Bitcoin Sees Price Rebound Amid Developer Departure, While Ethereum Faces Liquidation Risks
Bitcoin Sees Price Rebound Amid Developer Departure, While Ethereum Faces Liquidation Risks
The cryptocurrency market is experiencing mixed signals, with Bitcoin showing resilience through a significant rebound to $65,000, driven by institutional 'buy-the-dip' activity. This surge occurred despite a broader market wipeout. However, the Bitcoin ecosystem also faces a notable change as a key Bitcoin Core maintainer steps down after six years of influential work.
In contrast, Ethereum is under pressure, with reports indicating substantial ETH dumps by Trend Research, pushing the asset close to critical liquidation levels. Meanwhile, the wider digital asset space grapples with ongoing trends like the use of privacy coins in post-hack fund flows and a sharp decline in the NFT market capitalization to pre-2021 hype levels.
Bitcoin Core maintainer Gloria Zhao has stepped down and revoked her PGP signing key after six years as one of the project’s most influential mempool and policy engineers.
Privacy coins often appear after hacks, but they are only one link in a longer laundering chain that includes swaps, bridges and off-ramps.
Trend Research has been reducing its Ether exposure, as ETH price closed in on some of the investment company's critical liquidation levels below $1,700.
Over $2.6 billion was wiped out across the crypto market as institutions saw sub-$60,000 BTC as a buy-the-dip opportunity.
NFT minting expanded in 2025 even as sales fell sharply, leaving more tokens chasing fewer buyers.