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Prominent cryptocurrency tracker Whale Alert, which monitors large cryptocurrency transfers, has detected a large Bitcoin deposit made to Coinbase Institutional, the branch of the largest US-based cryptocurrency exchange that deals with financial institutions.

It happened while the world’s largest cryptocurrency, Bitcoin, stage a growth large enough to push it above the $105,000 price level.

$52,933,217 in Bitcoin shifted to Coinbase
The aforementioned data source spread the word about a substantial amount of Bitcoin shoveled to Coinbase Institutional approximately four hours ago. The deposit carried 509 Bitcoins valued at $52,933,217 at the time of the initiated transaction.

The transfer was made from an anonymous wallet and it likely constituted a sale. This transfer coincided with a price leg-up of roughly 1.5% demonstrated today as BTC surpassed the $105,000 level, nearing its January all-time high of $109,100 per coin.

🚨 🚨 🚨 509 #BTC (52,933,217 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/apJnAqy1Fy

— Whale Alert (@whale_alert) May 12, 2025
Big driver fueling Bitcoin price surge
According to a report published by the on-chain data aggregator Santiment, the bellwether cryptocurrency went up in price fueled by a recent development between the US and China in the context of the trade tariffs imposed on almost all countries in the world. The biggest 150% fees were set up on Chinese goods entering US markets.

Santiment reported that Bitcoin jumped above $105,000 as the US and China have announced that an agreement has been reached and more details would be revealed later today. Aside from Bitcoin, altcoins have also began to rally with Ethereum surpassing the $2,500 mark. Stock markets are also in the green zone now since traders now expect that Trump’s tariffs will no longer be a hurdle holding back their investments.
#BTC #BTCPrediction #NewsTrade #ETHCrossed2500

Bitcoin Surpasses $100,000

Bitcoin has surged past the $100,000 mark for the first time since early February, driven by optimism surrounding global trade agreements, including a new U.S.-U.K. deal. The rally has been fueled by institutional interest, with Bitcoin exchange-traded products (ETPs) attracting significant inflows. Analysts are eyeing potential resistance at $107,000 and support around $92,000 .

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⚖️ XRP's Market Cap and Future Projections

XRP, currently the fourth-largest cryptocurrency by market capitalization at approximately $140 billion, is experiencing increased attention. Analysts are exploring price predictions based on various market cap scenarios, highlighting XRP's potential for significant growth .

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📉 Ethereum Faces Challenges

Ethereum has seen a slight dip, with its price currently at $2,519.48. Despite this, Ethereum remains a key player in the crypto space, with ongoing developments aimed at enhancing its scalability and utility.

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🏛️ Regulatory Developments

U.S. Strategic Bitcoin Reserve: President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve, positioning Bitcoin as a national reserve asset. This move underscores the growing institutional adoption of cryptocurrencies .

Celsius Network CEO Sentenced: Alex Mashinsky, former CEO of Celsius Network, was sentenced to 12 years in prison after pleading guilty to securities and commodities fraud, marking a significant regulatory action in the crypto industry .

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🌐 Global Crypto Market Trends

The global cryptocurrency market is projected to grow at a compound annual growth rate (CAGR) of 9.7% during 2025–2033, driven by increasing adoption and technological advancements .

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📊 Market Snapshot

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These developments indicate a dynamic and rapidly evolving cryptocurrency landscape, with significant institutional involvement and regulatory attention shaping the market's future trajectory
#ETHCrossed2500 #BTC #solana #CryptoNews🚀🔥V #DonaldTrump