The post Strong Buying in Ethereum, Time to Bag ETH appeared first on Coinpedia Fintech News The cryptocurrency market has experienced significant price fluctuations, leading to billions of dollars in liquidations. Amid this, whales appear to be focusing on Ethereum (ETH), the world’s second-largest cryptocurrency by market cap. Whale Eyes on Ethereum In the past 24 hours, the crypto market has seen millions of dollars worth of ETH accumulation. Today, February 3, 2025, blockchain transaction tracker EyeOnChain posted on X (formerly Twitter) that a whale borrowed $28.3 million USDT to buy 10,000 ETH when it was trading near the $2,817…
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Bitcoin Dominance Reaches 60% as Altcoins Face Sharp Declines Bitcoin’s market dominance has surged past 60%, marking its highest level in months, according to Cointelegraph. This increase comes as altcoins face significant losses, with Ethereum (ETH), XRP, and Solana (SOL) witnessing sharp declines. The downturn in the crypto market follows U.S. President Donald Trump’s new tariff policies, which have triggered global economic uncertainty and a risk-off sentiment among investors. Key Crypto Market Movements: Bitcoin (BTC) dominance: 60%+ Ethereum (ETH): -9.3% (past week) XRP: -13.8% Solana (SOL): -19.3% With Bitcoin maintaining its strength, many investors are shifting away from riskier altcoins,…
The post Mexico Tariffs Delayed: Mexico Avoids U.S. Tariffs After Reaching Deal With Trump appeared first on Coinpedia Fintech News In a latest development, Mexican President Claudia Sheinbaum announced on Monday that Mexico has successfully avoided U.S. tariffs, at least for now, following an agreement with President Trump. Sheinbaum shared on X that she spoke with Trump on Monday morning, reaching a deal that delays his threat of imposing 25% tariffs on all Mexican goods imported to the U.S. for at least a month. In return, Mexico has agreed to deploy 10,000 National Guard members to strengthen its northern border…
The post Kraken Secures MiFID License, Boosts EU Crypto Derivatives Presence appeared first on Coinpedia Fintech News In a latest development, crypto exchange Kraken announced in a blog post that it has secured a Markets in Financial Instruments Directive (MiFID) license in the EU. The license was obtained through the acquisition of a Cypriot Investment Firm, which was recently approved by the Cyprus Securities and Exchange Commission (CySEC). Notably, this milestone is a significant step in its expansion strategy, enabling it to provide fully compliant and regulated derivatives products to experienced crypto traders in specific EU markets. This move is…
The post Crypto Crash: Bybit CEO Estimates Crypto Market Liquidations Likely Reached $10B appeared first on Coinpedia Fintech News Recently, the recent crypto market correction has triggered massive liquidations in the market. As per data from Coinglass, more than $2.24 billion was liquidated from the crypto markets in 24 hours on Feb 3. However, Bybit co-founder believes that the real figure might be five times larger. In a recent X post wrote that the real total liquidation is a lot more than $2 billion, with his estimation that it should be at least around $8-10 billion. https://twitter.com/benbybit/status/1886393172152156604 “Bybit’s 24hr liquidation…
The post Why XRP Price is Down Today? How Low Can XRP Crash? appeared first on Coinpedia Fintech News The news of Trump’s Tariff war and Ripple’s 400 million XRP unlock, valued at around $1.136 billion has instantly shaken the market, sending XRP’s price plummeting by over 24.6% in just 24 hours. XRP has dropped over 15% amid the recent crypto market crash, with a top expert predicting a further drop to $1.90. This sudden free fall could be a sign that XRP is about to follow its usual trend in February, a month where it has historically underperformed. According…
The post Why Ethereum Price is Down Today? ETH Leads Liquidation Event Amid Crypto Crash appeared first on Coinpedia Fintech News Over the weekend, the crypto market has seen a massive bloodbath probably the biggest crash ever, with $2.24 billion wiped out in just 24 hours. Ethereum took the hardest hit, falling below $3,000 and causing over $600 million in liquidations. This massive sell-off was triggered by growing global tensions surrounding President Trump’s new trade tariffs, which have rattled investor confidence. Ethereum Leads the Liquidation Event Ethereum (ETH) led the charge in this massive liquidation, with over $609 million in…
The post How Binance is Ensuring Legal Compliance with US Authorities Amidst Industry Scrutiny? appeared first on Coinpedia Fintech News At a time when US authorities are discussing possibilities to create a better legal framework for the cryptocurrency industry, Binance co-founder He Yi has revealed the measures taken by the crypto exchange to ensure its compliance with the country’s law enforcement framework. Here is everything you should know about He Yi’s revelations. While explaining how Binance ensures legal compliance, He Yi stated that the organisation has at least two US law enforcement coordinators. She added that the duty of these…
The post Top Altcoins to Buy this Crypto Market Crash appeared first on Coinpedia Fintech News The global crypto market has dropped 10% after U.S. President Donald Trump imposed strict tariffs on Mexico, Canada, and China. While most cryptocurrencies are in the red, Altcoin Daily’s host has highlighted six altcoins worth buying during this dip. As the saying goes, “Buy when there’s blood in the streets,” and right now, the market is deep in red. Top Altcoins To Buy This Dip In a recent video, the Altcoin Daily host mentioned that do not fear off from the ongoing market crash.…
The volatility of the memecoin market continues because Shiba Inu and Dogecoin alongside #Pepeto fight over leadership positions. The Shiba Inu price faces significant resistance while Dogecoin displays recovery signals and Pepeto brings innovative features for continued growth in the market. The analysis of the most successful memecoin demands an examination of their current price movements and market sentiments because their performances continue to change at different speeds. Shiba Inu Faces Bearish Pressure After Major Rally The price of Shiba Inu increased more than 100% during November 2024 before its market momentum faded when it approached the $0.000033 resistance…