Cryptocurrency
XRP Jumps 6% Daily, BTC Eyes $98K After Drop to $94K (Market Watch)

Bitcoin’s price went through another full-on rollercoaster yesterday but has managed to recover most of the losses and now sits close to $98,000.
The altcoins are still mostly in the red, aside from XRP, SOL, and TON, from the larger caps, which have posted impressive gains.
BTC Targets $98K
BTC’s inability to decisively conquer the $100,000 level during the weekend resulted in a few consecutive leg downs that harmed the asset’s price movements. It all started on Monday when BTC went to a daily high of $100,400 but just hours later found itself dumping to under $94,400.
After leaving billions of dollars in liquidations, the cryptocurrency started to recover on Tuesday and spiked to $98,400. However, the same scenario repeated once again as BTC slumped hard to the same support level of $94,400.
Since then, the asset has been recovering, surging to $94,400 once again hours ago. Nevertheless, it has been unable to continue its upswing, and now the community wonders whether another rejection will follow.
For now, though, bitcoin’s price means that its market cap has neared $1.940 trillion on CG, while its dominance over the alternative coins stands tall above 53%.
XPR in Recovery Mode
Ripple’s cross-border token was among the poorest performers during the correction in the past few days. However, it has bounced off from under $2 and now trades above $2.3 amid positive developments around the company’s upcoming stablecoin.
Solana, Toncoin, and Shiba Inu are the other notable gainers from the larger-cap alts. In contrast, DOGE, ETH, BNB, AVAX, and TRX are in the red. PEPE has slumped ever harder, dropping by 7% from its latest all-time high.
Bitget’s native token is today’s top performer, having surged by over 22% in the past 24 hours.
Overall, the total crypto market cap has recovered over $150 billion since its low yesterday and now sits at $3.650 trillion on CG.
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Cryptocurrency
Trump’s Crypto Advisor Says There’s A ‘Space Race’ to Build a Bitcoin Reserve

Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, has said that the country is in a global “space race” to build a U.S. Bitcoin reserve.
Hines also confirmed that the government is moving swiftly to establish a Strategic Bitcoin stockpile.
Bitcoin Stockpile Plans
In a recent interview with Bitcoin Magazine, the White House crypto advisor stated that countries around the world are quietly working to collect Bitcoin as a long-term asset, emphasizing that America aims to take the lead.
According to him, the administration is collaborating with the Treasury Department to audit current Bitcoin holdings and design “budget-neutral” acquisition methods. He also clarified that no single policy approach is being pursued. Instead, multiple strategies are being explored to determine the most practical and efficient path forward.
Hines expressed confidence in the U.S. Treasury Department and the Chamber of Commerce to develop “extremely creative” ways to accumulate the flagship cryptocurrency. The initial objective is to begin the process quickly, prioritizing speed and scalability, with additional steps to be introduced in phases.
The crypto advisor has previously cited tariffs implemented by the president as a potential means for building federal Bitcoin reserves.
When asked about how much Bitcoin the U.S. wants to acquire, Hines referred to it as “a silly question,” implying that the government has plans to hold more of the digital asset.
Milestones and Bitcoin’s Value
Reflecting on the first days of his administration, the 29-year-old highlighted early actions taken under President Trump, including an executive order signed during his first week in office. The directive created an interagency working group, officially ended what is widely known as “Operation Chokepoint 2.0,” and led to major regulatory reversals.
This included the Securities and Exchange Commission (SEC) dropping key lawsuits and banking regulators easing restrictions on crypto firms. The Trump administration also hosted the first-ever White House Crypto Summit.
Hines stated that the U.S. is positioning itself to become “the crypto capital of the world,” aligning with the president’s broader vision to make America the most attractive destination for innovation in digital assets.
The former Republican nominee was appointed in January 2025 to the newly formed crypto advisory group and serves alongside crypto czar David Sacks. Although he acknowledged the existence of other digital ecosystems, Hines emphasized that the main focus is on Bitcoin due to its uniqueness.
He also referred to the cryptocurrency as “digital gold,” describing it as a commodity, not a security. Trump’s advisor referenced its origins and the concept of “Immaculate Conception,” a term previously used by David Sacks to show its intrinsic value.
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Cryptocurrency
Tension Builds: Solana (SOL) on the Verge of a Huge Move?

TL;DR
- Solana’s Bollinger Bands have tightened on the 4-hour chart, a technical signal that sometimes precedes enhanced turbulence.
- Despite a mild retreat in the last few days, analysts remain bullish on SOL, with price targets ranging from $240 to over $300.
Silence Before the Roar?
Solana’s SOL has been on a slight downtrend in the past week, with its valuation slipping by 3% and currently trading at roughly $148 (per CoinGecko’s data). Over the last several hours, it experienced little to no volatility, ranging from $145 to $149.
One important metric, though, suggests this calmness could be a precursor of a massive price action in the short term. The indicator in question is the Bollinger Bands, which, according to the popular X user Ali Martinez, has squeezed on SOL’s four-hour chart.
Developed by John Bollinger in the 1980s, this technical tool helps traders identify when an asset may be overbought or oversold, signaling a potential trend reversal. When the bands tighten, it typically indicates a period of low volatility, which could be imminently followed by a substantial resurgence or a considerable pullback.
This pattern has also appeared on the charts of other cryptocurrencies and, on some occasions, has been followed by a notable bull run. For example, in December last year, XRP’s Bollinger Bands tightened significantly when the price hovered around $2.10. Just a few weeks later, the asset soared to nearly a new all-time high of approximately $3.40.
We have to make a disclaimer that the squeezing bands might have played their role, but the entire cryptocurrency market was also rallying at that time. Bitcoin (BTC), for instance, reached an ATH of just south of $110K.
Price Targets
Despite the setback on a weekly scale, SOL is up almost 20% for the month, and some analysts believe the uptick is about to continue.
Jelle told his over 100,000 followers on X that Solana’s monthly candle “is not looking too shabby,” indicating it might be time for another test of $240. The last time the price was trading so high was at the end of January this year.
Earlier this month, BitBull also chipped in. They assumed that SOL could be gearing up for a “massive move” this year, which might mimic Ethereum’s explosive performance in 2021. The analyst thinks the $120-$130 was an accumulation zone, setting a target of over $300.
Recall that Ethereum (ETH) traded at around $730 at the start of 2021, whereas by the end of the year, it hit an ATH of almost $5,000, representing a 560% price increase.
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Cryptocurrency
Crypto Market Consolidation Continues as Bitcoin (BTC) Fails to Break Above $95K (Market Watch)

Bitcoin’s failure to produce a big move toward $100,000 continued in the past 24 hours as the asset seems stuck at around $95,000 without any indication of where the next fluctuation wave will take it.
The altcoins have also been quite sluggish lately, with minor losses dominating the chart on a daily scale.
BTC Stalls at $95K
The primary cryptocurrency managed to break through its previous consolidation phase at the beginning of last week, when it pumped above $86,000, which served as the upper boundary of that channel. In the following days, the asset flew past $90,000 for the first time in over six weeks and skyrocketed to just shy of $96,000 last Friday. This became its highest price tag in two months.
Although it failed to breach that level and retraced slightly during the weekend, it remained high above the $90,000 support. The only brief slip came on Monday when BTC dropped to $93,000 but quickly recovered the losses.
The bulls went on the offensive but were stopped on a couple of occasions ahead of $96,000 despite the substantial inflows into the BTC ETFs. As such, bitcoin continues to trade sideways at around $95,000, currently sitting just inches below it.
Its market capitalization has stalled at $1.880 trillion on CG, while its dominance over the alts is well above 61%.
Alts Slightly in the Red
Most altcoins have lost some traction over the past 24 hours. LINK, AVAX, and XRP lead the adverse trend from the larger caps, with losses of up to 3.5% in the case of Chainlink.
ETH, DOGE, ADA, SUI, SHIB, HBAR, and BCH are also in the red, albeit in a slightly less painful manner.
The biggest losers from the top 100 alts include yesterday’s top performer, VIRTUAL, as well as TAO and TRUMP. The meme coin related to the US president has faced a lot of controversy as of late, including reports that the team behind it had started disposing of its holdings amid the price rally.
The total crypto market cap has declined slightly by around $15 billion since yesterday to $3.065 trillion on CG.
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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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