Ethereum has re-entered a multi-year trading range, showing continued weakness with no signs of bullish momentum. With price now hovering near the channel midpoint, technical indicators suggest the potential for a full rotation back to the range low — a…

Ethereum on thin ice: is a drop below $1,000 imminent?

XRP price started a fresh increase above the $2.20 resistance. The price is 
now correcting gains and might find bids near the $2.050 zone. XRP price 
started a downside correction from the $2.250 resistance zone. The price is 
now trading below $2.120 and the 100-hourly Simple Moving Average. There was a 
break below a connecting bullish trend line with support at $2.140 on the 
hourly chart of the XRP/USD pair (data source from Kraken). The pair might 
extend losses if there is a close below the $2.050 support zone. XRP Price 
Dips Again XRP price started a fresh increase above the $1.980 resistance, 
like Bitcoin and Ethereum. The price climbed above the $2.020 and $2.050 
resistance levels. A high was formed at $2.244 and the price recently started 
a downside correction. There was a move below the $2.120 support zone. 
Besides, there was a break below a connecting bullish trend line with support 
at $2.140 on the hourly chart of the XRP/USD pair. The price even spiked below 
the 50% Fib retracement level of the upward move from the $1.920 swing low to 
the $2.244 high. The price is now trading below $2.120 and the 100-hourly 
Simple Moving Average. On the upside, the price might face resistance near the 
$2.120 level. The first major resistance is near the $2.180 level. The next 
resistance is $2.20. A clear move above the $2.20 resistance might send the 
price toward the $2.250 resistance. Any more gains might send the price toward 
the $2.320 resistance or even $2.350 in the near term. The next major hurdle 
for the bulls might be $2.50. Another Decline? If XRP fails to clear the 
$2.120 resistance zone, it could start another decline. Initial support on the 
downside is near the $2.050 level and the 61.8% Fib retracement level of the 
upward move from the $1.920 swing low to the $2.244 high. The next major 
support is near the $2.00 level. If there is a downside break and a close 
below the $2.00 level, the price might continue to decline toward the $1.920 
support. The next major support sits near the $1.840 zone. Technical 
Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the 
bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is 
now below the 50 level. Major Support Levels – $2.050 and $2.00. Major 
Resistance Levels – $2.120 and $2.180.

XRP Price Pulls Back: Healthy Correction or Start of a Fresh Downtrend?

JP Mullin, CEO of Mantra, said he plans to burn his entire 772,000 OM token 
allocation in response to criticism over the project’s recent collapse and 
insider activity allegations. His statement follows an intense three days of 
scrutiny after the…

Mantra CEO offers to burn his team token allocation as OM remains 88% down from weekly high

Securitize has acquired MG Stover’s fund administration business, making it 
the world’s largest digital asset fund administrator. The news was announced 
in an Apr. 15 press release, in which Securitize said its subsidiary, 
Securitize Fund Services, will now oversee $38…

Securitize acquires MG Stover’s fund services unit, becoming the largest digital asset fund administrator

Healthcare technology firm Semler Scientific has reported paper losses on its 
Bitcoin holdings over the first quarter of this year as the cryptocurrency saw 
a heavy correction.
The firm reported a preliminary unrealized loss from the change in fair value 
of Bitcoin holdings of approximately $41.8 million since Dec. 31, according to 
a filing with the Securities and Exchange Commission on April 15.
Semler declared holdings of 3,182 Bitcoin (BTC) valued at around $263.5 
million as of March 31. During the three-month period, BTC prices fell 12% 
from $93,500 at the beginning of January to $82,350 by the end of March. The 
full correction from its all-time high to the low below $75,000 on April 7 
stands at 32%.
Semler reported expected revenues of $8.8 to $8.9 million and operational 
losses of $1.3 to $1.5 million for the period. It held cash and cash 
equivalents of approximately $10 million as of March 31.
In November, Semler Scientific CEO Doug Murphy-Chutorian said, &#8220;We remain 
laser-focused on acquiring and holding Bitcoin while supporting innovation and 
growth in our healthcare business.&#8221;
Semler is the twelfth largest corporate holder of BTC, ahead of Hong Kong 
gaming firm Boyaa Interactive International Limited, according to Bitbo data.
Semler also reported that it had reached an agreement in principle to pay 
almost $30 million to settle claims related to a civil investigation by the 
Department of Justice.
## Semler floats $500 million securities sale
In a separate April 15 SEC filing, the firm outlined its plan to offer and 
sell securities worth up to $500 million, in part to continue its Bitcoin 
acquisition strategy.
_**Related:**__**Healthcare tech firm Semler buys 871 Bitcoin, yield tops 
150%**_
&#8220;We may offer and sell securities from time to time in one or more offerings, 
up to an aggregate value of $500,000,000,&#8221; it stated. Semler&#8217;s common stock is 
listed on the Nasdaq under the symbol SMLR.
&#8220;Our stock price has been volatile and may continue to be volatile,&#8221; the firm 
cautioned. Shares in the medical firm have fallen 36% since the beginning of 
2025.
_SMLR price year-to-date. Source:__Google Finance_
Semler intends to use the net proceeds from the securities sale &#8220;primarily for 
general corporate purposes, including the acquisition of Bitcoin,&#8221; it 
revealed.
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Semler Scientific reports $42M paper loss on Bitcoin, floats $500M stock sale

Bullish sentiment could be returning to Bitcoin as a key metric from Binance, 
the largest crypto exchange by trading volume, shows that buyers are starting 
to dominate the platform&#8217;s volumes.
The Binance Taker Buy Sell Ratio, which calculates the ratio of buyers to 
sellers of Bitcoin (BTC) in Binance, &#8220;has returned to neutral territory,&#8221; 
CryptoQuant contributor DarkFost said in an April 15 note.
## Bitcoin bullish momentum is &#8220;picking up again&#8221;
The ratio currently stands at 1.008. When the ratio is higher than 1, buyers 
&#8212; usually a bullish sentiment indicator &#8212; dominate volumes, conversely, a 
ratio below 1 indicates that sellers, or bearish sentiment, are dominating.
_Bitcoin is trading at $83,810 at the time of publication. 
Source:__CoinMarketCap_
Bitcoin is trading at $83,810 at the time of publication, down 1.47% over the 
past seven days, according to CoinMarketCap data.
&#8220;Over the past few days, the ratio has been mostly positive, suggesting that 
bullish sentiment is picking up again on Binance&#8217;s derivatives market,&#8221; 
Darkfost said. On April 14, when Bitcoin was above $86,000, the ratio was 
above 1.1.
CoinGlass data shows that if Bitcoin reclaims $85,000, almost $637 million in 
short positions will be at risk of liquidation. Several key market indicators 
suggest that investors continue to favor Bitcoin over altcoins.
CoinMarketCap&#8217;s Altcoin Season Index is currently at 15 out of 100, signalling 
it is still very much &#8220;Bitcoin Season.&#8221; TradingView&#8217;s Bitcoin Dominance Chart 
shows the asset&#8217;s market share is sitting at 63.81%, up 9.82% so far this 
year.
_Bitcoin Dominance is up 9.88% since the beginning of 2025. 
Source:__TradingView_
Overall, crypto market participants are still appearing to feel hesitant. The 
Crypto Fear &amp; Greed Index shows the overall market sentiment on April 16 is in 
&#8220;Fear&#8221; with a score of 29 out of 100.
Some analysts, including DeFiDaniel, commented that Bitcoin&#8217;s recent price 
action is &#8220;so boring.&#8221;
However, Cointelegraph earlier reported that Bitcoin apparent demand is on a 
recovery path, but it is not net positive yet. Historically, 30-day apparent 
demand can move sideways for a prolonged period after Bitcoin reaches a local 
bottom, leading to its price to chop sideways.
_**Related:**__**Bitcoin price recovery could be capped at $90K &#8212; Here&#8217;s 
why**_
Analysts have differing views over where Bitcoin is going to go next.
Real Vision chief crypto analyst Jamie Coutts told Cointelegraph in late March 
that &#8220;the market may be underestimating how quickly Bitcoin could surge &#8212; 
potentially hitting new all-time highs before Q2 is out.&#8221;
AnchorWatch CEO Rob Hamilton said in an April 15 X post that Bitcoin&#8217;s price 
&#8220;is flat for the day because we are in an epic tug of war between people who 
are selling Bitcoin to pay their taxes and people using their refunds to buy 
Bitcoin.&#8221; The tax deadline in the US was April 15.
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This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.