Ether supply squeeze looms with exchanges holding lowest levels since 2015

Brazil's live orchestra has received approval to transform Bitcoin price movements into musical compositions, with a live performance scheduled in the federal capital, marking a unique intersection of art and cryptocurrency.

Bitcoin exchange-traded funds (ETFs) have experienced a third consecutive day of outflows, while Ether ETFs have turned positive, indicating a shift in investor sentiment. This development comes amidst a broader market context where Bitcoin and Ether have faced significant losses recently, collectively shedding $1.14 billion in value due to liquidity concerns.

Bitcoin and major altcoins, including ETH and SOL, experienced notable price movements following Donald Trump's prediction of the largest tax refund season in U.S. history, linking cryptocurrency trends to political developments. Traders are weighing the potential for increased consumer spending against concerns regarding U.S. debt and fiscal policy.

Recent reports indicate a decline in the number of cryptocurrency hacks, yet the threat landscape is evolving with more sophisticated supply chain attacks emerging as protocol security improves. This shift highlights a growing concern for the integrity of crypto systems as attackers adapt their strategies.

Ethereum's price is currently under significant downside pressure, struggling to maintain levels above the point of control (POC) after multiple rejection attempts, with targets now set around $2,600. This follows a broader trend of volatility in the cryptocurrency market, where Ethereum has recently faced challenges in holding critical support levels.

Ethereum is increasingly being utilized by Wall Street for tokenized money, faster settlements, and regulated on-chain infrastructure, despite institutions refraining from explicitly naming the blockchain. This trend highlights a growing acceptance of blockchain technology in traditional finance.