Is SharpLink Gaming Offloading Ethereum? Linked Wallet Moves 10,975 ETH to Galaxy Digital OTC

Dogecoin has experienced a significant decline, dropping below the $0.1550 mark against the US Dollar. The cryptocurrency is consolidating losses and may encounter resistance near $0.1560. Following a drop below the $0.150 level, Dogecoin's price has shown bearish trends, with a low recorded at approximately $0.1448. This decline mirrors the broader bearish sentiment affecting major cryptocurrencies like Bitcoin and Ethereum.

XRP price has entered a new decline, trading below $2.050 and struggling against resistance near this pivot level. The price fell below the $2.00 support level, forming a low at $1.957. Currently, XRP is consolidating losses below the 23.6% Fib retracement level of the recent downward move, indicating a bearish trend.

Bitmine has acquired an additional 17,242 ETH, valued at approximately $49 million, as part of its ongoing investment strategy in Ethereum. This purchase comes amid warnings from chairman Tom Lee regarding the ongoing challenges of weak liquidity among market makers in the cryptocurrency sector.

Ethereum's price has declined below $3,000, testing a low of $2,770. The cryptocurrency is currently attempting to recover but faces resistance around $2,880. A bearish trend line is forming with resistance at $3,050, and if Ethereum settles below the $2,800 zone, further declines may occur.

Coinbase has launched Ethereum-backed loans for eligible U.S. customers, allowing users to borrow up to $1 million in USDC without selling their ETH holdings. This new offering aims to enhance liquidity for users while leveraging their existing cryptocurrency assets.

Crypto analyst Will Taylor from Cryptoinsightuk argues that discussions about an XRP bear market are premature. He maintains that XRP's higher-time-frame structure and liquidity profile remain bullish, despite recent volatility. Taylor emphasizes that XRP is trading above a multi-year resistance level, which now serves as support, and believes that as long as this support holds, the market is not in a confirmed long-term downtrend.

Dave Portnoy, founder of Barstool Sports, has made a significant return to the cryptocurrency market with a $1 million investment in XRP. This move comes amid a challenging period for XRP, which has seen a nearly 15% decline in value recently. Portnoy's purchase, alongside investments in Bitcoin and Ethereum, has sparked curiosity about his market insights and the potential for XRP's recovery.

Ethereum is currently at a crucial on-chain support level, which has historically indicated significant market reversals. Recently, the price of ETH dropped to $2,870 but quickly rebounded following Nvidia's earnings report, suggesting a potential recovery. The behavior around this support level is critical for confirming the long-term trend of Ethereum's price.