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Ethereum (ETH) and Ripple (XRP), two of the crypto market’s most established altcoins, are showing mixed signals as Q2 2025 begins. Despite periods of renewed optimism, both assets appear to be losing traction.
Ethereum is currently trading between $1,400 and $1,500, with analysts noting that while technical indicators suggest a potential upside, the lack of sustained volume and on-chain engagement could hinder further progress. Ripple’s XRP, meanwhile, is trading near $1.7917, following a brief surge in the aftermath of its settlement with the U.S. Securities and Exchange Commission. However, the long-term trajectory for the token remains unclear, with market sentiment still cautious. 2 replies
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MicroStrategy Inc., the business-analytics software company that touts itself as the largest bitcoin-treasury company, disclosed Monday that it recorded nearly $6 billion in losses on its cryptocurrency assets during the first quarter.
Shares of the Virginia-based company which now does business as Strategy, dropped 6.3% in afternoon trading Monday.
The company had managed to escape last week’s stock-market turmoil, as its stock rose 1.5% while the S&P 500 index sank 9.1%, with bitcoin acting as a bit of a safe-haven play at the end of last week.
While the cryptocurrency was showing this relative strength, Strategy said in a filing with the U.S. Securities and Exchange Commission that it did not buy any bitcoin during the period between March 31 and April 6. The last purchase it made was spending $1.9 billion to buy 22,048 bitcoin during the week through March 30.
During the first quarter, the company said it bought 80,715 bitcoin for a total of $7.66 billion, at an average price of $94,922 per bitcoin. 1 reply
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Cryptocurrencies rise Friday, bucking broader market meltdown
Bitcoin rose on Friday after China retaliated against President Donald Trump's tariffs, while stocks continued to crater following their worst day since 2020.
The price of the flagship cryptocurrency rose more than 2% to $83,959.19, according to Coin Metrics. Earlier, it rose as much as $84,717.51. Most of the major cryptocurrencies were also in the green Friday. Solana and dogecoin jumped about 6% each.
Most crypto-related stocks fell again, however, with Coinbase down about 6%. The bitcoin proxy MicroStrategy advanced nearly 4%. Meanwhile, spot gold fell 2.4% to $3,037.30 an ounce, while U.S. gold futures were down 2.05% at $3,057.90.
Investors were rattled for a second day after China's commerce ministry on Friday said the country will impose a 34% levy on all U.S. products, matching the tariff Trump revealed Wednesday on Chinese goods coming into the U.S. 1 reply
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