Cardano price has crashed by over 67% from its highest point in 2024 and is at 
risk of further downside as weak technicals coincide with its relatively weak 
fundamentals. Cardano (ADA), one of the biggest players in the crypto 
industry,…

Cardano price risks 30% crash as crypto CEO makes a dire prediction

The cryptocurrency market has been under severe bearish pressure in the past 
week, with the price of Bitcoin falling below this year’s opening price. At 
the same time, other large-cap assets have struggled, registering double-digit 
losses over the past few days. In recent months, conversations have swirled 
around the death of the typical four-year cycle and a shift in the Bitcoin 
market structure, with the spot exchange-traded funds (ETFs) providing fresh, 
consistent liquidity. However, the latest on-chain data shows that BTC ETF 
investors could be under pressure in the coming days. $79,300: The Pain 
Threshold For BTC ETF Buyers In a recent post on the CryptoQuant platform, IT 
Tech shared an insight into the current Bitcoin market dynamics and how it 
could affect the relatively new set of investors known as BTC ETF buyers. 
According to the on-chain analyst, these exchange-traded fund holders are 
“about to face their first real test.” Related Reading: Bitcoin Shows A Clear 
Momentum Reset — Is A Trend Reversal Coming? The relevant metric here is the 
Bitcoin US ETF Realized Price, which tracks the average purchase price of BTC 
held by United States-based exchange-traded funds. This indicator offers 
insights into the profitability of institutional investors and holders. IT 
Tech, however, made an interesting assertion, calling out the idea that ETF 
capital inflows are “Institutional Money.” The crypto analyst noted that most 
value added through US-based exchange-traded funds is mostly from retail 
investors buying through their brokerage accounts. As observed in the chart 
above, the Bitcoin US Exchange-Traded Funds Realized Price currently stands 
around $79,300. IT Tech said that the ETF buyers often feel “smart” when above 
the realized price, while they feel panic (as seen with most retail investors) 
when below their cost basis. According to the on-chain analyst, these ETF 
investors are not accustomed to Bitcoin price declines. Hence, this group of 
exchange-traded fund holders or “new retail,” who have not been tested before, 
could enter a phase of panic selling should they go underwater. Currently, the 
next significant support for the market leader is marked at around $82,000, 
where several spot investors have their cost basis. Ultimately, this 
evaluation makes $79,300 another crucial level to watch should the price of 
Bitcoin suffer further downturn. Bitcoin Price At A Glance As of this writing, 
the price of BTC stands at around $84,500, reflecting an over 2% decline in 
the past 24 hours. According to data from CoinGecko, the flagship 
cryptocurrency is down by more than 11% in the past week. Related Reading: 
Who’s Selling? Here’s The Demographic Driving The Bitcoin, Ethereum, And 
Dogecoin Price Crash Featured image from iStock, chart from TradingView

Buckle Up, Bitcoin ETF Buyers, $79K Might Be Your First Real Test

A solo Bitcoin miner earned 3.146 BTC worth $266,000 with a computing power of 
only 1.2 TH/s, beating massive odds.

‘Extremely lucky’ solo Bitcoin miner beats massive odds to win $266K

The congressional commission that investigated Libra issued its final report, 
which suggests President Milei should be investigated due to his promotion of 
the project. The investigation found that Milei had included his image to 
promote other currencies, like KIP, and reported facing difficulties. Final 
Libra Report: Congress Concludes President Milei Should Be Investigated The 
Facts […]

Argentine Congress Publishes Report: Libra Scheme Not Isolated, Milei Should Be Probed For Misconduct

The XRP price has crashed into a crucial support level where it has failed to 
move below several times since December last year. Ripple (XRP) token dropped 
to a low of $1.8430, down by 47% from its highest level this…

Cryptocurrency price in THB