Cryptocurrency
Bitcoin’s Wild Ride: From $108K to $92K (Market Update)

It’s not always roses and rainbows in the cryptocurrency market and even though it may have felt like it for the past few weeks, the last seven days made sure to remind us of it. The total capitalization dropped by more than $300 billion as Bitcoin’s price went on a complete rollercoaster, similar to that of the majority of altcoins.
The first few days of the week started as we are more or less used to by know – up only. Bitcoin’s price tapped a new all-time high above $108,000 and the market was anticipating the results of the meeting of the US Federal Result. Quite frankly, everyone was expecting for the institution to once again cut the interest rates, which is generally perceived as a positive move as far as risk-on assets go. Oh, if it were true this time around.
During the meeting, the Chairman Jerome Powell said that they might consider a slowdown of rate cuts, given that the inflation in the country is rising. This propelled a market-wide sell-off across the crypto industry but also across tradfi as the majority of indices also dropped considerably.
More interestingly, Powell addressed the possibility of Bitcoin becoming a reserve asset for the country, saying that the Federal Reserve is legally prohibited from holding it. This might put a dent into Trump’s plans and it appears that investors didn’t like it as the cryptocurrency is now trading below $100K, having plummetted to around $92,000 earlier today.
The sell-off also triggered over $1.3 billion worth of liquidated positions across the cryptocurrency market on Friday alone.
The majority of altcoins are trading in the red, with Ethereum down almost 15%, XRP – 10%, BNB – 8%, Solana -15%, DOGE – 25%, and so forth.
As it’s almost always the case, a lot of people in the community are already speculating whether or not the bull run is over, but during times like these it’s really important to zoom out and keep a steady eye on the bigger picture.
In any case, if one thing is sure, it’s that the next few weeks are likely to be quite interesting, so let’s see how it goes!
Market Data
Market Cap: $3.45T | 24H Vol: $482B | BTC Dominance: 55.3%
BTC: $96,552 (-4.5%) | ETH: $3,370 ( -15% ) | XRP: $2.21 (-10%)
This Week’s Headlines You Can’t Miss
MicroStrategy Announces First Bitcoin Purchase With BTC Prices Above $100K. It wouldn’t be a Monday these days if the Michael Saylor-founded business intelligence giant didn’t announce a massive BTC purchase. In this week’s example, the company allocated $1.5 billion to accumulate 15,350 BTC at an average price of just over $100,000.
XRP Price on the Move as Ripple Announces Stablecoin Launch on Dec 17. Although it continues with its legal tussle against the US securities watchdog, Ripple entered the stablecoin industry this week by finally launching its own product called RLUSD. The token release was on December 17, and it positively impacted XRP’s price at the time.
This Cohort of Ethereum Whales Accumulates Record 57.35% of Supply. Ethereum whales have been on an accumulation spree lately, according to on-chain data. The number of large wallets holding at least 100,000 ETH has jumped to an all-time high of over 57% of the entire supply.
BlackRock’s IBIT Nearly Doubles Gold ETF’s 20-Year AUM Milestone in Less Than 12 Months. The world’s largest Bitcoin ETF continues to shatter records. Its AUM has skyrocketed in the past 11 months to almost $60 billion as of December 19, which dwarfed the performance of the company’s biggest gold-based ETF.
Bitcoin Price Tumbles Toward $100K Despite Fed’s Latest Rate Cut. The entire financial field expected another rate cut at the end of 2024, and that’s what they got. However, the hawkish words by Jerome Powell about potentially stopping the rate reductions in 2025 sent the ever-volatile and risky crypto market down hard. At first, BTC tumbled toward $100,000 but quickly lost that level and dumped all the way south to $92,100, leading to speculations about whether this bull market has ended.
Fed Effect: Biggest Net Outflow Day for Bitcoin ETFs Led to Crash Below $96K. Powell’s aforementioned comments seemingly scared US investors out of their BTC positions, which is particularly true for the spot Bitcoin ETFs. The financial vehicles recorded their worst day in terms of daily net outflows on the day after the FOMC meeting (December 19), with nearly $700 million being withdrawn.
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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
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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