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Cryptocurrency News Articles
title: Ethereum (ETH) Keeps Collapsing Against Bitcoin (BTC), Setting a New Yearly Low of $1411
Apr 09, 2025 at 04:48 am
Ethereum ETHUSD, the leading altcoin by market capitalization, keeps collapsing against Bitcoin BTCUSD. Earlier this Tuesday, the ETHBTC pair tanked to a multi-year low of 0.01896 BTC.
Ethereum (ETHUSD) price continues to decline sharply against Bitcoin (BTCUSD), with the ETHBTC pair falling to its lowest level in several years.
Ethereum (ETHUSD) price continues to decline sharply against Bitcoin (BTCUSD), with the ETHBTC pair falling to its lowest level in several years.
Earlier Tuesday, the ETHBTC pair dropped to a multi-year low of 0.01896. It is also set to post five consecutive months of losses.
Earlier Tuesday, the ETHBTC pair dropped to a multi-year low of 0.01896. It is also set to post five consecutive months of losses.
ETHBTC is now lagging by more than 50% in 2025, and its downward momentum remains strong.
Earlier in the day, the Ether price slipped to a new yearly low of $1,411. The altcoin is also approaching the $1,400 level, which has not been breached since March 2023.
According to CoinGecko data, Ethereum ETHUSD was the worst performer among major cryptocurrencies over the past 24 hours. It trailed meme coin Dogecoin DOGEUSD and Cardano ADAUSD.
According to CoinGecko data, Ethereum ETHUSD was the worst performer among major cryptocurrencies over the past 24 hours. It trailed meme coin Dogecoin DOGEUSD and Cardano ADAUSD.
Meanwhile, Bitcoin's market dominance rose above the 60% level.
Stock market rout continues
Major cryptocurrency prices dropped sharply earlier Tuesday amid rapidly escalating trade tensions. The U.S. tariff rate on imports from China is set to rise to an incredible 104%.
The shares of tech giant Apple (APPL) slid by 5%. Microsoft (MSTF) has now regained the title of the world's most valuable company.
The shares of tech giant Apple (APPL) slid by 5%. Microsoft (MSTF) has now regained the title of the world's most valuable company.
According to the report, the prices of major cryptocurrencies, including Bitcoin and Ether, dropped sharply in early Asian trading on Tuesday. The declines followed a broader market selloff that saw U.S. stock futures fall sharply overnight.
The declines in the U.S. equities market came as trade tensions between the U.S. and China escalated once again. Earlier this week, the Biden administration announced that it would impose a 104% tariff rate on imports from China, beginning next year.
The move is part of the administration's effort to deter China from exporting goods to the U.S. at below-market prices, a practice known as dumping.
The tariffs on Chinese goods are set to take effect on January 1, 2024. The U.S. Trade Representative's office said in a statement that the tariffs will be imposed on "a wide range of products," including solar panels, steel, and chemicals.
The tariffs are expected to have a significant impact on American consumers and businesses, who will pay higher prices for goods from China.
The setbacks come after a stellar rally in 2023, fueled by optimism over the U.S. economy and the potential for a pause in interest-rate hikes by the Federal Reserve.
However, recent economic data has pointed to sticky inflation and a resilient labor market, suggesting that the Fed might keep monetary policy tighter for longer.
The S&P 500 futures slid by 1.6%, while Nasdaq 100 futures fell by 2%.
Tech giant Apple shares dropped by 5% in premarket trading after reporting a smaller-than-expected rise in third-quarter revenue.
Microsoft shares rose slightly, putting it back in the spot of the most valuable company in the world.
According to a recent report by Trading Economics, inflation in the U.S. is expected to remain above the Fed's 2% target this year and next.
According to a recent survey of economists, inflation in the U.S. is expected to remain above the Fed's 2% target this year and next.
According to a recent report by Trading Economics, inflation in the U.S. is expected to remain above the Fed's 2% target this year and next.
According to a recent report by Trading Economics, inflation in the U.S. is expected to remain above the Fed's 2% target this year and next.
According to a recent report by Trading Economics, inflation in the U.S. is expected to remain above the Fed's 2% target this year and next.
According to a recent report by Trading Economics, inflation in the U.S. is expected to remain above the Fed's 2% target this year and next.
According to a recent report by Trading Economics, inflation in the U.S. is expected to remain above the Fed's 2% target this year and next.
According to a recent report by Trading Economics, inflation in the U.S. is expected to remain above the Fed's 2% target this year and next.
According to a recent report by Trading Economics, inflation in the U.S. is expected to remain above the Fed's 2% target this year and next.
According to a recent report by Trading Economics, inflation in the U.S. is expected to remain above the Fed's 2% target this year and next.
According to a recent report by Trading Economics, inflation in the U.S. is expected
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- Donald Trump's Tariffs Will Push Bitcoin Closer to Achieving the Safe Haven Asset Status
- Apr 18, 2025 at 01:00 am
- That's according to Messari analyst Dylan Bane, who sees the US President's trade taxes on some 100 countries working as a catalyst that could move the cryptocurrency away from simply following the ebbs and flows of stock markets.
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- After Deputy Attorney General (DAG) Todd Blanche Sent a Memo to Employees of the Department of Justice
- Apr 18, 2025 at 12:55 am
- Last week, Deputy Attorney General (DAG) Todd Blanche sent a memo to employees of the Department of Justice, directing the agency to stop prosecuting mixers, exchanges, and “offline wallets”
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