Trending Articles

Bookmarked and Liked

"Whales Are Buying Bitcoin at Record Levels—Mega Rally on the Horizon?"

The Crypto Basic

--

#Bitcoin accumulation addresses have seen massive inflows in the past week, leveraging retail sell-offs to stack the pioneering cryptocurrency extensively. 
Read more on: https://thecryptobasic.com/2025/02/06/something-big-coming-whales-accumulate-bitcoin-like-never-before/
#CryptoNewsFlash 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

231

0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

The Crypto Basic

@The_Crypto_Basic

Explore More From Creator

President Donald Trump has again advocated for the #crypto industry, recently pointing out the resilience from Bitcoin and crypto in the latest market turbulence. He spoke in an exclusive interview with NBC News on Sunday about his strategies as the 47th US president, but did not fail to mention crypto, his newfound interest. Trump said he wants crypto in America, highlighting the sector’s growing global relevance. I Want Crypto: Trump The pro-crypto president stated that crypto is essential for the United States and that the country risks losing innovation to China if it does not step up. Trump noted that the sector is nascent yet has garnered considerable traction. Notably, Trump took to lobbying the crypto industry before the November election, gaining not just their votes but their financial support. According to his latest comments, “hundreds of millions of people” are dabbling with the nascent industry. Yet, he accused the former administration of a late pretense to buy votes from the growing population of crypto faithful. Furthermore, Trump stressed that despite its nascent nature, the sector is growing harder than most other aspects of the market. He emphasized that Bitcoin showed more resilience than other sectors, like US stocks, during the latest market turbulence. Recall that the crypto market initially maintained a correlation with risk-on assets during the tariff trade war but decoupled later on. Bitcoin has recovered more than US stocks, establishing its resilience and value as a hedge against uncertainties. Not Profiting from Crypto Support: Trump Meanwhile, he received questions on if he is cashing in big with his support for the sector, Trump insisted crypto is not his cash cow. The pro-Bitcoin president noted that he has been in favor of cryptocurrencies long before the November elections. He questioned whether owning a stock that performs well because he improved the US economy as the president means he is gaining. According to Trump, he has not even looked at his crypto portfolio to ascertain its profitability.

--

San Francisco-based blockchain infrastructure company #Ripple has released its standard allotment of 1 billion XRP from escrow for May 2025. Ripple unlocked all 1 billion XRP from escrow in three separate transactions in the late hours of yesterday. For the first transaction, Ripple unlocked 200 million XRP ($440.52 million) at 22:28 (UTC) to one of its addresses labeled Ripple (26). The company released another 300 million XRP ($660.86 million) from escrow to the same Ripple (26) address a minute later. At 22:31 (UTC), the company unlocked another 500 million XRP worth $1.1 billion to a separate address, tagged Ripple (27). Overall, it released 1 billion XRP ($2.2 billion) from escrow for May 2025, with Ripple (26) receiving 500 million XRP in two tranches and Ripple (27) getting 500 million XRP in one transaction. At the time of publication, each address had a balance of 500 million XRP. Ripple Locks 700M XRP in May 2025 The latest transaction comes exactly 24 hours after Ripple shuffled 1 billion XRP, with 700 million of these tokens sent to escrow. As previously reported, both Ripple (26) and Ripple (27) were involved in the May 1 transaction. Specifically, Ripple (26) moved 500 million XRP to two addresses, Ripple (1) and Ripple (14), with each receiving 300 million XRP and 200 million XRP, respectively. On the other hand, Ripple (27) sent 500 million XRP to three different addresses labeled Ripple (14), Ripple (15), and Ripple (51). While Ripple (14) received 300 million XRP from Ripple (27), Ripple (15) and Ripple (51) collected 30 million XRP and 170 million XRP, respectively. Following the transactions, Ripple (14) locked 500 million XRP in escrow. Ripple (15) and (51) followed suit by locking the 200 million XRP they both received from Ripple (27) in escrow. This brings the total number of XRP locked in escrow this month to 700 million XRP. Previously, Ripple usually released its standard 1 billion XRP from escrow before re-locking 700 million back. However, the company changed this practice in recent months... #Crypto

--

"Ethereum Bulls Wake Up: Key Signals Flash $2,000 Price Target Ahead!"

--

#SUI is consolidating near $3.46 with strong bullish indicators. Will the dominance of long positions lead to a breakout rally toward $5.14? As Bitcoin holds its ground above the $96,000 mark, altcoins are gaining momentum. With bulls taking control, the total crypto market has reached a capitalization of $3 trillion. Among the top performers in the growing altcoin market, SUI has emerged as a standout. Currently trading at $3.46, SUI has a market capitalization of $11.61 billion. Now ranked as the 11th-largest cryptocurrency, SUI recorded a 54% increase in April. Could this strong uptrend push SUI to a new all-time high? SUI Price Analysis On the 4-hour price chart, the SUI token is displaying a consolidation range between $3.41 and $3.83. Currently positioned at the lower boundary, SUI is showing signs of a potential bounce. According to trend-based Fibonacci levels, the range boundaries align with the 0% and 23.60% levels. With a 1.42% surge in the past four hours, SUI is demonstrating bullish strength at the lower range, increasing the likelihood of a reversal. The stochastic indicator shows a bullish crossover, and the MACD and signal lines are also approaching a crossover. This would signal a trend reversal and increase the probability of SUI retesting the upper boundary. If SUI breaks out of the consolidation, the uptrend could target the 50% Fibonacci level at $4.28, followed by the ultimate price target of $5.14. On the downside, key support remains near the psychological level of $3.00. Long Positions in SUI Nears 60% As SUI holds within its consolidation range, the potential for a bullish breakout has driven an increase in long positions in the derivatives market. According to data from CoinGlass, the SUI long-to-short ratio has risen to 1.4734. This indicates that 59.57% of positions in the past four hours have been long. With leveraged long positions increasing, SUI may be poised for a price surge. Notably, SUI’s open interest has climbed by more than 6%, reaching $1.55 billion, while the funding rate has risen to 0.0159%.. #CryptoNewsFlash

--

The best is yet to come for #Dogecoin this bull cycle, according to a prominent market analyst, who predicts an over 2,000% rally to unprecedented prices. Market watcher Kevin shared a Dogecoin price update in a May 1 analysis amid recent positive trends. The analyst highlighted that the leading meme coin has shown strong bullish traction, citing catalysts that would propel a parabolic expansion to $3.943. Notably, the analysis comes when Dogecoin, the largest meme coin by market capitalization, is starting to find its footing. DOGE surged 15% last week and is up an impressive 38% from April’s low of $0.129. Indicators Look Good Kevin noted that Dogecoin has defended the macro support at the 0.382 Fibonacci extension, currently at $0.138. The support was initially a resistance trendline on the monthly timeframe, which the token broke above following its November rally. Notably, DOGE retested an ensuing wedge on the chart and has since bounced from the region to its current price. The market watcher insists that the prominent meme coin’s current price presents a phenomenal risk-to-reward opportunity. According to the commentary, Dogecoin has yet to resume its super trends on the monthly chart, and its relative strength index (RSI) is at the same level as when it traded at $0.0011 years ago. As a result, Kevin suggests that Dogecoin has a “ton of room to run to the upside.” Specifically, he predicted an upward trajectory to the 1.618 macro golden pocket, a Fibonacci extension that DOGE has typically peaked at in all previous bull cycles. Interestingly, the level correlates with a price target of $3.94, an over 2,087% uptick from its current trend. #CryptoNewsCommunity

--

Latest News

Polkadot Marketing Bounty Expenditure Breakdown Revealed

--

Uniswap Expands Support to Sony's Soneium Network

--

Kenyan Court Orders World to Delete Biometric Data

--

Ripple's XRP Holdings Increase in First Quarter of 2025

--

SEC's Increased Focus on Cryptocurrency and Stablecoins

--

Trending Articles

Get 1,000 Free SPEPE Tokens on Binance – It’s Quick & Easy!

**If Your Crypto Portfolio Is Under $1000, Read This Before

🚨🚨THE MOMENT IS HERE 🗣📢🔥 It’s time to take positions. T

$SUI price prediction for next 12 hours . SUI's current pric

Pundit Reveals Extent of Damage the SEC Did to Ripple’s XRP

Cookie Preferences

Cookie Preferences