declines. Bitcoin, which briefly recovered to $101,300 on Monday, fell by 3.52% on Tuesday and is now hovering around $98,000. Analysts suggest that if Bitcoin continues its downward trend, it could test the critical $90,000 level. Ethereum also faced a significant drop, trading at $2,731 on Wednesday after a 5.16% decline on Tuesday. Ripple, meanwhile, closed below its ascending trendline, signaling a bearish market structure. The cryptocurrency is currently trading at $2.51, with further declines expected if it breaches its daily support level of $1.96. For more details, visit FXStreet's article at https://www.fxstreet.com/cryptocurrencies/news/top-3-price-prediction-bitcoin-ethereum-ripple-btc-eth-and-xrp-still-show-signs-of-weakness-202502050417.

Ethereum’s Push for Wall Street Adoption

CoinDesk reports that Vivek Raman, a former Wall Street banker and founder of Etherealize, is working to position Ethereum as a serious asset class for traditional finance. Etherealize aims to educate banks on Ethereum's utility and promote its adoption through layer-2 solutions. Raman highlights Ethereum's potential as a financial operating system, enabling tokenization and customized networks for institutions. Despite Ethereum's internal challenges, including leadership restructuring and competition from other blockchains, Raman believes Wall Street's interest in Ethereum could drive its growth. Read the full interview with Vivek Raman on CoinDesk at https://www.coindesk.com/tech/2025/02/03/ethereum-s-new-cheerleader-on-wall-street-a-q-and-a-with-vivek-raman.

Ethereum Faces Leadership and Competition Challenges

The Currency Analytics highlights Ethereum's struggles in 2025, including internal leadership conflicts and rising competition from platforms like Solana. The Ethereum Foundation's controversial $165 million investment in DeFi protocols has raised concerns about governance and conflicts of interest. Additionally, debates over increasing Ethereum's gas limit have sparked discussions about scalability and centralization risks. Despite these challenges, Ethereum remains the most widely adopted smart contract platform, with efforts underway to address its issues. For a detailed analysis, visit The Currency Analytics at https://thecurrencyanalytics.com/altcoins/ethereums-struggles-in-2025-leadership-issues-and-rising-competition-158870.

Crypto Presales Offer New Opportunities

Brave New Coin Insights discusses the potential of early-stage crypto presales, highlighting projects like The Last Dwarfs ($TLD) and Meme Index ($MINDX). These presales are gaining traction due to their innovative approaches, such as $TLD's gamified launchpad and $MINDX's decentralized meme coin index fund. With the crypto market evolving rapidly, these presales could offer significant returns for early investors. For more information, check out Brave New Coin Insights at https://bravenewcoin.com/sponsored/presale/missed-bitcoin-ethereum-these-5-best-crypto-presales-could-be-the-next-100x-coins.

Ethereum Whales Bet on New Meme Token

Crypto.news reports that Ethereum whales are investing heavily in Dogen, a new meme token with bullish growth forecasts. Dogen, dubbed "DOGE on steroids," raised $5.5 million during its presale and has gained a strong community following. The token's recent listing has fueled optimism, with predictions of significant gains in the coming months. Meanwhile, Ethereum itself is nearing oversold territory, suggesting a potential rebound. For more details, visit Crypto.news at https://crypto.news/ethereum-whales-bet-big-on-dogen-a-new-meme-token-set-for-massive-gains/.

Sources:

Your opinion on this article

Please enter a valid email address.
Please enter a comment.
No comments available