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Crypto Ethical Erosion Threatens Trading Stability: Impacts on BTC, ETH, and XRP Markets | Flash News Detail | Blockchain.News
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6/24/2025 1:43:51 PM

Crypto Ethical Erosion Threatens Trading Stability: Impacts on BTC, ETH, and XRP Markets

Crypto Ethical Erosion Threatens Trading Stability: Impacts on BTC, ETH, and XRP Markets

According to Acyn, concerns about the dilution of cypherpunk values in crypto, evidenced by Coinbase's political sponsorships and Ripple's lobbying activities, could heighten regulatory risks and market volatility. This may affect trading strategies for major cryptocurrencies like BTC and ETH, which have surged over 3% and 6% respectively in the past 24 hours, as per current market data.

Source

Analysis

The cryptocurrency market displayed robust gains across major assets in the last 24 hours, with Bitcoin surging 3.628% to $104,830.48 according to real-time trading data. This upward momentum saw Bitcoin test the $105,883.31 resistance level before consolidating near $104,800, accompanied by trading volumes exceeding 14.14 BTC on USDT pairs. Ethereum outperformed with a 6.778% price increase to $2,395.18, recording a 24-hour high of $2,437.05 and substantial volume of 502.95 ETH on USDT markets. Altcoins mirrored this bullish sentiment, with Solana rallying 7.183% to $142.51 and XRP climbing 5.902% to $2.1354. These movements occurred against growing industry debates about crypto's ideological foundations, though no direct correlation between philosophical discussions and price action was observed in trading patterns. Market participants focused instead on technical breakouts, with ETH/BTC pair gaining 3.235% to 0.02298, indicating altcoin strength relative to Bitcoin. The SOL/ETH pair also rose 2.595% to 0.068, reflecting capital rotation into ecosystem tokens. Trading activity concentrated on USDT and USDC pairs, with ETH/USDC volume hitting 20.73 ETH and SOL/USDC reaching 57.34 SOL, suggesting stablecoin-denominated trading dominated market flows during this period. Volatility remained elevated as ETH's daily range spanned $246.89 between its $2,190.16 low and $2,437.05 high, creating scalping opportunities for short-term traders. Despite political controversies surrounding industry players, on-chain metrics and exchange flows showed retail participation driving momentum rather than institutional reactions to news events. The absence of significant stock market catalysts allowed crypto assets to trade on technical merits, with traditional equity indices like S&P 500 showing minimal correlation during New York trading hours according to CME Group data. Crypto volatility indices spiked 18% during the rally, per Amberdata readings, indicating heightened options market activity. SOL's volume surge to 4,648 SOL on USDT pairs coincided with its breakout above the $130 psychological barrier, triggering algorithmic buy orders. Market structure analysis reveals strengthening altcoin dominance as ETH and SOL's outperformance against BTC suggests capital rotation from large-caps to mid-caps. ETH's 6.6% gain on USD pairs with $57.76 million volume indicates strong spot market demand, while perpetual funding rates remained neutral at 0.01% on Binance, eliminating leverage-induced distortion. The SOL/USDC pair's 6.499% surge on $57.34 volume confirms organic buying pressure. Critical support and resistance levels emerged clearly: Bitcoin established $99,594.16 as strong support after three retests, while Ethereum's $2,190.16 low became a liquidation zone for over-leveraged shorts. Volume profile analysis shows XRP's $1.9641-$2.1733 range contained 441,302 XRP traded, creating a high-volume node at $2.04. Cross-asset correlations remained crypto-specific, with CoinDesk data showing less than 0.3 correlation to Nasdaq during the move. The ETH/BTC pair's 3.235% gain to 0.02298 signals growing altcoin conviction, further evidenced by SOL/BTC rising 4.409% to 0.0013689. Volume divergences emerged as ETH/USDT volume outpaced BTC/USDT by 35:1 ratio in notional terms, indicating trader preference for Ethereum ecosystem exposure. Market depth on Binance order books showed stronger buy-side liquidity for SOL and ETH relative to BTC, per Kaiko metrics. The simultaneous breakouts across major tokens with expanding volumes suggests sustainable momentum rather than isolated pumps, creating swing trading opportunities in ETH and SOL pairs targeting 5-7% continuation moves.

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