Tag: Rally

Bitcoin Pulls Back From $122K, Is the Rally Losing Steam or Just Pausing?

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Bitcoin’s recent rally pushed the cryptocurrency to retest the $122,000 level before facing a pullback. At the time of writing, BTC is trading at approximately $119,053, marking a short-term correction after reclaiming significant highs earlier in the week. The move comes as traders and analysts watch closely for signs of market strength or weakness at current price levels. One metric drawing attention is Binance’s share of global trading volume. According to CryptoQuant analyst BorisVest, the exchange’s dominance in trading activity provides valuable context for interpreting Bitcoin’s performance at all-time highs…

Could the Post-SEC Rally Already Be Over?

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XRP’s legal victory over the U.S. Securities and Exchange Commission (SEC) has removed a major regulatory hurdle, sparking optimism for institutional adoption and even a potential spot XRP ETF. Related Reading Daily trading volumes soared 208% to $12.4 billion after the settlement, with analysts estimating a 95% chance of ETF approval by October 2025. However, price action suggests the euphoria may be cooling. In the 24 hours ending August 12, XRP slipped 4% from $3.19 to $3.13, despite hitting an intraday peak of $3.32. Heavy selling during the 19:00 hour,…

BitMine Files to Raise Ethereum Purchase Plan to $24.5 Billion: Will ETH Price Rally Hit $5K?

Key Notes BitMine increased its equity program from $5B to $24.5B, representing a five-fold expansion for Ethereum purchases. Technical analysis shows ETH breaking above $4,500 for the first time since 2021 with bullish momentum indicators. The firm currently holds over 1 million ETH worth $5B, making it the largest corporate Ethereum holder globally. Ethereum BTC $120 162 24h volatility: 1.2% Market cap: $2.39 T Vol. 24h: $46.62 B price traded as high as $4,515 on Binance on Tuesday, Aug. 12, rising 6.31% in its largest single-day gain since July 10.…

Grayscale Debuts DeepBook, Walrus Trusts: Token Prices Rally

Key Notes Grayscale launches DeepBook and Walrus trusts linked to key Sui blockchain protocols. WAL and DEEP tokens saw increased trading activity and price volatility following the launch. Institutional investors gain new avenues for exposure to Sui DeFi and data infrastructure. Grayscale, recognized as one of the largest digital asset-focused investment managers, launched on August 12 two new single-asset trusts providing direct exposure to the DEEP and WAL tokens linked to foundational protocols within the Sui blockchain network. According to the announcement, the Grayscale DeepBook Trust and Grayscale Walrus Trust…

Bitcoin Realized P&L Ratio Signals Sustainable Rally: Reversal Risk Remains Low

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Bitcoin is once again at the center of market attention, trading at critical price levels after a 9% surge since the start of August pushed it to just below its $123,000 all-time high. The rally has reignited the bull-vs-bear debate, with analysts split on where BTC heads next. Some believe the momentum will be enough to break through resistance and set fresh record highs, while others warn of a looming deeper correction if buying pressure falters. Related Reading Adding to the intrigue, key data from CryptoQuant shows that despite Bitcoin’s…

ZORA Hits New ATH Amid 50% Surge – What’s Behind The Rally?

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Social Network Zora has seen its native token, ZORA, record a massive rally following a spike in user activity and recent key integrations, leading some investors to suggest that momentum will continue. Related Reading ZORA Hits New Highs On Monday, the native token of the decentralized social network Zora jumped nearly 50% to hit a new all-time high (ATH) of $0.145. The platform allows users to make social media posts into tradable tokens by automatically minting them, with over 2.06 million tokens created since its launch, according to Dune data.…

New $143m ETH wallet draws eyes as Bernstein tips Coinbase for rally edge

Nansen flagged an unknown entity just parked 33,000 ETH in a freshly minted multisig wallet funded from a BitGo account. Meanwhile, Bernstein says such large-scale ETH moves could herald a broader rally where Coinbase stands to collect the biggest gains. Summary Nansen flagged a new multisig wallet receiving 33,000 ETH (~$143M) from a BitGo hot wallet on August 11. The wallet, likely linked to an institutional or high-net-worth entity, signals renewed large-scale capital flows into Ethereum. Bernstein analysts see such moves as a sign of an ongoing Ethereum “alt rally,”…

Ethereum Nears $5,000 After 45% Monthly Rally, Whale Buying and Regulatory Clarity Fuel Surge

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Ethereum (ETH) has extended its bullish run, surging past $4,300 and posting a staggering 45% gain over the past month. The world’s second-largest cryptocurrency now eyes the $5,000 milestone, triggered by unprecedented whale accumulation, institutional inflows, and a wave of regulatory clarity in the U.S. Related Reading In just the past four weeks, over $4.17 billion has flowed into Ethereum-focused investment products, with entities like Galaxy Digital, FalconX, and BitGo facilitating large-scale purchases. One “mysterious institution” reportedly acquired 221,166 ETH worth nearly $1 billion in a single week, signaling long-term…