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Bitcoin Reclaims $102,000 as Best Wallet Token ICO Hits $6.5M Milestone

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2025 is shaping up to be another exciting and bullish year for the crypto markets, as Bitcoin has once again pushed above $102,000.

This achievement follows a highly positive first week of the year, during which BTC made a gain of more than 5%. Bitcoin’s total market cap is now hovering just below the $2 trillion mark, while the asset itself is pulling in 24-hour trading volumes of approximately $49.5 billion.

As investors and traders lock in and prepare their 2025 strategies, crypto self-custody wallets have become a hot topic. Best Wallet, one of the top-rated wallets on the market, has now raised $6.5 million through the ICO for its new ecosystem token $BEST, which could be a smart play ahead of the next bull run.

Bitcoin Breaks Into Six Figures Once Again

Bitcoin bears, who quickly declared the bull market over during BTC’s dip in December, have suddenly gone quiet as the leading cryptocurrency pumped beyond $102,000 yesterday.

As the chart analysis below demonstrates, a bullish double bottom was already all but confirmed on New Year’s Day:

At the time of writing, that double bottom has mostly played out as expected. Although a more textbook pattern would have seen a faster push towards $108,000, that level also happens to be Bitcoin’s all-time high.

Therefore, some extra resistance below $108,000 is a natural occurrence here. Some BTC holders will be looking to take some late profits, while whales try to suppress the price (and accumulate more Bitcoin while it’s below its all-time high). There will also be some bears left, making their last stand while shorting BTC to the best of their ability.

While all of this activity is occurring, and leading to some sideways chop for BTC, trading volumes have mostly remained at average levels. This indicates an overall lack of conviction and decisiveness – even though the bulls have indeed won out so far in 2025.

Another bullish factor is the presence of an ascending triangle pattern, firmly established during the creation of the double bottom. This pattern has until April to fully play out, leaving a lot of white space to fill within a gradually narrowing (and rising) price range.

A breakdown through the triangle’s green support line would open up the $82,000 region as a bearish price target for shorts – which would also be a key spot where bulls take their chances and buy the dip.

Taking the bullish side again, a new all-time high break will force Bitcoin bulls to try and establish $108,000 as a new support level.

As we enter the next bull run, new tokens are those that experience the highest growth. For traders on the lookout for those opportunities, the Web3 Best Wallet has created some useful tools to spot high potential tokens.

Best Wallet Token ($BEST) ICO Passes $6.5M – Smart Play for the Bull Run?

The potential gains available to Bitcoin buyers are relatively limited in comparison to the profits that can be made from new tokens – especially those in their early ICO stages. One exciting presale project is the Best Wallet Token ($BEST) presale, which has now raised more than $6.5 million.

The non-custodial wallet market is worth $11 billion, and Best Wallet is on track to capture 40% of it by 2026. Through the Best Wallet ecosystem, users have 24/7 access to all of their cryptos through a smartphone app (for iOS and Android), and also benefit from staking, trading swaps through the Best DEX, iGaming, and the latest crypto presales.

One of its most interesting tools is the Upcoming Tokens feature. This highlights new coins with high potential, and several tokens like Pepe Unchained and Catslap have gone on to see massive growth after being listed in Best Wallet.

$BEST token holders get even more exclusive benefits, including airdrops and earlier access to top crypto presales than other users to new token tips, lower transaction fees, staking rewards, ecosystem governance votes. Naturally, long-term investors can also simply hold a bag of $BEST as part of their crypto portfolios.

At the time of writing, investors interested in capitalizing on this market through a leading product only have a limited time to secure $BEST tokens, which are currently priced at $0.0235.

As the presale continues, the price will gradually rise – and it’s expected to explode when $BEST gets listed on some DEX and CEX platforms following its official launch later this year.

Visit Best Wallet Token Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

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Cryptocurrency

Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

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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.

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.

Ethereum (ETH) Tokens Transferred (Total)
Source: CryptoQuant

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.

Ethereum (ETH) Staking Inflow Total
Source: CryptoQuant

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

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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.

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.

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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Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

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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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