CryptoMediaClub
Sunday, September 14, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Bitcoin’s Rally Toward $27K Stopped, But Network Fundamentals and Whale Activity Remain Strong (Weekly Crypto Recap)

25.08.2023
A A
0
122
VIEWS
ShareShare

The end of last week was a lot more eventful as the primary cryptocurrency dumped hard by over $3,000 in hours to see its lowest price tag in over two months at just over $25,000. Then came the recovery attempts that saw BTC regain around a grand.

However, not much has happened to bitcoin’s price since then, as the asset calmed at around $26,000. The only exceptions were on Wednesday when it dropped suddenly by over $500, and yesterday.

Thursday saw a more notable price jump that drove BTC all the way to $26,800. As the bulls were preparing to challenge $27,000, though, the landscape changed, and the cryptocurrency lost its moment by falling back down to a very familiar sight of $26,000.

Amid all of this underwhelming price performance come the network fundamentals (more on that later) and the behavior of larger investors. The crypto analytics platform Santiment outlined this week that the so-called sharks and whales have used last week’s price crash to accumulate over $300 million worth of BTC.

The firm further said the total number of wallets holding between 10 and 10,000 BTC has grown to well above 150,000.

Thanks for subscribing, you will get your first report in the next hours!

While BTC stands with minor weekly losses, altcoins like Ripple, Tron, TONCOIN, and Stellar have charted impressive gains of up to 6% in the case of XLM.

In contrast, PEPE is down by almost 20% in the same timeframe amid speculations and reports about suspicious transfers and claims about doxxing the meme coin’s creator.

Market Data

Market Cap: $1.09B | 24H Vol: $35B | BTC Dominance: 46.4%

BTC: $26,037 (-1%) | ETH: $1,657 (-1%) | BNB: $216 (-0.7%)

Cryptocurrency Market Overview. Source: Quantify Crypto

This Week’s Crypto Headlines You Can’t Miss

Bitcoin Mining Difficulty Soars to New ATH as BTC Price Struggles. As mentioned above, whales’ behavior is not the only promising development around Bitcoin. The network has never been stronger, according to the key difficulty metric, which hit yet another all-time high this week.

Only 5.8% of BTC in Circulation Sits on Exchanges But Bitcoin Price Struggles: Santiment. Something else worth mentioning is the declining immediate sell pressure for the asset. This is because the percentage of BTC stored on exchanges keeps dropping and is down to its lowest level in six years.

2 More Ethereum ETFs Added to Growing List But ETH Price Remains Bearish. While the race for a spot Bitcoin ETF in the States is heating up, the number of firms wanting to have an exchange-traded fund tracking the price of ETH is also growing. Two more applications were filed with the SEC this week.

BitMEX’s Arthur Hayes: Bitcoin is Antidote for ‘Flawed, Corrupt, Parasitic’ Fiat Banking System. The BitMEX founder, Arthur Hayes, wrote in its latest blog post that the primary cryptocurrency could serve as the “antidote” for the flawed and corrupt fiat banking system, which is poised to fail at some point.

SBF Pleads Not Guilty Again, Complains About Lack of Vegan Food in Prison (Report). With the set trial date of October 2 coming up quickly, the developments around Sam Bankman-Fried and its legal case keep popping up. The disgraced founder of FTX was thrown into one of the worst jails in the US, and he recently complained about having to survive on bread and water due to his veganism.

SEC Momentum Over? XRP Erases All Gains Charted After Ripple’s Landmark Court Victory. The blockchain company registered a landmark victory against the SEC earlier this summer that propelled a massive rally for its native token. However, the momentum seems to be over as XRP has returned to its pre-SEC victory levels of around $0.5.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.
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.

Share9Tweet6ShareSharePin2

Related Posts

XRP Price Prediction: Why the October 18-25 SEC Deadlines Could Trigger a Breakout
All news

XRP Price Prediction: Why the October 18-25 SEC Deadlines Could Trigger a Breakout

14.09.2025
0

XRP is holding at $3.17, up 4% over the last 24 hours, with a daily trading volume of $6 billion....

Read moreDetails
US May Launch Strategic Bitcoin Reserve This Year, Says Galaxy Exec

US May Launch Strategic Bitcoin Reserve This Year, Says Galaxy Exec

14.09.2025
Arthur Hayes: Chasing Quick Gains in Bitcoin Is a Losing Strategy

Arthur Hayes: Chasing Quick Gains in Bitcoin Is a Losing Strategy

14.09.2025
ETF Expectations and Whale Holdings Drive Up XRP and SOL Prices, With Cloud Mining Platform Quid Miner Becoming a New Focus

ETF Expectations and Whale Holdings Drive Up XRP and SOL Prices, With Cloud Mining Platform Quid Miner Becoming a New Focus

14.09.2025
Polymarket Targets $10B Valuation Amid Plans for US Relaunch

Polymarket Targets $10B Valuation Amid Plans for US Relaunch

13.09.2025
Load More
Next Post
ASP.NET MVC Developer: Особенности профессии и путь к профессиональному росту

ASP.NET MVC Developer: Особенности профессии и путь к профессиональному росту

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

TON Foundation Unveils Encrypted Messenger to Enhance User Security

2 years ago
Arthur Hayes Predicts Bitcoin Price to Rally Back to $70,000 – Here’s Why

Arthur Hayes Predicts Bitcoin Price to Rally Back to $70,000 – Here’s Why

1 year ago
Bitcoin's 8-week win streak is in danger, but ATOM, FIL, EGLD, and ALGO don't care

Bitcoin's 8-week win streak is in danger, but ATOM, FIL, EGLD, and ALGO don't care

2 years ago

Crypto market is ‘healthier’ than prices may indicate, says a16z report

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

ETF Expectations and Whale Holdings Drive Up XRP and SOL Prices, With Cloud Mining Platform Quid Miner Becoming a New Focus

Polymarket Targets $10B Valuation Amid Plans for US Relaunch

SAVVY MINING Has Launched a New XRP Mining Contract for XRP Enthusiasts

RI Mining Unveils Next-Gen Contracts Aligned With Microsoft AI Push to Reshape Digital Infrastructure

Analysts Debate Which Cryptocurrency to Invest In Before the Next BTC Halving and Eye MUTM’s $0.035 for Key Reasons

Dogecoin ETF Launch Sparks Investor Rush to DOT Miners

Trending

XRP Price Prediction: Why the October 18-25 SEC Deadlines Could Trigger a Breakout
All news

XRP Price Prediction: Why the October 18-25 SEC Deadlines Could Trigger a Breakout

14.09.2025
0

XRP is holding at $3.17, up 4% over the last 24 hours, with a daily trading volume...

US May Launch Strategic Bitcoin Reserve This Year, Says Galaxy Exec

US May Launch Strategic Bitcoin Reserve This Year, Says Galaxy Exec

14.09.2025
Arthur Hayes: Chasing Quick Gains in Bitcoin Is a Losing Strategy

Arthur Hayes: Chasing Quick Gains in Bitcoin Is a Losing Strategy

14.09.2025
ETF Expectations and Whale Holdings Drive Up XRP and SOL Prices, With Cloud Mining Platform Quid Miner Becoming a New Focus

ETF Expectations and Whale Holdings Drive Up XRP and SOL Prices, With Cloud Mining Platform Quid Miner Becoming a New Focus

14.09.2025
Polymarket Targets $10B Valuation Amid Plans for US Relaunch

Polymarket Targets $10B Valuation Amid Plans for US Relaunch

13.09.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz