Cryptocurrency
Bitcoin Battles for $100K, Christmas Rally Incoming? (Your Weekly Crypto Recap)

It hasn’t been a particularly fun week in the cryptocurrency industry as the majority of the market is trading in the red. The losses are mostly tolerable, although some altcoins definitely feel the pressure. But let’s start with Bitcoin, as always.
The primary cryptocurrency saw a week full of volatility. During the weekend, it increased above $101,000 but as soon as the week started, things weren’t going as smoothly. On Monday, the price began to fall, and at one point, it even dipped toward $94,000.
You guessed it – at that point, half of the community was calling the bull market off. But the actual bulls had something else in mind, as the dip was bought up almost immediately within the next couple of days. The price shot up toward $103K yesterday but was unable to sustain itself there, and Bitcoin is currently battling for the coveted $100K level once again.
Elsewhere, if you thought that a week would go by without Michael Saylor not buying BTC, well, think again. MicroStrategy announced yet another massive purchase, this time worth around $2.1 billion. They bought 21,550 BTC at an average price of $98,782 and currently holds a whopping 423,650 BTC. That’s right, every time Bitcoin moves by a single dollar, the company makes or loses almost half a million bucks. Now, that’s wild.
BlackRock also chipped in on the party. Experts from the company said that allocating 2% of one’s multi-asset portfolio to Bitcoin is a “reasonable” margin. But why would you care? Well, these guys manage a lot of money. In fact, they manage the most money compared to other asset managers, and when they say something – people tend to listen. In this case, other institutional investors might consider Bitcoin after BlackRock is publicly endorsing it yet again.
All in all, the week was very interesting in terms of price action, but if you hold altcoins, some of your portfolio is likely tanking. Most of them are in the red. A lot of the losses aren’t that substantial, but there are some exceptions.
Now, another interesting thing to look into is the possibility of a Christmas rally. Here are a few points in favor of this:
- The Fed is expected to cut rates again.
- Bitcoin’s supply cycle is in mid-swing, straight up.
- The EOY sales bump.
- Pro-Bitcoin Republicans soon take over Washington.
Market Data
Market Cap: $3.81T | 24H Vol: $264B | BTC Dominance: 52.5%
BTC: $101,136 (+1.2%) | ETH: $3,932 ( -2% ) | XRP: $2.43 (+4%)
This Week’s Headlines You Can’t Miss
Bitcoin ETFs Hit $50.5B in Cumulative Net Inflows in First Year. Nearly a year since United States-based spot Bitcoin exchange-traded funds (ETFs) were launched in January, the funds have experienced remarkable growth. Inflows into the 12 funds have surpassed 500,000 BTC.
Santa Rally for Bitcoin Price This December? 5 Big BTC Supports. Here are five reasons BTC might just be catching its breath for the next leg up.
MicroStrategy’s Bitcoin Stash Rises to 423,650 BTC After Another Multi-Billion Dollar Purchase. It seems like a recurring event now, but MicroStrategy, the world’s largest corporate holder of BTC, has announced another massive acquisition. This time, the firm spent $2.1 billion at an average price of $98,782 to acquire 21,550 BTC.
Ray Dalio Says to Invest in BTC and Gold, Not Debt Assets: Report. Ray Dalio, an American investor and founder of the world’s largest hedge fund, Bridgewater Associates, says he is investing in bitcoin (BTC) and gold rather than debt assets.
Crypto Advocate French Hill Picked to Lead House Financial Services Committee in 2025. Congressman French Hill has been appointed as the next chair of the House Financial Services Committee. He will succeed North Carolina’s Patrick McHenry, who is retiring after a 20-year stint in Congress, including multiple terms leading Republicans on the board.
SEC Commissioner Hester Peirce Calls for Reforms in Crypto Under Trump’s SEC Leadership. Hester Peirce, a Commissioner at the U.S. Securities and Exchange Commission (SEC), has outlined a vision for the agency’s crypto regulatory strategy under President-elect Donald Trump.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
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Cryptocurrency
‘Think 1,000,000,000x Bigger’ for Ripple (XRP): BankSocial CEO

TL;DR
- John Wingate, the CEO of Bank Social and a Hedera developer, made a highly bullish statement on X in regards to HBAR and XRP.
- Although he said to think ‘1000000000x’ big when it comes to XRP, he later revealed that this does not translate particularly for its price.
Just had a meeting with the @Ripple team.
A great meeting. Maybe the greatest meeting in the history of international settlements.@hedera and $HBAR are still a huge part of the strategy.
And now, so is $XRP
You’re not thinking BIG enough. Think BIG – then 1000000000x it.
— John Wingate (@PresidentHODL) May 23, 2025
Given the growing size and loudness of the XRP Army, his post quickly picked up the pace and became the talk on Crypto X for the past day or so.
Although he didn’t provide much detail on what a potential partnership could look like among the three parties (Ripple, Hedera, and Bank Social), he called the meeting with the Ripple team “the greatest in the history of international settlements.”
In a subsequent reply, Wingate explained that HBAR will be used for backend ops (state checks – app nets (HCS)), while XRP will employ its role for international money movement into certain jurisdictions. BSL will be used for loans, lending, staking, and social governance around the DAO.
The zeros Wingate put in his original post raised some speculations among XRP investors whether he was referring to a potential price target for the asset. However, he quickly refuted this, saying he never gives price predictions. Instead, he said he was referring to the on-chain transaction volume relative to the usage today.
I never discuss price – these zeros are in reference to volume moved and onchain transaction volume – relative to the use today.
I never give predictions on price
— John Wingate (@PresidentHODL) May 24, 2025
Although Wingate didn’t mean to discuss XRP price predictions, if you are interested in the topic, you can find more here, especially how ChatGPT has ranked some of the most outrageous ones.
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Cryptocurrency
Bitcoin Price Analysis: BTC Displays Signs of Weakness Following New All-Time High

Bitcoin surpassed its all-time high of $109K earlier this week, reaching a new high of $112K. Despite this, the price exhibits slight bullish momentum, suggesting a potential consolidation at this level for the short term.
Technical Analysis
The Daily Chart
Bitcoin has officially broken above its previous all-time high of $109K, establishing a new peak around the $112K region. This breakout underscores strong buyer interest and highlights the bullish sentiment that continues to fuel this cycle.
However, the recent price action suggests that bullish momentum is softening, with BTC beginning a minor pullback toward the broken $109K level. This area now acts as a crucial support zone. If renewed demand materializes at this level, Bitcoin could resume its upward trajectory toward the $115K mark and potentially higher.
Conversely, if selling pressure intensifies and the $109K level fails to hold, a deeper correction may unfold. In this scenario, a retest of the psychological $100K support becomes increasingly probable, potentially classifying the breakout as a bull trap, shaking investor confidence, and introducing volatility in the short term.
The 4-Hour Chart
On the 4-hour chart, BTC maintains a bullish market structure, with a clear sequence of higher highs and higher lows. The price has consistently respected an ascending trendline, which remains a key dynamic support.
Following the breakout, Bitcoin is currently retracing toward this trendline as well as the broken $109K swing high. This confluence zone will play a pivotal role in determining the next move. Should it hold, a renewed rally toward the $115K resistance zone becomes highly likely.
However, if Bitcoin fails to hold this level and breaks below the trendline, it would signal short-term weakness, opening the door for a correction toward the $100K range.
On-chain Analysis
By ShayanMarkets
While BTC has reached a new all-time high at $112K, a wave of profit-taking is naturally expected, particularly from short-term traders securing gains. However, a deeper look into on-chain metrics reveals a contrasting narrative among long-term holders, investors who have held BTC for over 150 days.
The LTH-SOPR has remained relatively low during this rally, especially when compared to the levels seen during Bitcoin’s surge to $73K in late-2024. Despite the price now being significantly higher, long-term holders are not showing signs of major profit realization. This indicates ongoing accumulation behavior, reflecting confidence in higher future valuations.
This divergence in behavior highlights that the current consolidation phase is likely driven by short-term holders and retail participants, rather than broader market distribution. If long-term holders continue to display conviction, Bitcoin is well-positioned to resume its uptrend following this short-term pause, with the potential to set new ATHs in the mid-term.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
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Cryptocurrency
Ripple CEO Brad Garlinghouse Explores the Role and Importance of Crypto ETFs

As the market leader, bitcoin opened the doors for spot crypto ETFs in early 2024 when 11 (at first, then 12) such products were finally greenlighted in the United States following years and years of delays and rejections.
Ethereum followed suit in July and now the question is not if but which cryptocurrency will have its own spot exchange-traded fund in the US, with some of the leading contenders being XRP, SOL, DOGE, and LTC.
Trying to summarize the importance of crypto ETFs in just one minute, Ripple’s CEO, Brad Garlinghouse, outlined two key reasons why these financial vehicles are so important.
Institutional Access
Before the January 2024 launch of spot BTC ETFs on Wall Street, institutional market participants had to rely on more unusual (for them) access points to get bitcoin exposure, such as cryptocurrency exchanges and self-custody. However, the introduction of these financial vehicles changed the game entirely for them, which is evident from the mindblowing demand for most spot Bitcoin ETFs, especially BlackRock’s IBIT.
“So, this was really the first time you had institutions be able to go on Wall Street and trade directly in crypto,” Garlinghouse explained.
Capital that previously couldn’t enter the cryptocurrency space, such as endowment, pension funds, or even mutual funds, now has a dozen options to do so.
Institutionalizing the Industry
The second reason complements the first, Garlinghouse noted, as it simply changes the focus in the cryptocurrency industry, at least for the bigger projects, mostly on larger investors and institutions.
As mentioned above, BlackRock’s IBIT broke multiple records in terms of net inflows for its year and a half in existence.
“It should be no surprise that a Bitcoin ETF was the fastest ETF ever to get to $1 billion in assets.”
It has become a behemoth as its total holdings are double that of the rest of the Bitcoin ETFs combined. As of Friday’s close, BlackRock’s BTC ETF had almost $48 billion in AUM as it continues to dominate the net inflows. IBIT has not seen a single day in the red since the market-wide crashes in early April. Consequently, Garlinghouse predicted that it will eventually close in on the gold ETFs as well.
In terms of a spot Ripple ETF, the news from the SEC is somewhat expected as the agency continues to delay making a decision on a couple of filings. Polymarket shows that the chances of an XRP ETF hitting the US markets this year stand at well over 80%, but the percentage drops to 21% when the deadline is set at July 31.
Nevertheless, Ripple saw some success on the ETF front as a few futures-based funds went live for trading in the past month or so.
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