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Bitcoin (BTC) dropped below $115,220 on Friday, down 3.01% in the last 24 hours, as the cryptocurrency faces pressure from massive whale movements that crypto analyst Crypto Patel describes as a potential “major distribution event.” BTC 24-hour price chart. Source: Finbold  Using Arkham data, the Analysis reveals that a major Bitcoin OG with 80,009 BTC (~$9.6 billion) has been systematically moving large amounts of Bitcoin through Galaxy Digital.  The whale’s timeline  The massive sell-off began on July 15, when the whale sent 9,000 BTC ($1.06 billion) to Galaxy Digital, followed by another 7,843 BTC ($927 million), totaling 16,843 BTC ($2 billion) moved to Galaxy on that day alone. Galaxy Digital immediately began depositing the Bitcoin to exchanges, with 2,000 BTC ($236 million) going to Binance and Bybit platforms. Later, on July 15, an additional 40,009 BTC ($4.68 billion) was transferred to Galaxy Digital.  On July 17, th...

Jeffrey Wilcke, one of Ethereum’s (ETH) original co-founders, has executed a major transaction, transferring over $260 million, a move that could trigger volatility in the asset. Wilcke moved 105,737 ETH, worth approximately $262 million, to the Kraken cryptocurrency exchange, representing nearly all of his Ethereum holdings, according to on-chain data retrieved by Finbold from Arkham Intel on May 20. Jeffrey Wilcke ETH transactions. Source: Arkham Intel Historically, large transfers, mainly from insiders to centralized exchanges, have preceded increased market volatility.  Wilcke has made similar moves before, notably on November 28, 2024, when he deposited ETH to Kraken while the token traded at $3,625. Possible ETH price volatility  The timing of this deposit comes as Ethereum remains one of the best-performing digital assets in recent weeks, supported by broader market sentiment and renewed investor confidence following network upgrades....

Altcoins are rising in value on the crypto market recently, indicating that the infamous “altcoin season” is finally heating up. Assets like Ethereum, Solana, and XRP are up in the past week, with trading volume around the crypto market also up. With Bitcoin reclaiming $104,000 and recent triple-digit returns from altcoins, the season has begun after a long wait. This week, the market cap of Tether (USDT) eclipsed $150 billion for the first time. USDt’s circulating supply has expanded by over 36% in the past year alone, and is a sign that there is growing momentum in the digital asset sector. Meme coins are also booming, especially via the Solana Network. Coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe coin (PEPE) are all up by double digits in the last seven days as well. Technical charts and market sentiment align to suggest that this May will start a broader altcoin rally, driven by key indicators and shifting capital flows. The TOTAL2 chart, representing the tota...

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XRP is staging a comeback after a sharp selloff, despite ongoing market uncertainty. The cryptocurrency has struggled following a broader crypto downturn, triggered by the rollout of tariffs by the Donald Trump White House. Despite these setbacks, analysts maintain a bullish long-term outlook for XRP, mapping out a trajectory that could see the asset rallying toward $5.85 and beyond if key technical levels hold. Technical analysis points to a bullish breakout XRP’s price structure suggests a clear bullish trajectory, with multiple indicators supporting the case for a rebound.  Picks for you Tesla shipped nearly 4,900 vehicles a day in 2024 52 mins ago Trader gives all his profit back and loses $21M with TRUMP amid tariffs crash ...

Chainlink (LINK) is in the midst of a price surge, after months of its price tumbling. At press time, LINK is trading at $12.24, up 17% in the last seven days. August was a troublesome month for the asset, however, several indicators are projecting this to be the start of a huge rise. The overall market has recovered from the bear phase in August, with Bitcoin taking charge as the king coin in town. When Bitcoin surges in price, typically other coins in the industry follow, including meme coins and altcoins. Chainlink has been one of the biggest recent beneficiaries of this surge. Investors are eyeing additional gains as LINK continues to trade in a bullish trend. Source: Cryptonomist Also Read: Cardano Founder Calls Ethereum a “Dictatorship” Chainlink (LINK) is the top altcoin on the cryptocurrency market. Numerous signs signaled this coming rise, and that currently reveals the surge will continue. The top altcoin is hovering above the $12 support level, indicating strong market senti...

The second largest crypto could be set to reverse in a big way, as Ethereum targets $3,000 in what would be a massive bounceback for ETH. The asset’s realized losses recently hit a 2024 high amid a recent crash. Yet, that could be in the rearview as the token looks to surge. Investor outlook looks to be fueling immense momentum for Ethereum. Specifically, the sentiment seems to have shifted from selling to buying. An increase in investor confidence, and overcoming a lackluster ETH ETF debut could be key in ending August on a positive note. Also Read: Ethereum to Skyrocket: Apple NFC & Circle’s USDC Integration Ethereum Eyes $3,000 as It Attempts Massive Reversal Ethereum has surprisingly faltered in August. Due in large part to the flash crash that took place earlier this month, the asset has failed to generate any momentum. Over the last 30 days, it has fallen more than 23%, according to CoinMarketCap. That has led it to mostly consolidate at its current $2,635 level. That could ...