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Cryptocurrencies Sink as $1.5 Billion in Bullish Bets Wiped Out
Yahoo Finance· 2025-09-22 10:20
Computer network cables. Cryptocurrency traders saw more than $1.5 billion in bullish wagers liquidated on Monday, triggering a sharp selloff that sent Ether and other tokens plunging. Ether fell as much as 9% to $4,075 as nearly half a billion dollars of leveraged long positions in the second-largest token were liquidated according to data from Coinglass. Bitcoin declined 3% to $111,998 at one point. Coins like Solana, Algorand and Avalanche also dropped. Most Read from Bloomberg It was the biggest w ...
Better Stablecoin Buy: Ripple USD vs. PayPal USD
Yahoo Finance· 2025-09-21 09:30
Key Points Ripple USD runs on the same blockchain as the XRP cryptocurrency. PayPal USD is backed by a vast network of retailers, banks, and PayPal users. Both stablecoins are reliable, but one is a safer investment. 10 stocks we like better than PayPal USD › Most cryptocurrencies are volatile investments that aren't suitable for conservative investors. However, stablecoins -- which are pegged to fiat currencies and other real-world assets -- might be compelling cryptos for investors who can't st ...
Think It's Too Late to Buy XRP? Here's Why You Still Have Time.
Yahoo Finance· 2025-09-20 10:14
Key Points XRP intends to make cross-border payments cheaper and faster. Analysts anticipate significant growth in cross-border payments through 2034. XRP should only be a small portion of your portfolio. 10 stocks we like better than XRP › Of the thousands of cryptocurrencies that have been created, many of those have proven useless, but XRP (CRYPTO: XRP) seems to be one of the few exceptions. It's also been one of the more rewarding coins over the 12 months, up over 430% in that time. Consider ...
Ripple (XRP) Volumes Surge 140% as CBOE Confirms XRP ETF Listing
Yahoo Finance· 2025-09-18 20:26
Core Insights - Ripple's price reached $3.10 on September 18, driven by the anticipated Fed rate cut and the launch of XRP ETFs by Rex Shares, resulting in a 5% price increase over the week [1][4] - Rex Osprey launched the first U.S.-issued ETFs for Spot Dogecoin and Spot XRP, with the XRPR ETF primarily holding spot XRP [2] - Institutional demand for ETFs as trading vehicles for cryptocurrencies is emphasized by Rex Osprey's CEO, highlighting the importance of regulatory protections [3] Market Reactions - XRP gained 4% following the ETF news but faced resistance at the $3.10 mark, underperforming compared to other altcoins [4] - XRP futures trading volumes surged by 140%, exceeding $10 billion, while open interest increased by 6.7% to $9 billion, indicating significant market activity [5] - The increase in open interest relative to spot price gains suggests new capital is entering the market, supporting a potential bullish breakout [6] Additional Insights - Rex Osprey's Solana Staking ETF has attracted nearly $300 million in inflows within three months, with Solana's price rising 68% during the same period [7]
Will Ethereum Continue to Rise to New Highs?
Yahoo Finance· 2025-09-18 19:00
Group 1: Ethereum Performance - Ethereum experienced a significant rally, achieving a new all-time high of $4,953.929 per token, with a 16.45% gain in August, closing at $4,345.331 [1] - As of late September, Ethereum's price remained slightly above its August closing level, indicating a sustained bullish trend [1] Group 2: Market Capitalization - Bitcoin's market cap stands at $2.321 trillion, while Ethereum's market cap is $541.258 billion, together accounting for over 70.8% of the total cryptocurrency market cap of $4.04 trillion [3] - Ethereum's value is nearly three times that of Tether, the third-largest cryptocurrency [3] Group 3: Differences Between Bitcoin and Ethereum - The primary distinction between Bitcoin and Ethereum lies in their purpose; Bitcoin serves as an alternative to traditional currency, while Ethereum is designed for complex smart contracts and decentralized applications [4] - Bitcoin is often compared to digital gold due to its scarcity, while Ethereum is crucial for the development of Web3, the next iteration of the internet [5] Group 4: Ethereum's Technological Framework - Ethereum is transitioning to a "Proof-of-Stake" consensus mechanism, allowing validators to create new blocks and validate transactions based on the amount of cryptocurrency they stake [6] - This transition enhances Ethereum's functionality as a decentralized platform for executing smart contracts and applications [6]
Cryptocurrencies: Bitcoin Steadily Climbs
Etftrends· 2025-09-18 17:03
Group 1: Cryptocurrency Overview - The article discusses major cryptocurrencies, specifically Bitcoin, Ether, and XRP, highlighting their foundational differences and market positions [1][6]. - Bitcoin is recognized as the first cryptocurrency and has evolved into a mainstream financial asset since its inception in 2009 [2][3]. - Ether, launched in 2015, operates on the Ethereum blockchain and holds the second-largest market share among cryptocurrencies [4]. Group 2: Price Performance - Bitcoin's closing price has increased, reaching its highest level in four weeks, with a year-to-date increase of approximately 23% and is about 6% below its record close from August 2025 [3]. - Ether's closing price rose over 5% in the past week, now close to $4,600, with a year-to-date increase of around 37% and is approximately 5% below its record close from August 2025 [4]. Group 3: Market Dynamics - An index has been created to compare Bitcoin, Ether, and XRP, using a logarithmic scale to illustrate relative percentage changes and long-term growth since November 9, 2017, with Bitcoin currently leading [6]. - XRP, launched in 2012 by Ripple, was once among the larger cryptocurrencies but has seen its position affected by the emergence of new coins [5]. Group 4: ETF Developments - On January 10, 2024, the SEC approved several spot Bitcoin ETFs from various issuers, including Grayscale Bitcoin Trust ETF and Fidelity Wise Origin Bitcoin Fund [7]. - On July 23, 2024, multiple spot Ether ETFs were launched, including Grayscale Ethereum Trust and Franklin Ethereum ETF, providing new investment opportunities in the Ether market [8].
Bitcoin price set to hit $130,000 after Fed rate cuts, say analysts
Yahoo Finance· 2025-09-18 14:37
Core Insights - The Federal Reserve has cut interest rates, but the crypto market's reaction has been muted, with only BNB reaching a new all-time high of $1,000, indicating a lack of confidence among traders regarding a shift in monetary policy [1] - Predictions from industry experts suggest that major cryptocurrencies like Bitcoin and Ethereum could see significant price increases, with Bitcoin potentially reaching $130,000 and Ethereum $6,000 by year-end [2] - The immediate market response suggests that a single rate cut is insufficient to excite traders, who are awaiting further confirmation of additional monetary easing [3] Market Reactions - Analysts note that the market's lack of enthusiasm reflects a "sell the news" scenario, as cryptocurrencies and equities had already rallied in anticipation of the rate cut [4] - The consensus among analysts is that lower borrowing costs typically benefit risk assets, including cryptocurrencies, suggesting a positive long-term outlook for the crypto market [5] Current Market Data - Bitcoin has increased by 0.8% over the past 24 hours, trading at $117,276 - Ethereum has risen by 2.0% over the past 24 hours, trading at $4,584 [8]
Trump Jr.-Linked Thumzup Stock Sinks 7.7% After $2M Dogecoin Bet
Yahoo Finance· 2025-09-18 13:32
Core Viewpoint - Thumzup Media Corporation is significantly increasing its involvement in cryptocurrencies, particularly Dogecoin, through investments and mining operations, despite a recent decline in its stock price [1][3]. Group 1: Investment in Dogecoin - Thumzup disclosed a $2 million investment in Dogecoin, acquiring approximately 7.5 million tokens at an average price of $0.2665 [1]. - The company's stock fell 7.7% to $4.61 following the announcement but recovered 4.5% in after-hours trading [3]. Group 2: Expansion into Dogecoin Mining - Thumzup is preparing to expand into large-scale Dogecoin mining with the acquisition of Dogehash Technologies, which operates around 2,500 Scrypt ASIC miners [2][4]. - The company plans to deploy 3,500 mining rigs by the end of the year and expects to add another 1,000 rigs by 2025 [3][4]. Group 3: Leadership and Strategic Appointments - Thumzup appointed Jordan Jefferson, CEO of DogeOS, to its Crypto Advisory Board, indicating a commitment to enhancing its digital asset strategy [5][6]. - Jefferson's experience in blockchain development since 2011 is expected to bolster Thumzup's efforts in increasing the utility of Dogecoin [5][6]. Group 4: Company Transformation - Thumzup has transitioned from a social media marketing firm to a crypto-focused company since its founding in 2020 [6]. - The company launched a crypto treasury in January with a $1 million investment in Bitcoin and has since diversified its holdings [7].
SharpLink Announces Participation in Upcoming Digital Assets Conferences
Globenewswire· 2025-09-18 12:00
Company Overview - SharpLink Gaming, Inc. is one of the world's largest corporate holders of Ether (ETH) and a significant advocate for Ethereum adoption [1][2] - The company is headquartered in Minneapolis, Minnesota, and has adopted ETH as its primary treasury reserve asset, aligning itself with the future of digital capital [2] Recent Developments - SharpLink has launched a dynamic ETH dashboard to enhance transparency and investor engagement, providing market data, ETH concentration, and other relevant metrics related to its ETH treasury [3] - The company is actively participating in various digital assets conferences, including DATCON 2025 and Korea Blockchain Week 2025, to engage with investors and industry stakeholders [1][6] Industry Position - SharpLink is reimagining the future of online gaming by building scalable, secure, and transparent solutions that challenge outdated models and enhance user experience [4]
Better Pick for 2026: Dogecoin or Bitcoin?
Yahoo Finance· 2025-09-18 08:12
Group 1 - Dogecoin is the original meme token in the cryptocurrency industry, experiencing extreme volatility with a 250% gain in 2024 but a 14% loss in 2025, remaining 63% below its 2021 record high [1][7] - Bitcoin, with a market capitalization of $2.3 trillion, is the most valuable cryptocurrency and has generated steadier returns over the long term, continuing to reach new highs [2] - Dogecoin was created in 2013 as a joke, peaking at $0.73 in 2021 with a market cap exceeding $90 billion, surpassing some of the largest companies [3] Group 2 - As a meme token, Dogecoin's value is driven by speculative investors, lacking a tangible use case and struggling to attract organic demand, with only 2,088 businesses accepting it as payment [4] - Elon Musk has significantly influenced Dogecoin's price movements through social media advocacy and public appearances, notably during his Saturday Night Live skit in May 2021 [5] - After Musk's lack of a concrete value creation plan became apparent, Dogecoin lost over 90% of its value by mid-2022 and traded sideways throughout 2023 [6]