ETH Plunges 15% in Day; $165M Long Positions Liquidated

Ethereum’s Big Drop: A 15% Price Crash in Just 24 Hours!

Ethereum, the world’s second-biggest cryptocurrency, had a sudden and sharp drop in its price, falling by 15% in just one day. This quick crash left many investors surprised and upset, with over $165 million in long positions (bets that the price would go up) being closed suddenly. Everyone wants to know: what caused this sudden price drop?

What Happened?

The Ethereum price has been going up and down a lot lately, which is not unusual for cryptocurrencies. After President Trump said the U.S. might create a cryptocurrency reserve that could include Ethereum, its price went up. But then, just a few days later, the price started to drop again and went back down to where it was before the announcement.

Why Did the Price Drop?

Several things might have caused Ethereum’s price to drop:

Economic Troubles Around the World

When there are problems in the world’s economy, especially in the U.S., investors become more cautious and less likely to take risks. This can make them sell their cryptocurrencies, which can cause the prices to go down.

Big Investors Selling

Some big investors, called “whales,” sold a lot of their Ethereum, which put a lot of downward pressure on the price. We can see this because there’s more Ethereum on centralized exchanges (places where you can buy and sell cryptocurrencies) than there has been in a long time. This sudden selling of long positions caused many investors to lose a lot of money.

Price Fluctuations

Ethereum’s price has been going up and down a lot. It went up by 14% one day and then dropped by 15% the next. These sudden changes in price can cause people to sell their Ethereum, which can make the price drop even more.

How Did This Affect Investors?

Many investors who thought the price would go up after President Trump’s announcement lost a lot of money. But some investors who thought the price would drop made money from their short positions (bets that the price would go down).

What Can We Learn From This?

Ethereum’s sudden price drop shows that cryptocurrencies can be very volatile, meaning their prices can change a lot. Investors need to be careful and adapt to changes in the market. Understanding what causes these changes can help investors make better decisions in the future.

 

Sources:

Ethereum Drops Below Key Channel; $1,250 in Sight?

Ethereum’s Ups and Downs: Breaking Out of the Safe Zone

Ethereum, the second-biggest cryptocurrency, has had a rough time lately. Its price has dropped a lot, breaking out of a special line called a “parallel channel” that it had been following for months[1]. This has worried many investors and experts, who think Ethereum might drop even more, maybe even down to $1,250[1]. Let’s find out why Ethereum is being so volatile and what might happen next.

What’s a Parallel Channel Breakdown?

A parallel channel is like a road that shows where a cryptocurrency’s price might go. When a cryptocurrency’s price goes below this road, it usually means the price might keep going down[1]. Ethereum’s price recently went below this road, which makes some experts think it might drop even more.

Why is the Market So Volatile?

The whole cryptocurrency market has been very shaky and uncertain. Ethereum has lost more than 20% of its value in a short time[1]. This isn’t just happening to Ethereum; other cryptocurrencies called “altcoins” are also having a hard time[1]. Investors are being careful, waiting to see if things will get better or worse.

What’s Been Happening to Ethereum?

Several things have made Ethereum’s price go up and down. One big thing was when the Bybit exchange lost $1.5 billion because of a hack[3]. Even though the boss of Bybit said they would fix it, the hack made people worried about the market.

What Do the Charts Say?

When we look at Ethereum’s price on a chart, we see that it was stuck in a parallel channel on a daily chart, but the weekly chart shows a more worrying picture[3]. Some signs, like the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD), show that the price might go down more[3].

What’s Next for Ethereum?

Ethereum is at a very important point right now. The way its price has been going and the worried feelings in the market suggest that Ethereum might have some big challenges soon. If Ethereum can’t go back up to where it was before, it might drop even more, maybe down to $1,250[1]. But if Ethereum can get back up and find a good place to stop, it might do better in the future.

In short, Ethereum is going through a tough time with lots of ups and downs. The next few days will be very important in deciding whether Ethereum can stay steady or if the worried feelings will keep going, which could affect not just Ethereum but the whole cryptocurrency market.

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Sources:
– TradingView
– CCN

Monster Hunter: Wilds Shatters Capcom Sales Record

Monster Hunter Wilds: A Gaming Sensation

Get ready to be amazed! Monster Hunter Wilds has just broken records and become Capcom’s fastest-selling game ever! Released on February 28, 2025, this game has sold over 8 million copies in just three days, making it a huge hit with gamers worldwide[1][3]. This incredible achievement shows that the Monster Hunter series is still as popular as ever.

How Monster Hunter Wilds Became a Gaming Phenomenon

Sales That Soared

Monster Hunter Wilds has sold more copies than any other game in the series in its first three days! For example, Monster Hunter: World sold over 5 million copies in the same time period[1]. This new record shows that more people are interested in the series than ever before, and Capcom’s marketing strategies are paying off. The game is available on PC, PlayStation 5, and Xbox Series X|S, which means it can be played on many different devices[3].

Marketing Magic

Capcom has done a great job of making people excited about Monster Hunter Wilds. They showed it off at big gaming events like PlayStation’s State of Play and The Game Awards, and they let people try it out early through online beta tests[3]. These strategies helped create buzz and get valuable feedback to make the game even better.

Technical Troubles and Triumphs

Even though Monster Hunter Wilds has had some technical issues, like a bug that caused problems for some players[3], fans have still loved it! The game had over 1.3 million players on Steam at the same time, which is a record for Capcom games[3]. In total, over 40 million players have been hunting monsters online across all platforms[3].

Monster Hunter Wilds: A Win for Capcom and Gaming Fans

Money Well Spent

The success of Monster Hunter Wilds is great news for Capcom’s bank account. They expect to make a lot more money this year because of this game[1]. This comes at a time when Capcom is looking to make more money by releasing new games.

Lessons for the Gaming Industry

The way Capcom has marketed Monster Hunter Wilds shows how important it is to get people excited about a game and listen to what fans have to say. This game’s success also shows that gaming franchises can keep attracting new players while still pleasing their loyal fans.

A New Chapter for Monster Hunter

What a Ride!

– Fastest-Selling Game: Monster Hunter Wilds sold over 8 million copies in just three days[1][3]!
– Available Everywhere: You can play it on PC, PS5, and Xbox Series X|S[3].
– Marketing Masterclass: Capcom’s strategies for this game were spot on[3].

What’s Next?

As Monster Hunter Wilds continues to break records, it’s clear that the Monster Hunter series is Capcom’s most popular franchise. With updates and new content on the way, this game could become one of Capcom’s best-selling titles ever[1][3]!

Sources:
– gameworldobserver.com
– eurogamer.net

Today’s Crypto Market Dip: What’s Behind the Fall?

Why is the Crypto Market Down Today?

The crypto market has been going through a rough patch lately, with many investors wondering what’s causing this sudden drop. Let’s explore the key reasons behind this recent decline.

Crypto Market on a Rollercoaster Ride

The cryptocurrency market is famous for its ups and downs, but recently, it’s been more like a rollercoaster. On March 4, 2025, the crypto market lost a whopping $460 billion in just 24 hours[2], leaving investors surprised and looking for answers.

Economic and Political Storms

One big reason for the crypto market’s downturn is the recent economic and political news. When former President Donald Trump announced new tariffs on imports from China, Mexico, and Canada, it caused a stir in global markets[4]. These tariffs not only affected stocks but also had a big impact on cryptocurrencies. Investors got worried about a possible global trade war and started selling their assets, including cryptocurrencies[4].

Market Mood Swings

The crypto market is very sensitive to how investors feel. The recent selloff was accompanied by a big increase in trading volumes, showing that investors were very active[2]. For example, Bitcoin’s price fell from $72,500 to $63,800, a drop of 12%, and Ethereum went from $4,100 to $3,650, a decrease of 10.9%[2]. This volatility made investors feel very fearful, with the Crypto Fear & Greed Index dropping from 65 to 32[2].

Major Cryptocurrencies Feel the Heat

The downturn affected major cryptocurrencies like Bitcoin, Ethereum, Solana, and XRP. Some altcoins, like Cardano, even saw drops as high as 20%[4]. This shows how connected the crypto market is and how it can be influenced by outside economic factors.

Navigating the Crypto Storm

In short, the crypto market’s current downturn is mainly due to economic uncertainty and political decisions. The fear of a trade war made investors want to sell their assets. While this volatility can create opportunities to buy, it also shows how important it is to be careful and manage risks well in the crypto world.

As the market keeps changing, understanding these factors will be crucial for investors wanting to face the challenges and find opportunities in the cryptocurrency world.

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Sources:
– blockchain.news
– cnbctv18.com

Ripple vs. SEC: Why is this Case Still Unresolved?

Ripple and the SEC: A Long, Twisty Legal Journey

The Ripple vs. SEC case has been a big deal in the world of cryptocurrency for a long time. It’s like a really interesting story that keeps changing, with lots of people watching and wondering what will happen next. Even though other cases like this have ended, this one is still going on. Let’s find out why it’s taking so long.

How It All Started

The SEC, which is like the police for the stock market, said in 2020 that Ripple’s XRP was not a real currency but a security. They said Ripple should have told people about it before selling it. But then, something amazing happened! A judge said XRP was not a security after all, which was great news for Ripple[1]. But the SEC didn’t give up. They said they still think XRP is a security and they want the judge to change her mind[1].

Guessing What Might Happen

Some people think the SEC might stop this case soon, maybe because they have new leaders now[1]. Ripple’s lawyer even said he thinks the case will end soon because the new leaders want to help new ideas in the crypto world[1]. But the case is still going on, and people are still guessing what will happen next[1].

What Lawyers Think

Some lawyers have different ideas about why the case is taking so long. One lawyer, James Murphy, thinks Ripple might be waiting for a better deal before they agree to end the case. Maybe they want to be able to do something big like have a big public offering (IPO) in the future[4]. Another lawyer, Fred Rispoli, thinks the SEC is being careful because they don’t want to lose a lot of money if they have to pay Ripple back for the $125 million they said Ripple should pay[4]. Both lawyers agree that this case is really complicated and might take a long time to finish.

Why This Case Matters

What happens in this case will be really important for Ripple. If they can’t sell XRP like a real currency, it will be hard for them to do big things like have an IPO. And not just Ripple, but the whole crypto world is watching because this case will show how other digital money might be treated by the law[4].

Waiting for the End of the Story

A Powerful Summary

The Ripple vs. SEC case is like a big, complicated puzzle that’s taking a long time to solve. Even though some people think the SEC might stop the case soon, it’s still going on. Everyone in the crypto world is waiting to see what happens because it will be really important for Ripple and for the whole crypto market.

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Sources:
– Binance
– The Currency Analytics

Bybit Hacker Cleans $1.4B Crypto Heist in Record 10 Days

Bybit Hack: A $1.4 Billion Crypto Heist in 10 Days

Imagine this: hackers steal $1.4 billion worth of cryptocurrency and clean it all in just 10 days. Sounds like a movie, right? But this actually happened to the Bybit exchange in 2025. Let’s break down this crazy story.

The Big Heist

On February 21, 2025, hackers pulled off the biggest cryptocurrency theft ever, stealing about 400,000 ETH (Ethereum) from Bybit. That’s like robbing a bank, but with digital money!

Here’s how they did it: they found a way to trick Bybit’s security system. Normally, moving money from a safe (cold wallet) to a not-so-safe (hot wallet) place needs multiple approvals. But these sneaky hackers changed the rules of the game, making the system think they were doing the right thing while they were actually stealing the money.

Market Shake-up

The news of the hack sent Ethereum’s price tumbling from $2,823 to $2,685. Yikes! But Bybit’s boss promised to protect users’ money, saying they have $20 billion in the bank and will cover any losses. They also offered a reward (bounty) to catch the bad guys.

Money Laundering: A Fast and Furious Ride

Now, here’s where it gets really crazy. The hackers managed to clean all $1.4 billion in just 10 days! They first moved the money to one wallet, then split it into 40 smaller ones. It was like they were playing a high-stakes game of hot potato!

Experts think they used a network of wallets and maybe even some shady exchanges to turn the stolen crypto into real money, like dollars or euros.

What Can We Learn?

The Bybit hack is a wake-up call for everyone in the crypto world. It shows that we need to be really careful and keep our security up-to-date to protect our digital money. As more people invest in cryptocurrency, understanding and fighting these risks is super important.

Bybit’s promise to cover losses could set a new standard for how exchanges handle big hacks in the future.

Sources:

Valve Teases CS2’s Ready Cache Map, Release Date Unknown

Cache Returns: A Blast from the Past in CS2

In the world of Counter-Strike, one map stands out as a classic favorite: Cache. Created by Shawn “FMPONE” Snelling, Cache has been a hit in competitive play for years. Now, it’s back in Counter-Strike 2 (CS2), but its official future is still up in the air.

The Comeback of Cache

Cache’s return to CS2 is a big deal, especially since it was missing when the game first came out. The map has been made over using the Source 2 engine, giving it a super cool, detailed look that reminds us of Chernobyl. This makeover not only makes the map look amazing but also lets us use the new engine’s cool features for a fresh but familiar experience.

Changes and Challenges

The new Cache still feels like the old one, with the same basic layout. But there are some changes. For example, the boost ramp on the CT mid side is gone, so players might need to come up with new strategies. Also, the famous s1mple graffiti is missing, but it might come back in future updates.

What the Community Thinks and Official Status

Right now, you can download and play Cache in community matches on the Steam Workshop. But whether it will be in competitive play is still a mystery. Valve wants to see how players like it and test it more before making a decision. They’ve done this before with other maps, like replacing Vertigo with Train.

The Future of Cache in CS2

The return of Cache shows that classic maps are still loved in Counter-Strike. Fans can’t wait to see if it will be in competitive play. Even though its future is uncertain, players can enjoy it now on the Steam Workshop. The journey of Cache from being missing in CS2 to being a community favorite today shows how important the gaming community is in shaping the game.

A New Chapter for Cache

In the end, the release of Cache for CS2 is a big deal for both the map and the game. Even though we don’t know if it will be in competitive play, the community’s excitement and FMPONE’s work on the map mean Cache will always be a beloved part of Counter-Strike. As players explore this revamped map, they’re not just revisiting history, but also shaping its future in competitive play.

Bankpozitif Launches Crypto Custody with Taurus

Turkey’s Big Step into Crypto World

Guess what? A Turkish digital bank called BankPozitif has teamed up with a Swiss crypto platform named Taurus! Why’s that a big deal? Well, this is the first time a Turkish bank is offering a service called “cryptocurrency custody”[1][2]. This means they’ll keep people’s crypto assets safe, just like how banks keep your money safe. Isn’t that cool?

Why Turkey and Why Now?

You might be wondering, why is Turkey so interested in cryptocurrencies? Well, Turkey has been facing some economic troubles, like high inflation rates. Some people think that cryptocurrencies can be a good way to protect their money from these troubles[1]. Also, the rules in Turkey are changing to make it easier for banks to offer crypto services[1]. So, it’s a great time for banks like BankPozitif to try out these new services!

What Taurus Brings to the Table

Taurus is known for keeping crypto assets safe. They’ll provide BankPozitif with tools to do this, and also something called “EXPLORER”[3]. This helps BankPozitif connect to different blockchains, which is like the big books where all crypto transactions are recorded. Isn’t that like having a superpower to see all the crypto activity in the world?

What’s Next?

BankPozitif and Taurus are planning to start offering these crypto custody services by June 2025. At first, they’ll support popular cryptocurrencies like Bitcoin, Ethereum, Tether, Ripple, and Solana[4]. This could make Turkey a really important place for crypto transactions in the world!

Government Support

Guess who’s helping make this happen? The Turkish government! They’ve given their okay for these services, which shows they’re ready to embrace the crypto world. This could encourage other banks to do the same too[4].

Turkey’s Crypto Future

In simple terms, this partnership between BankPozitif and Taurus is a big deal for Turkey. As the country faces economic challenges, more people are likely to use cryptocurrencies. This partnership shows that Turkey has the potential to become a major player in the crypto world. Isn’t it exciting to see how technology and finance can work together to create new opportunities?

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Sources:
– coindesk.com
– chaincatcher.com
– panewslab.com
– binance.com
– ffnews.com

Today’s Crypto Recap

Crypto World Today: A Close Look

The world of cryptocurrency is always changing, with new chances and challenges appearing all the time. Right now, on March 4, 2025, the market is in a phase called “Optimism Phase.” This means prices are going up, people are trading more, and everyone feels positive about the market[1]. This phase is important for traders and investors because it has both good and bad sides. Let’s explore the crypto market today, looking at big trends, new things, and what they mean for people involved.

Market Trends: The Optimism Phase

The Optimism Phase is when people feel good about investing in cryptocurrencies. This has led to big price increases in popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). For example, Bitcoin’s price went from $55,000 to $57,500 in just one day, and Ethereum went from $3,200 to $3,350[1]. These price changes happened with more people trading, too. On big exchanges like Binance and Coinbase, the number of trades for BTC went up by 15% and for ETH by 12%[1].

Important Signs: Trading Volumes and Market Capitalization

The total value of all cryptocurrencies also went up, from $2.1 trillion to $2.2 trillion in one day[1]. This means the market is doing well, and traders might want to buy more BTC and ETH[1]. Other signs, like the number of people using BTC and ETH, also show that the market is strong. The number of active BTC addresses went up by 10% and ETH addresses by 8%[1].

New AI Things: How They Affect Crypto

People are watching new AI (Artificial Intelligence) developments closely to see how they affect the crypto market. A big AI company just made a new machine learning tool, and this caused AI-related tokens like SingularityNET (AGIX) and Fetch.ai (FET) to go up by 5%[1]. This also made BTC and ETH prices go up a little, showing that AI news can affect how people feel about the market and how much they trade[1].

Navigating the Optimism Phase

What’s Happening and What’s Next

In short, the crypto market is doing well right now, with prices going up and more people trading. Traders should keep an eye on BTC and ETH prices and watch for new AI developments that might bring new chances to buy AI tokens[1]. The link between AI news and crypto prices shows how important it is to stay informed about new technologies.

As the market keeps changing, it’s important for investors to be flexible and know what’s going on. The way AI developments and crypto trends work together brings both challenges and chances, making it an exciting time for people in the crypto world.

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Sources:
– blockchain.news
– coinfomania.com

Why’s Crypto Down Today?

Why is the Crypto Market Down Today?

The crypto market is having a tough day, with many investors wondering what’s causing this sudden drop. Let’s explore the key reasons behind this downturn.

Introduction to the Downturn

The crypto market’s recent decline is closely linked to broader economic and political events. Just a day after cryptocurrencies surged due to optimism about Donald Trump’s US Crypto Strategic Reserves, the market crashed, losing $300 billion in value[3]. This sudden drop was triggered by Trump’s new tariffs on China, Mexico, and Canada, which worried investors and caused a global sell-off[3].

Economic Uncertainty and Tariffs

Trump’s new tariffs have made investors nervous about a possible global trade war. The 25% tariff on imports from Mexico and Canada, and the doubling of duties on Chinese goods to 20%, have upset the financial world[3]. China quickly responded with its own tariffs on US imports, making the situation even tenser[3]. This economic uncertainty has led investors to sell stocks and cryptocurrencies, preparing for more market ups and downs.

Impact on Major Cryptocurrencies

The crash has affected major cryptocurrencies a lot:
– Bitcoin (BTC) fell nearly 10%, going from a daily high of $93,600 to a low of $83,300[3].
– Ethereum (ETH) dropped over 11%[3].
– Solana (SOL) fell 15%[3].
– XRP went down 12%[3].
– Cardano (ADA), which was the biggest gainer on Monday, fell 20% to trade near $0.80[3].

Traditional Markets’ Influence

The NASDAQ’s drop also played a part in the crypto market downturn. The NASDAQ fell nearly 2.5%, wiping out over $1 trillion from the stock market, which might be putting pressure on crypto assets[1]. The total market capitalization of cryptocurrencies fell from $2.3 trillion to $2.15 trillion in just a few hours[1].

Market Sentiment and Trading Activity

The Crypto Fear & Greed Index went down from 45 to 38, showing that investors are more fearful[1]. Bitcoin’s trading volume jumped to $45 billion, a 20% increase from the day before, indicating more selling pressure[1]. On-chain data showed that large investors were moving their assets[1].

Conclusion: A Bumpy Ride Ahead

The Road Ahead

The crypto market’s short-term future is uncertain. Regulatory challenges around Trump’s crypto reserve plan and the ongoing economic turmoil caused by tariffs have created a volatile market[3]. As investors navigate these challenges, it’s clear that the crypto market is heavily influenced by political and economic factors. Only time will tell if this downturn is a temporary setback or a longer-term trend.

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Sources:
– blockchain.news
– cnbctv18.com