Cryptocurrency
What Bull Run? Ethereum (ETH) Posted 4 Straight Months of Losses

The predominant belief is that the cryptocurrency market is in a bull market state that started somewhere around the US elections. Although the past few months didn’t go all that well for most cryptocurrencies, many analysts believe this is just a traditional correction in the broader bull cycle.
But is that true for all digital assets? Let’s check out ETH.
4 Red in a Row
The overall landscape around Ethereum is not all that promising. The largest PoS blockchain faces a substantial revenue decline in terms of fees, while the network itself saw a delay in implementing the next big update, Pectra.
In addition, the network activity has slumped to new lows, which ultimately increases the production of ETH and thus raises the token’s inflation rates. Something that the Merge was supposed to prevent.
Whether these reasons are to blame or there’s more, the undeniable fact is that ETH has underperformed in the past year, and especially since the start of the aforementioned bull market. Back then, the second-largest cryptocurrency stood at $2,400. In the following months, it exploded to over $4,000 on a couple of occasions but couldn’t maintain its momentum and was stopped there.
Not only did it fail to chart a new all-time high, unlike its main rival Solana or even Bitcoin, but the subsequent correction (or end of bull market if you wish) pushed it south so hard that it plunged below $2,000. Its crash went further, driving it down to $1,800 as of now. This means that ETH has erased all the post-election gains and more, as it currently trades 25% lower than it did on November 5.
The monthly charts paint a clear and painful picture. After the explosive November, when ETH closed with a 47% surge, the following four months ended in the red. February and March were particularly violent, with monthly declines of 32% and 18.7%, respectively.
As the graph by CoinGlass shows, ETH’s monthly closures were in the red in nine out of the last 12 months.
What’s Ahead?
With ETH also marking its worst quarterly performance since 2018 with the end of Q1, the focus now goes to – what’s next? Obviously, making predictions about any asset’s future performance is nothing short of speculation. However, we can check what history tells us.
While some analysts believe the current Ethereum prices are a gift for long-term holders, ETH’s Q2s are supporting this view, with one big, massive exception. The asset has registered gains in all but two second quarters since 2016. In fact, it was on a roll of six consecutive ones until that streak came to a screeching end in 2022 with a whopping 67% decline.
Q2 2023 was back in the green, while last year’s ended with a minor decline. So, yes, history is no indication of future price performances, but desperate ETH bulls will certainly hope to reignite the 2016-2021 streak, especially given the triple-digit surge in 2017.
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Cryptocurrency
Simulation Game ‘Infected’ Leaves Base for Solana Over Transaction Bottlenecks

The team behind Infected, a speculative pandemic-simulation game that recently gained viral traction, announced its decision to migrate from Ethereum’s Layer-2 network Base to the Solana blockchain.
The announcement was made via the game’s official X account. It cited Base’s inability to handle transaction volume during the game’s launch and broader concerns about the scalability of EVM-based chains.
Infected Ditches Ethereum’s Layer 2 for Solana
“Infected crashed Base,” the team stated, referencing the game’s launch, which attracted 130,000 sign-ups within 48 hours. The sudden demand led to a spike in gas prices and failed transactions, especially in the first 30 minutes.
This issue, according to the developers, significantly impacted the game’s momentum and user experience. Describing the incident, they noted that many users were unable to participate and subsequently abandoned the game, which runs on a 7-day cycle reliant on real-time interaction.
While the developers acknowledged that the issue was not unique to Base, they framed it as part of a larger, ongoing limitation across all EVM-compatible chains. Despite previously believing Layer 2 solutions were the future of Ethereum scalability, the team said that it now views these bottlenecks as structural and unresolved in the near term.
The shift to Solana was also driven by what the team identified as two key advantages: culture and user base. They drew a contrast between Ethereum’s technically advanced but builder-focused ecosystem and Solana’s more user-oriented approach. According to the post, Solana’s developer community is more closely aligned with current consumer behavior, as seen in the success of other Solana-native applications such as Pump.fun and DAOs.fun.
Additionally, user feedback played a role in the decision. The Infected team said many players requested a version of the game built on Solana to avoid the need to bridge assets. The post read,
“If they are on XRP, we’d go to XRP. If that was Bitcoin mainnet, we’d go there. But today’s users are on Solana.”
The team also highlighted that their future games will also launch on Solana, aligning with what they see as the best available infrastructure for high-volume, consumer-facing applications.
Response
Head of Base and Coinbase Wallet Jesse Pollak responded to Infected’s announcement, saying that while he respected teams building on any platform, he felt compelled to clarify what he described as factual inaccuracies.
“Base did not crash – the chain hummed along, just as it should.”
He wrote that the technical issues experienced during Infected’s launch were related to frontend problems, which the game’s team had previously acknowledged and discussed with Base. The Infected team, however, denied this claim.
Meanwhile, Pollak added that the team behind the Coinbase-incubated network had reached out to Infected immediately after their migration announcement, but had not received a response.
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Cryptocurrency
Here’s Why Bitcoin Fell 12% in Q1 Despite Heavy Corporate Buying

The first quarter of 2025 turned out to be the worst Q1 bitcoin (BTC) has seen in seven years. The leading digital asset lost at least 12% of its value between January and March despite heavy accumulation from corporate entities.
The market analytics platform CryptoQuant explained that long-term holders’ on-chain activity is why BTC plummeted significantly despite major corporate buying.
Corporate Entities Accumulate Heavily
Public companies that have embraced Bitcoin acquired a total of 91,781 BTC in Q1 2025. The business intelligence firm Strategy (formerly known as MicroStrategy) made the highest purchases, totaling 81,785 BTC worth about $8 billion. The entity now holds 528,185 BTC worth $45.64 billion at press time.
CryptoQuant said the 8,888 BTC acquisition by the stablecoin issuer Tether was surprising. The purchase brought the company’s BTC stash to 92,646 BTC, valued at approximately $7.96 billion at bitcoin’s current price.
Besides Strategy and Tether, other companies that bought BTC include the venture capital firm Metaplanet, healthcare technology provider Semler Scientific, and The Blockchain Group, which develops blockchain technologies for business sectors. Between January and March, Metaplanet topped its bitcoin stash with 2,285 BTC, Semler Scientific acquired 1,108 BTC, while The Blockchain Group purchased 605 BTC.
In addition to the acquisitions, a few more companies have revealed plans to acquire BTC in the new quarter. One of them is the leading Bitcoin mining entity Marathon Digital, which unveiled a $2 billion stock sale geared toward buying BTC. Also, the electronics retail company GameStop has proposed a $1.5 billion convertible notes offering to buy BTC after adopting a Bitcoin reserve strategy.
Long-term Holders Sold
Amid all these acquisitions and BTC purchase announcements, BTC closed Q1 2025 with a negative return of 12%. CryptoQuant attributed the decline to selling activity by long-term holders. The supply of this cohort of investors dropped by 178,000 BTC, adding selling pressure to the cryptocurrency and offsetting the bullish momentum from corporate buys.
Moreover, the selling pressure was intensified by outflows from spot Bitcoin exchange-traded funds (ETFs) – investors withdrew at least $4.8 billion from these funds in the first quarter.
As the second quarter begins, CryptoQuant sees an impending battle between fresh purchases stemming from corporate demand and selling pressure from existing holders cashing out. It remains to be seen if BTC will end Q2 on a positive note.
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Cryptocurrency
Here’s What Can Trigger XRP’s Next 30% Surge: Analyst

TL;DR
- Ripple’s cross-border token is currently trading around a crucial level that can determine whether it shoots up by double digits or slumps hard.
- The worst-case scenario, though, sees the asset dropping to $1.3.
The renowned crypto analyst Ali Martinez has outlined multiple times the importance of the $2 support for XRP’s future price movements. The asset tested it on a couple of occasions in the past month, dipping below it twice since March 11.
However, it ultimately withstood the pressure and helped XRP remain among the top performers since the US elections in early November. Moreover, Ripple’s token bounced off quite impressively after the March 11 crash and shot up to $2.6 within the next week.
That price surge transpired after Brad Garlinghouse, the company’s CEO, announced that the lawsuit against the SEC had effectively ended.
Since then, though, XPR has failed to recapture its momentum and slipped below $2 earlier this week, charting a 24% decline amid the escalating Trade War.
As mentioned above, the $2 support remained strong, and XRP now trades at $2.15. Martinez believes holding that level could serve as a propeller for the next leg up, which could push its price north by 30%.
If $XRP can stay above the key $2 level, a 30% move toward the channel’s upper boundary at $2.60 could be next! pic.twitter.com/tBXV0Y28De
— Ali (@ali_charts) April 5, 2025
However, he also highlighted a bearish scenario in which $2 is broken to the downside. In this case, the fourth-largest cryptocurrency by market cap risks dropping all the way down to $1.3 as there’s not much support between these two levels given XRP’s explosive surge in November and December last year.
$XRP is breaking out of a head-and-shoulders pattern, setting the stage for a potential move to $1.30! pic.twitter.com/L5rlE4eXIc
— Ali (@ali_charts) April 4, 2025
Nevertheless, Martinez is overall predominantly bullish on XRP, as the TD Sequential also recently flashed a buy signal on the daily chart.
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