Cryptocurrency
Bitcoin Eyes $100K After Market Crash, Trump Approves US Sovereign Wealth Fund: Weekly Crypto Recap

Somewhat unexpectedly, all the drama started during the previous weekend, which is typically a calmer period for the financial markets. Well, except crypto, because it’s open 24/7.
President Trump’s implementation of new taxes on Canada, China, and Mexico brought mass panic across the charts. On Saturday evening and Sunday, BTC tumbled from $102,000 to under $100,000 and down to $97,000. It managed to catch its breath on Sunday afternoon, but the bears were back in control of the market on Monday morning.
In a matter of hours, BTC slumped hard and fell below $92,000 for the first time in about two weeks. Consequently, bitcoin had lost ten grand within 24 hours and roughly $15,000 since last Friday when it stood above $106,000.
After that multi-week low, though, the cryptocurrency bounced off and jumped above $100,000 and back to $102,000, thus completing another ten-grand move within hours. Nevertheless, it failed to sustain within six-digit territory and headed south in the following days. It flirted with the $96,000 support line on several occasions but so far has managed to maintain above it.
Hours ago, BTC pumped by a few grand and touched $100,000 for the first time since Monday, following the US jobs data. However, it couldn’t keep the momentum going and is now back below it.
The weekly charts are quite painful for most altcoins. Ethereum is down by 17% and trades well below $2,800. XRP has plunged by 18% to under $2.5, while DOGE, ADA, LINK, AVAX, and SUI have plummeted by over 20%.
In fact, OM is the only larger-cap altcoin in the green. An 18% surge since last Friday has pushed its price to well above $6.
Market Data
Market Cap: $3.359T | 24H Vol: $154B | BTC Dominance: 58.5%
BTC: $98,750 (-5%) | ETH: $2,750 (-17.25% ) | XRP: $2.49 (-18.3%)
This Week’s Crypto Headlines You Can’t Miss
Bitcoin Rallies Toward $100K as Mexico and US Suspend Tariffs. As explained above, the highly volatile trading week due to Trump’s tariffs against a few countries led to a substantial crash in the market. However, the suspension agreement between the US and Mexico sent BTC flying on Monday evening, with a brief surge toward $100,000.
Trump Approves US Sovereign Wealth Fund, Will it Buy Bitcoin? The new US President dominates the news on all fronts and his decision to approve a US sovereign wealth fund earlier this week broke Crypto Twitter as many anticipated that it will finally see the inclusion of BTC and perhaps other digital assets. However, that doesn’t seem to be the case, at least for now.
MicroStrategy Drops ‘Micro’ From Name After Record BTC Buying Quarter. The biggest corporate holder of bitcoin rebranded its name this week by dropping ‘Micro.’ The company, now called simply ‘Strategy,’ has introduced BTC into its logo and reaffirmed its leadership position in the bitcoin landscape by registering its best quarter in terms of accumulation.
Arthur Hayes Slams US Bitcoin Reserve Plans and Crypto Regulation Efforts. The BitMEX co-founder is among the critics of the supposed US bitcoin reserve as he believes that such a move would be mostly political and can be a double-edged sword. He noted that ‘what can be bought can be sold,’ and a potential accumulation of BTC by the US government could be devastating if there’s a change in the nation’s political scene in the next few years.
Crypto Analyst Says Altcoins May Take 2 Months to Recover, Here’s Why. The aforementioned crash in the crypto markets hit the altcoins the hardest, with many charting double-digit losses daily and on a weekly scale. A popular analyst believes many of them would need at least a month or two to recover as their corrections were deeper.
BlackRock Expands Crypto Offerings With Bitcoin ETP in Europe: Report. The asset manager behind the world’s largest Bitcoin ETF plans to expand its portfolio of BTC-related products. BlackRock aims to launch a BTC-linked exchange-traded product in Europe, which would become its first entry into the European crypto scene.
Charts
This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Solana – click here for the complete price analysis.
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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.
Cryptocurrency charts by TradingView.
Cryptocurrency
Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

TL;DR
- Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
- Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
- Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.
Large Withdrawals and Whale Activity
Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours.
Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.
One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.
Major ETH Holders Offload Millions Amid Price Rally
In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.
A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months.
Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578.
Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.
The #EthereumFoundation-linked wallet(0xF39d) sold another 1,300 $ETH($5.87M) at $4,518 ~11 hours ago.
Over the past 3 days, this wallet has sold a total of 6,194 $ETH($28.36M) at an average price of $4,578.https://t.co/4hfCWymHVG pic.twitter.com/ErUyEY8SJy
— Lookonchain (@lookonchain) August 15, 2025
Network Activity on the Rise
CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.
Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period.
At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.
In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.
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Cryptocurrency
Massive DOGE Whale Activity Hints at $1 Breakout

TL;DR
- Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
- A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
- DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.
Price and Market Moves
Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion.
Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.
On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.
$Doge/2-week#Dogecoin is gaining strong momentum to surge above $1 pic.twitter.com/TuSEKr19nv
— Trader Tardigrade (@TATrader_Alan) August 15, 2025
Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.
Heavy Whale Buying and Large Transfers
As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community.
Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.
Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.
Whales are back! Dogecoin $DOGE activity at a 1-month high. pic.twitter.com/C83Pv68mCt
— Ali (@ali_charts) August 14, 2025
Sentiment Building
Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding,
“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”
With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.
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Cryptocurrency
Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.
Technical Analysis
By ShayanMarkets
The USDT Pair
On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.
Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.
However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.
This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.
The BTC Pair
Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.
This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.
That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.
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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.
Cryptocurrency charts by TradingView.
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