XRP is experiencing bullish momentum with a projected target of $15.35, driven by whale accumulation of 50 million coins and a surge in derivatives activity over 1,300%. XRP’s bullish flag
Economist Henrik Zeberg has expressed concerns about bitcoin, labeling it a “highly risk-prone asset” and linking its price movements to the Nasdaq. He warns that a downturn in the Nasdaq could lead to a significant decline in bitcoin’s value. Bitcoin Labeled a ‘Risk-Prone Asset’ In a recent analysis, economist Henrik Zeberg raised concerns about the
Cryptocurrencies surged on Monday, lifting the total market value nearly 2% to $4.13 trillion, as Bitcoin climbed close to a fresh all-time high and Ethereum’s rally gathered momentum. Bitcoin rose 3% to $121,900, extending gains from the weekend. Ether added 1.5% to $4,295, capping a week in which it jumped 20% on surging institutional demand. The rally marked one of the strongest altcoin runs in recent months, defying the usual summer slowdown. “Our tactical altcoin model just triggered its longest bullish streak in over a year, and Ethereum’s breakout has traders eyeing a level not seen since 2021,” 10X Research said in a note. El Salvador Opens Institutional Access to Bitcoin Bitcoin’s advance follows El Salvador’s approval of its Investment Banking Law , a measure that could turn the Central American nation into a regional crypto hub. Passed on Aug. 7, the legislation grants licensed investment banks the power to hold Bitcoin and other digital assets alongside legal tender and foreign currency, provided they deal only with sophisticated investors. These institutions must maintain at least $50m in capital and serve clients with market knowledge and a minimum of $250,000 in investable assets. The broader market mood was reinforced by MicroStrategy co-founder Michael Saylor, a prominent Bitcoin advocate, who wrote on X: “If you don’t stop buying Bitcoin, you won’t stop making money.” If you don't stop buying Bitcoin, you won't stop making Money. pic.twitter.com/G9S2gPO1t8 — Michael Saylor (@saylor) August 10, 2025 ETH Treasuries and ETFs Fuel Strong Institutional Demand Ethereum’s climb has been underpinned by record flows into ETH-focused treasuries and exchange-traded funds. Data from Coinglass showed $92.25m in ETH long liquidations in the past day, compared with $117.67m for Bitcoin, indicating aggressive repositioning as prices spiked. Corporate treasuries are playing a growing role in the rally. According to CoinGecko, 17 public companies now hold a combined 1.75m ETH, valued at more than $7.53b. Bitmine Immersion Technologies leads the list with 833,133 ETH worth about $3.59b, followed by SharpLink Gaming with 521,939 ETH and Coinbase with 136,782 ETH. SharpLink’s recent $200m stock offering to expand its Ethereum holdings has added to bullish sentiment, with analysts projecting it could soon become one of the largest corporate holders of the token. ETF flows have also surged . BlackRock’s ETHA ETF absorbed over $254m on Friday, pushing its net assets past $12.3b. Grayscale’s main ETH trust now holds $4.5b in assets, while products from Bitwise, VanEck and Franklin have seen steady inflows. Bullish Hashtags Surge as Retail Traders Pile In Social sentiment reflects the optimism. Analytics firm Santiment noted a spike in bullish hashtags such as #buying and #bullish, with bearish mentions dropping by half. The firm cautioned, however, that excessive retail FOMO could temporarily stall the rally. With Bitcoin nearing $122,000 and Ether within striking distance of $4,500, traders are watching whether momentum can push the two largest cryptocurrencies to fresh highs before the quarter’s end. The post Crypto Market Cap Swells as Bitcoin Pushes Near $122K, Ethereum Eyes $4.5K appeared first on Cryptonews .
Samson Mow predicts that Ethereum investors will switch back to Bitcoin when ETH prices rise sufficiently, but historical market patterns suggest altcoins will continue to grow. Bitcoin maximalist Samson Mow
BitcoinWorld Ethereum Whale’s Astounding Accumulation: 68K ETH Acquired Since June 22 The cryptocurrency world is always buzzing with intriguing movements, and recently, an anonymous Ethereum whale has truly captured attention. Since June 22, this mysterious entity has amassed a staggering 68,000 ETH, valued at approximately $120 million. This significant ETH accumulation highlights a powerful conviction in Ethereum’s future, sending ripples through the market. Who is This Mysterious Ethereum Whale? According to diligent on-chain analysis by crypto observer @ai_9684xtpa on X, a specific address has been consistently adding to its Ethereum holdings. This large-scale acquisition began on June 22, with the average purchase price hovering around $2,597 per ETH. Such focused buying indicates a strategic long-term outlook rather than speculative day trading. Just recently, a substantial transaction occurred: the address withdrew 8,745 ETH directly from the Binance Exchange. This move suggests the whale is moving assets to a self-custody wallet, further emphasizing their intent to hold these assets for an extended period. Understanding the patterns of a large ETH holder like this is crucial for market watchers. Understanding Large ETH Accumulation When an Ethereum whale undertakes such a massive accumulation, it’s rarely a random event. These entities often possess deep market insights or are making calculated moves based on extensive research and conviction. Their actions can significantly influence market sentiment and, potentially, price action. Market Confidence: Large purchases by whales can signal confidence in the asset’s future, encouraging other investors. Supply Dynamics: Removing significant amounts of ETH from exchanges can reduce the available supply, potentially creating upward price pressure. Strategic Positioning: Whales often accumulate during periods of market consolidation or slight dips, positioning themselves for future rallies. This particular instance of ETH accumulation demonstrates a strong belief in Ethereum’s ecosystem and its upcoming developments. What Drives Crypto Whale Activity? Crypto whale activity is a fascinating aspect of the digital asset landscape. Several factors typically drive these significant movements: Fundamental Belief: A strong conviction in the underlying technology and long-term potential of a blockchain like Ethereum. Macroeconomic Trends: Whales might be positioning assets in anticipation of broader economic shifts, such as inflation or interest rate changes. Technological Milestones: For Ethereum, major upgrades like the upcoming Dencun or future developments could be strong motivators for a large ETH holder to increase their stake. Arbitrage Opportunities: While less likely for such large, sustained accumulation, some whale activity can stem from exploiting price differences across exchanges. The anonymity of this particular whale adds an element of intrigue, making it difficult to pinpoint the exact rationale behind their extensive buying spree. However, the sheer volume speaks volumes about their bullish stance. Implications for the Ethereum Market The continuous ETH accumulation by this anonymous whale could have several implications for the broader Ethereum market. Firstly, it reduces the circulating supply available on exchanges, which, if demand remains constant or increases, could lead to price appreciation. Secondly, such visible on-chain analysis of large purchases can inspire retail investors and smaller institutions, creating a positive feedback loop. Furthermore, the fact that a significant portion of these holdings was withdrawn from Binance suggests a move towards cold storage, indicating a long-term investment strategy rather than short-term speculation. This behavior often precedes periods of sustained growth, as it removes a large block of ETH from immediate selling pressure. In conclusion, the relentless ETH accumulation by this anonymous Ethereum whale since June 22 is a powerful signal in the crypto space. It underscores a deep conviction in Ethereum’s value proposition and future growth. While the identity of this large ETH holder remains a mystery, their actions provide valuable insights into market sentiment and potential future trends. Monitoring such significant movements through on-chain analysis continues to be a vital practice for anyone navigating the dynamic world of cryptocurrencies. Frequently Asked Questions (FAQs) Q1: What is an Ethereum whale? A: An Ethereum whale is an individual or entity that holds a very large amount of Ethereum (ETH), typically enough to influence market prices or sentiment through their transactions. Q2: How much ETH did the anonymous whale accumulate? A: The anonymous whale accumulated 68,000 ETH, valued at approximately $120 million, since June 22. Q3: What does ‘on-chain analysis’ mean? A: On-chain analysis involves examining data directly from a blockchain’s public ledger, such as transaction volumes, wallet addresses, and token movements, to gain insights into market behavior and trends. Q4: Why is a whale moving ETH from an exchange to a private wallet significant? A: Moving ETH from an exchange to a private (cold) wallet typically indicates a long-term holding strategy, as it removes the assets from immediate trading availability and reduces selling pressure on exchanges. Q5: How can large ETH accumulation affect the market? A: Large ETH accumulation can signal strong bullish sentiment, reduce circulating supply on exchanges, and potentially lead to upward price pressure due to increased demand relative to available supply. Did you find this deep dive into the anonymous Ethereum whale ‘s activities insightful? Share this article with your friends and fellow crypto enthusiasts on social media to spread the word about significant market movements! To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action. This post Ethereum Whale’s Astounding Accumulation: 68K ETH Acquired Since June 22 first appeared on BitcoinWorld and is written by Editorial Team
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