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Bitcoin holds near $82,000 as Ethereum lags and Solana, Aerodrome and Ondo edge higher. October 20 analysis tracks key support, resistance, and daily signals.
Bitcoin’s MACD Improves Without a Bullish Crossover
Bitcoin closed October 19 at $81,843.70, down 0.19%, after reaching $83,100. The session traded above the $82,538–$82,826 resistance area identified in Monday’s report but failed to hold above it at the close. That was an intraday move through resistance, not a confirmed daily breakout.
Daily MACD, using 12- and 26-period exponential averages with a nine-period signal EMA, remained bearish. Its line fell to −10.68 against a 393.08 signal.
The histogram improved to −403.76 from −456.84, indicating a narrowing gap between the lines rather than a bullish crossover. The MACD line also crossed below zero on the completed candle.
The latest completed four-hour histogram was positive at 73.83, showing stronger short-term momentum than the daily reading.
CoinGecko’s quote was nevertheless 0.50% below Monday’s $82,428 report snapshot, a separate comparison from its rolling 24-hour change.
A daily close above $83,100 would strengthen a recovery toward $84,049–$84,250, the cluster of October 12–14 highs.
Losing $81,648 on a daily close would weaken the latest rebound and expose $80,568. A close below the October 15 low at $79,709 would invalidate that recovery structure.
Ethereum’s RSI Remains Below Neutral
Ethereum closed at $2,405.43, slipping 0.09% after a $2,382.78–$2,443.70 session. The daily chart remains below the October 16 high at $2,490.84 and the earlier $2,527–$2,535 resistance area, leaving the broader October pullback intact.
The 14-day RSI, calculated with Wilder smoothing, eased to 37.87 from 38.03. It remained below the neutral 50 line without reaching the conventional 30 oversold threshold.
This points to weak momentum, not a standalone signal that a rebound is due. Four-hour RSI was firmer at 47.54 but also below neutral.
Ethereum’s aggregate quote was 0.60% below the $2,425.66 snapshot in the October 17 edition.
The earlier downside reference at $2,313.42 remains intact, although subsequent sessions have not produced a sustained recovery.
A daily close above $2,443.70 would improve the immediate structure and bring $2,490.84 into focus. Clearing that second level would strengthen the case for a test of $2,527–$2,535.
Conversely, a close below $2,382.78 would expose $2,354.01 and $2,326.25. Losing $2,313.42 on a daily close would invalidate the developing base.
Solana Rebounds Beneath Two Falling Averages
Solana gained 0.89% on its completed daily candle to close at $104.95. That extended the recovery from Sunday’s $100.34 low, but the close remained below the 50-day exponential moving average at $106.75 and the 20-day EMA at $108.96.
Both averages declined from the previous session. The faster 20-day average remained above the 50-day average, so the chart did not produce a new bearish crossover.
The relevant signal is simpler: price remains beneath two falling trend references.
Four-hour price action was less weak. The latest completed close stood above its 20-period EMA at $104.28 but below the 50-period EMA at $106.01.
This supports a short-term rebound interpretation without overturning the daily trend.
A daily close above Monday’s $106.08 high would put the 50-day EMA in reach. A subsequent close above $108.91–$108.96, where the October 13 high meets the 20-day EMA, would materially improve the recovery toward $111.92–$113.27.
Failure to hold $103.43 would weaken that scenario and bring $101.00 into view. A daily close below $100.34 would invalidate the latest rebound.
Aerodrome Loses Support Despite Its 24-Hour Gain
Aerodrome’s positive rolling return contrasts with a weaker completed daily chart. It closed October 19 at $0.7957, down 0.39%, following Sunday’s close below $0.8300. The October 16 report had identified that level as the invalidation point for the earlier recovery.
The latest aggregate quote was 12.08% below that report’s $0.919539 snapshot. This is a multi-day comparison, not the coin’s current 24-hour performance.
Daily Bollinger Bands, using a 20-day simple moving average and two population standard deviations, placed the midpoint at $0.8516 and the lower band at $0.7481.
Price remained below the midpoint but inside the bands. The reading shows a weakened recovery, not an automatic buy signal near the lower band.
Monday’s $0.7636 low nearly matched the October 2 low at $0.7635, establishing a visible support test.
A daily close above $0.8090 would be an initial improvement; reclaiming $0.8516–$0.8574 would recover the band midpoint and Sunday’s high, strengthening a move toward $0.9045.
A close below $0.7635 would invalidate the support hold and expose the lower-band reference near $0.7481, which will change with subsequent closes.
Ondo Tests the First Retracement of Its Latest Decline
Ondo closed at $0.43493, up 0.10%, after recovering from Sunday’s $0.41049 low. The rebound remained small relative to the decline from the October 12 swing high at $0.53150.
Fibonacci levels measure an upward retracement of that specific October 12–18 downswing.
The 23.6% level is $0.43905, 38.2% is $0.45672, the 50% midpoint is $0.47100 and 61.8% is $0.48527. Monday’s completed close remained below the first level.
The live October 20 Kraken candle subsequently reached $0.44373 and last traded at $0.44139 in the captured response.
That put price above 23.6% intraday, but it did not confirm a daily close above the retracement.
A daily close above $0.44496, Sunday’s high, would strengthen the rebound toward $0.45672.
Clearing that level would improve the approach to $0.47100 and the October 16 high at $0.47649. A daily close below $0.42764 would weaken the immediate recovery, with $0.42200 and $0.41049 next.
A new low below $0.41049 would invalidate these retracement anchors and require recalculation.
#CryptoNewsFlash

Pro-XRP lawyer Bill Morgan has argued that the SEC lawsuit can no longer serve as an excuse for XRP’s disappointing price performance.
In an X post, he noted that the coin has continued to decline despite the legal dispute’s resolution. Specifically, Morgan said XRP had fallen 45% over the past 12 months and approximately 60% since the litigation with the U.S. Securities and Exchange Commission (SEC) was resolved on August 7, 2025.
“The lawsuit cannot be an excuse all the time for XRP’s current price. That excuse is getting quite old,” Morgan wrote.
He described the legal dispute as an “overrated and exaggerated excuse,” arguing that positive developments in the case often lifted XRP’s price temporarily, but those gains were largely reversed afterward.
Morgan Questions Lasting Impact of SEC Lawsuit Resolution
Morgan acknowledged that favorable developments in the lawsuit had positively affected XRP’s price. However, he argued that these reactions were short-lived and failed to translate into sustained gains.
According to the lawyer, even the resolution of the case did not produce a lasting positive effect on XRP’s market performance. For instance, XRP traded above $3.6 in July 2025. By the time the cases ended in August 2025, the price was already reversing and has remained so since then.
Morgan also suggested that anticipation surrounding the settlement had a greater impact on the token’s price in the months leading up to the resolution. Much of that price appreciation, however, has since reversed, as XRP is trading 60% below the price at the time.
Essentially, Morgan’s comments challenge the argument that regulatory uncertainty remains the primary explanation for XRP’s underperformance.
“SEC Lawsuit Held Back by XRP”
Morgan’s remarks came in response to XRP influencer Digital Asset Investor, who argued that XRP’s legal battle with the SEC set it apart from other major cryptocurrencies.
Digital Asset Investor pointed out that XRP was the only digital asset on a referenced list to face a five-year SEC lawsuit. He claimed that XRP had previously surpassed Ethereum and was moving toward Bitcoin before the legal attacks began.
Reflecting on conversations with Ripple representatives at Evernorth’s Nasdaq listing, the influencer said he received a clear message that the obstacles facing the company had been removed.
“All roadblocks have been removed,” he wrote.
The post followed data showing XRP trading around $1.33, approximately 62.5% below its January 2018 peak. Meanwhile, Bitcoin, Ethereum, and several other top cryptocurrencies are trading far above their 2017/2018 highs.
XRP Faces Questions Post-Lawsuit
The divergent opinions in the XRP community show how much responsibility the SEC lawsuit bears for the token’s price performance.
While Digital Asset Investor maintains that the legal battle placed XRP at a disadvantage compared with other top cryptocurrencies, Morgan believes the lawsuit cannot indefinitely explain XRP’s struggles, especially since its resolution failed to deliver lasting price gains.
#CryptoNewsFlash

#Bitcoin falls 7% as U.S. government BTC transfers coincide with rising short-term holder selling, while $74.6K emerges as a key support benchmark.
Bitcoin has fallen about 7% from its recent high as large U.S. government-linked transfers arrived at a time when traders were already sitting on sizable unrealized gains.
CryptoQuant argues that the government activity acted as the trigger, while elevated profits and rising short-term holder selling left the market vulnerable to a deeper pullback.
CryptoQuant’s tracked U.S. government wallet set has declined by 17,468 BTC since Oct. 6, worth about $1.44 billion at the respective transfer values.
The movements came in three stages: 569 BTC on Oct. 6, 4,632 BTC on Oct. 7 and another 12,267 BTC on Oct. 8.
The latest 12,267 BTC movement involved Bitcoin recovered from the 2016 Bitfinex hack.
U.S. Government Holdings Drop Sharply
The first chart focuses on the latest changes in government-linked holdings. It highlights the three recent reductions, with the Oct. 8 movement by far the largest at 12,267 BTC.
The second chart puts those moves into a longer historical context. CryptoQuant’s tracked seized-Bitcoin balance rose sharply during major government seizures, peaked above 200,000 BTC, and has since declined.
Bitcoin Holders Were Already Sitting on Large Gains
The third chart helps explain why the market may have reacted strongly to the transfers.
It tracks the unrealized profit and loss of Bitcoin held for between one and three months. The cohort had moved back into positive territory, leaving many recent buyers sitting on gains before the latest decline.
That creates a different market environment from one where most traders are already underwater. When unrealized profits are elevated, a negative catalyst can encourage holders to protect those gains by selling.
In CryptoQuant’s interpretation, the government transfers were therefore more of a catalyst than the underlying weakness.
Short-Term Holders Send 45.6K BTC to Exchanges
The fourth chart shows selling pressure becoming more visible.
Short-term holders sent approximately 45,600 BTC to exchanges over 24 hours. The chart itself divides that flow into around 20,700 BTC moved at a profit and 24,900 BTC moved at a loss.
That loss-side flow is notable because it shows some newer holders are no longer simply taking profits; they are also sending coins to exchanges after falling below their acquisition prices.
This raises the risk of more forced or emotional selling if Bitcoin continues lower.
$74.6K Becomes the Bigger Structural Test
The fifth chart turns attention away from the immediate volatility and toward the broader trend.
Bitcoin’s Short-Term Holder Realized Price sits near $74,600, representing the average acquisition cost of the short-term holder cohort.
CryptoQuant treats this as an important level for the current market structure. Remaining above it would leave Bitcoin trading above the average cost basis of recent buyers.
A sustained move below it would put a much larger portion of the short-term holder base underwater and could increase selling pressure.
For now, Bitcoin remains comfortably above that level. But the combination of government-linked transfers, elevated unrealized profits and 45,600 BTC moving toward exchanges shows why the latest 7% decline has attracted attention.
The government transactions may have provided the spark. Whether the pullback develops into something larger now depends more on holder behavior—and whether Bitcoin can remain well above the $74,600 short-term cost basis.
#CryptoNewsFlash

Bitcoin analyst with 1.9M X followers, Lucky Luciano, believes #Cardano (ADA) price is preparing for a major rally after breaking out of a long-term downtrend.
“In my opinion, ADA is setting its tone for another parabolic run,” Luciano wrote on October 5, sharing an ADA/USDT daily chart.
The chart shows ADA price breaking above a downward trendline that had been in place since September 2025. After months of trading around a key support area, ADA finally moved above the trendline.
At the time, ADA was trading near $0.27, up about 5% for the day. Meanwhile, Luciano’s chart points to a potential target around 60% higher.
ADA has already started showing stronger momentum. The token recently moved above $0.1387 and traded around $0.276 on October 6, opening the door to $0.30 as the rally advances.
ADA Breaks Its Long-Term Downtrend
Luciano’s chart shows ADA in a long-term downtrend that started after its highs in mid-2025 around $1.0165. The price continued falling before finding support in a demand zone at $0.1387 in June after a massive dip of 86%.
Meanwhile, ADA then broke above the downward trendline, marking a shift in the trend. Cardano moved above $0.26 in September, extending its recovery from the lower prices recorded during the summer. With ADA price hitting $0.2759 this week, the coin has recovered by over 90%.
Notably, other indicators confirm the improving momentum. As of today, Cardano’s daily chart on TradingView showed ADA trading above its 50-day and 200-day moving averages. The MACD is also bullish, while the RSI is close to 70, confirming strong upward momentum.
Can ADA Continue Rising?
Now, ADA’s next major test is the $0.28-$0.30 range, a key resistance area. A breakout above this zone opens the path toward $0.39, representing about a 40% increase from the levels cited in that analysis.
Meanwhile, a weekly chart analysis identifies $0.23–$0.27 as critical support. Holding this zone would preserve the bullish setup, while a breakout above the $0.30–$0.40 resistance area could signal further upside.
Accordingly, the next major targets would be $0.80 and $1.30. Clearing both opens the path toward $3.10, near ADA’s previous all-time high. However, a weekly close below $0.14 would invalidate the bullish setup.
Cardano is currently around $0.2733, up 1.41% in 24 hours, 9% over the past week, and 22% over the past month.
Interestingly, many analysts are becoming increasingly ambitious as ADA’s price continues to improve, with some already calling for $5 and $10 highs.
#CryptoNewsFlash

Citi raises its Strategy price target to $240 from $136 as a higher Bitcoin forecast and expected mNAV expansion strengthen its MSTR outlook.
Citi has raised its price target for Strategy (MSTR) to $240 from $136 while keeping a Buy rating on the stock. The revision follows the bank’s higher Bitcoin forecast, with Citi now expecting BTC to reach about $113,400 over the next 12 months.
The new MSTR target represents a 76.5% increase from Citi’s previous $136 estimate. With Strategy closing around $160.50 on Oct. 1, a move to $240 would require roughly another 49.5% gain.
Citi’s valuation framework splits that potential upside between a higher Bitcoin price and an expansion in the premium investors are willing to pay for Strategy relative to its underlying BTC holdings.
Bitcoin Appreciation Accounts for Most of Citi’s MSTR Upside
Citi sees about 34% of MSTR’s potential upside coming from Bitcoin appreciation.
That assumption follows the bank’s decision to raise its 12-month Bitcoin target by roughly 39%, from $82,000 to approximately $113,400.
Strategy’s stock has historically moved closely with Bitcoin because BTC represents the core asset on its balance sheet. The company also uses equity, preferred securities, and debt to fund its treasury strategy, which can amplify changes in Bitcoin value at the common-stock level.
This means Citi’s higher BTC forecast directly increases the value it assigns to MSTR.
Citi Also Expects Strategy’s mNAV Premium to Expand
Another 16% of the expected upside comes from Citi’s assumption that Strategy’s mNAV multiple will increase.
mNAV compares Strategy’s market valuation with the net value of its Bitcoin holdings and other balance-sheet items. A figure above 1.0 means investors are valuing MSTR at a premium to the underlying net assets.
Citi’s updated model assumes an mNAV of about 1.24x.
The bank also increased what it calls its Bitcoin Yield Multiple to 4.0x from 2.5x, giving Strategy a higher valuation for its ability to increase Bitcoin exposure per share through capital-market activity.
The two components broadly explain Citi’s new MSTR target. A roughly 34% benefit from its Bitcoin assumption combined with about 16% from mNAV expansion produces close to the 50% upside needed to move MSTR from around $160.50 to $240.
Strategy Remains Highly Sensitive to Bitcoin
Citi’s target therefore depends heavily on Bitcoin reaching the bank’s higher forecast and MSTR maintaining a premium to its underlying BTC value.
If Bitcoin underperforms the $113,400 assumption or Strategy’s mNAV contracts instead of expanding, the valuation model would change. Conversely, stronger Bitcoin performance or a larger MSTR premium could alter the upside case.
For now, Citi’s latest update raises both sides of the equation: a higher Bitcoin forecast and a higher valuation multiple for Strategy, resulting in the jump from a $136 MSTR target to $240.
#CryptoNewsFlash

Bitcoin, Ethereum and XRP hold below resistance as NEAR rebounds and Quant consolidates. Explore technical levels and price scenarios for October 1, 2026.
Bitcoin, Ethereum and XRP opened October with modest rolling 24-hour gains, while NEAR Protocol outperformed the group and Quant remained nearly unchanged. The completed daily charts showed different conditions: Bitcoin remained inside its recent consolidation, Ethereum and XRP stayed below nearby resistance, and NEAR recovered much of its latest pullback.
Quant and NEAR join today’s coverage because both appeared in CoinGecko’s search-trending list and ranked inside its top 100 by market capitalization. NEAR ranked 21st and Quant 32nd in the market snapshot. A trending-search listing measures attention and is distinct from a ranking of price gainers.
Bitcoin Fails to Hold Above the Previous Resistance Zone
Bitcoin closed September 30 at $83,578, down 0.07% from $83,640 a day earlier. The session reached $85,518, temporarily exceeding the $85,210 upper resistance boundary identified in the previous report, before ending back below it. That intraday move did not become a confirmed daily breakout.
The latest high expands immediate resistance to approximately $85,210–$85,520. A completed daily close above $85,520, followed by a hold of the reclaimed area, would strengthen the case for another test of the September highs around $87,250–$87,330.
Support remains near $82,580–$82,950, encompassing the September 28 and September 30 lows. Beneath it, the rising 20-day simple moving average stood near $81,302. A daily close below $82,580 would weaken the range and bring that average into focus.
Four-hour MACD, using 12,26,9 settings, remained mixed as the candle closed at 00:00 UTC. The MACD line was approximately -88.63, above its -116.44 signal line but still below zero. Its positive histogram narrowed from 34.24 to 27.81, indicating that the latest improvement relative to the signal line was losing pace.
Ethereum Holds Above Its 20-Day Average but Below $2,743
Ethereum closed September 30 at $2,684.57, gaining 0.27%. Its $2,736.98 session high remained below the approximately $2,743 resistance level highlighted in the previous report.
Daily Bollinger Bands, calculated using a 20-day simple moving average and two standard deviations, had a midpoint near $2,610.17 and an upper band near $2,833.57. ETH price closed above the midpoint and inside the bands, with nearby horizontal resistance still separating price from the higher band.
Fibonacci retracements of the advance from September 15’s $2,361.16 low to September 21’s $2,804.42 high place the 23.6% level near $2,699.81 and the 38.2% level near $2,635.09. The latter closely matches the recent support floor around $2,635.
A daily close above $2,743 would put the $2,787–$2,804 highs back in view. Only a further break of that area would support an extension toward the upper Bollinger Band, whose value changes with subsequent closes.
Conversely, a close below $2,635 would weaken the consolidation and expose the 20-day average near $2,610, followed by the 50% retracement near $2,583.
XRP’s $1.45–$1.47 Support Remains in Focus
XRP finished September 30 near $1.49 after reaching approximately $1.54. The close remained near the preceding session’s level and below the $1.53–$1.56 resistance band identified in the previous report.
The 20-day simple moving average rose to about $1.44. Fibonacci retracements of the advance from the September 16 low of $1.25 to the September 23 high of $1.66 provide additional reference points: approximately $1.50 at 38.2%, $1.46 at 50%, and $1.41 at 61.8%.
The 50% retracement falls within the established $1.45–$1.47 support area, while the moving average sits just beneath it. A completed close below this support band would weaken the current structure; a further loss of the average would bring the $1.41 retracement into focus.
On the upside, reclaiming $1.50 would be an initial improvement, but a close above $1.56 would be needed to clear the broader resistance band and nearby 23.6% retracement. Holding that reclaimed area would support a retest of $1.61–$1.66. A return below $1.53 after a breakout would weaken that recovery scenario.
Quant’s Daily Recovery Meets Softer Four-Hour Momentum
Quant closed September 30 at $286.87, up 7.36% from $267.20. The session climbed to $326.12 before retreating into the close. Its nearly flat rolling 24-hour return at the later snapshot measures a different window from that completed daily gain.
Fibonacci retracements of the rebound from September 28’s $196.87 low to September 30’s $326.12 high place the 23.6% level at $295.62, the 38.2% level at $276.75 and the 50% level at $261.50. The daily close sat between the first two levels, although the subsequent spot quote was back above $295.62.
The latest completed four-hour MACD line fell below its signal line, with the histogram turning from +0.32 to -1.28. Both lines remained above zero, distinguishing the loss of momentum relative to the signal from a move below the MACD baseline.
A daily reclaim of $295.62 would support another attempt at $318.36–$326.12. A confirmed break above $326.12 would reopen the September 27 high near $358.20. Failure to hold $276.75 would instead expose the September 30 low of $263.45 and nearby $261.50 retracement.
NEAR Recovers Toward Its September High
NEAR closed September 30 at $5.34, up 9.20% from $4.89. The session high of $5.49 remained below September 27’s $5.57 peak, so the rebound had not yet produced a confirmed breakout above the recent high.
Four-hour MACD showed improving momentum at the common chart cutoff. Its line stood near 0.109, above the 0.078 signal line, while the positive histogram increased from approximately 0.026 to 0.031. Unlike Bitcoin, both NEAR readings were above zero.
The $5.16–$5.19 area, containing earlier daily highs, is the first area to watch for a successful support retest. Holding above it would preserve the rebound toward $5.49–$5.57. A return below $5.16 would weaken the recovery, with the September 30 low at $4.84 and September 29 low at $4.55 providing lower reference points.
For a conditional upside scenario, two-point Fibonacci extensions of the recovery from September 29’s $4.55 low to September 30’s $5.49 high stand near $5.75 at 1.272 and $6.07 at 1.618. Those levels become relevant if NEAR first closes above $5.57 and holds the breakout area; they are projected extensions, not confirmed price destinations.
#CryptoNewsFlash

#Bitcoin is showing signs of strength as its monthly RSI recovers from the low levels seen during its 2026 decline.
Bitcoin analyst PlanB, who has over 2 million followers on X, shared the latest monthly RSI chart from Block Horizon and simply said, “Bitcoin is getting stronger.”
Bitcoin Monthly RSI Moves Back Above 50
The chart, updated on September 24, shows Bitcoin’s monthly RSI at around 54, while its five-month average is about 47.
Earlier in 2026, the RSI fell into the mid-40s, indicating weaker momentum. This decline coincided with Bitcoin’s price drop from $97,860.60 to $57,700 in July, representing a 40.99% decline.
However, Bitcoin has improved significantly since that low. Bitcoin has surged to $87,265 as of this week, representing a 51% gain from the July low.
Accordingly, Bitcoin’s monthly RSI has now recovered above 50, suggesting that BTC’s momentum is improving. However, the RSI remains well below 70, a level often seen during Bitcoin’s strongest rallies.
The chart also shows that Bitcoin’s RSI has experienced major ups and downs in the past. Major market peaks have often occurred with RSI readings above 85, while major corrections have pushed the indicator below 50.
Therefore, PlanB’s comment suggests that Bitcoin’s momentum is improving following the previous decline.
Gradually Entering a Bull Market
Interestingly, when Bitcoin reached a peak of $126,200 in 2025, its RSI did not reach the typical 80-plus levels seen during previous bull markets. Instead, it reached the mid-70s before the decline began.
On the other hand, the RSI reached the usual bear-market bottom levels below 50, similar to what occurred during previous bear markets.
CoinMarketCap data shows BTC at around $84,580, up about 1.5% over the past 24 hours and 8% over the past week. The recovery has led to more positive comments from traders on social media, with some suggesting that the bull market has resumed.
X user Riley Coleman said that despite criticism from some bears, Bitcoin’s market structure is getting stronger. “The bears can keep coping all they want on social media, but the math doesn’t care about your feelings,” he said.
Notably, the RSI suggests Bitcoin is gradually entering another major rally. At around 54, the monthly RSI remains in the middle of its historical range and well below the extreme levels seen during previous market peaks.
The key point is that Bitcoin’s monthly RSI has recovered as its price has risen significantly from the July low. If the RSI continues to rise, it would suggest stronger long-term momentum. If it falls below 50 again, it could indicate renewed weakness.
Bitcoin Supertrend Flashes Buy Signal at $84K
Beyond the monthly RSI, Bitcoin’s Supertrend indicator has turned green again around $84,000, signaling a shift back to an uptrend.
The previous green signal appeared in 2023 near $16,000 and remained in place for roughly three years as Bitcoin climbed about 700%, eventually reaching $120,000. The indicator has now turned green again after Bitcoin fell to around $57,700 in July 2026 and subsequently rebounded by about 51%.
The Supertrend indicator uses price and volatility to identify market direction, with green indicating an upward trend.
Bitcoin has also moved back above its 365-day moving average near $83,000 and its 50-week moving average. The next major technical level is around $88,761, the two-year moving average. A sustained move above these levels could signal stronger momentum, although technical indicators do not guarantee future gains.
#CryptoNewsFlash

Tesla’s Bitcoin Holdings Approach $1 Billion After BTC’s 14% Weekly Rise.
According to Arkham data, Tesla’s Bitcoin position is approaching a market value of $1 billion after BTC recorded a sharp increase over the past week.
The electric vehicle manufacturer holds 11,509 BTC, currently valued at approximately $994.90 million, based on the figures provided. The value of the position increased by about $122.62 million in one week as Bitcoin rose roughly 14%.
At $994.90 million, Tesla’s Bitcoin holdings are approximately $5.1 million short of the $1 billion threshold. The weekly increase reflects the higher market price of Bitcoin rather than a new purchase or realized profit.
Tesla’s Bitcoin Holdings Date Back to 2021
Tesla made its major entry into Bitcoin in early 2021, when the company disclosed a $1.5 billion investment in the cryptocurrency. It also briefly allowed customers to purchase vehicles using Bitcoin before ending the payment option later that year.
Tesla subsequently reduced its position. The company’s largest disposal occurred in 2022, when it converted a substantial portion of its Bitcoin holdings into traditional currency and reported proceeds of approximately $936 million from the sale.
Following those reductions, Tesla retained a smaller Bitcoin treasury. Its current balance stands at 11,509 BTC, and the supplied data indicates that the company has maintained this position for roughly four years.
Bitcoin Price Changes Move Tesla’s Holdings by Millions
The size of Tesla’s remaining position means changes in Bitcoin’s market price can produce substantial changes in its dollar valuation.
With 11,509 BTC, every $1,000 movement in Bitcoin changes the market value of the position by approximately $11.51 million. A $10,000 increase would correspond to roughly $115.09 million in additional market value, assuming the number of Bitcoin held remains unchanged.
The latest 14% weekly Bitcoin increase has consequently pushed Tesla’s position close to ten figures. Based on the supplied valuation, the company’s 11,509 BTC are now worth about $994.90 million, compared with approximately $872.28 million a week earlier.
The roughly $122.62 million difference is an increase in the market value of the holdings, rather than cash generated or realized profit from selling Bitcoin.
#CryptoNewsFlash

Market veteran Dan Gambardello has urged traders not to write off Cardano as ADA approaches a potentially important technical breakout.
Cardano started the week on a positive note as the broader cryptocurrency market staged a recovery. ADA climbed from an intraday low of $0.23 to around $0.25, strengthening its recent rebound despite the token’s significant decline over the past several months.
While some critics have questioned whether Cardano can regain its previous momentum, Gambardello has taken a different view. He warned traders against dismissing the cryptocurrency, pointing to a technical setup that could support a sharp upward move.
Gambardello Sees Potential Move to $0.40
Gambardello specifically cautioned traders against “writing off” Cardano as ADA approaches a possible breakout.
According to him, ADA could reach $0.40 “in an instant” if it escapes its current technical structure. His comment highlights the importance of the resistance levels ADA is currently testing and the possibility of a stronger rally if the token breaks above them.
The accompanying chart shows ADA trading around $0.241 while testing an ascending yellow trendline that has recently acted as resistance. Recent candles have moved above the trendline, suggesting that buyers are attempting to push the token into a stronger position above this level.
ADA Builds Recovery Structure
Meanwhile, ADA has recovered significantly from its recent low near $0.14 and has formed a series of higher lows. The blue moving average has also turned upward and remains below the current price, indicating that short-term momentum has improved.
Nonetheless, ADA still faces resistance from the longer-term red moving average, which continues to trend downward from higher levels. Therefore, a sustained break above these resistance areas could play an important role in determining whether ADA can extend its recovery.
At its current price of $0.24603, ADA requires a surge of 62.58% to reach the $0.40 target highlighted by Gambardello. Notably, ADA last traded around the $0.40 level in January 2026 before losing ground.
Gambardello Still Holds ADA
Gambardello’s latest comments also stand out because he previously reduced his Cardano exposure during the governance crisis that affected the ecosystem in June 2026.
At the time, he disclosed that he had moved part of his ADA holdings into Sui. Although he has since liquidated some of his Cardano position, Gambardello confirmed that he remains an ADA holder. However, the exact size of his current ADA holdings remains unknown.
Meanwhile, Cardano continues to retain much of the gain from yesterday’s broader market rally. ADA is currently up 5.63% over the past 24 hours, with its market cap rising by a similar percentage to $9.02 billion.
With this valuation, ADA ranks as the 14th-largest cryptocurrency by market capitalization on CoinMarketCap. Whether it can sustain the current recovery will depend in part on its ability to overcome the resistance levels highlighted in Gambardello’s analysis.
#CryptoNewsFlash

The #XRP perpetual and spot CVDs have recently recorded massive declines amid selling pressure, but there may be a silver lining.
XRP is showing an unusual level of calm as traders continue to cut their leveraged positions and spot-market selling remains high. The asset currently trades at $1.32, up 3.14% on the day, while holding key support. The broader crypto market also gained ground after Wednesday’s quarter-point Federal Reserve rate hike and Thursday’s SEC approval of a blockchain-based stock trading pilot.
Bitcoin (BTC) moved back above $78,000, while Ethereum (ETH) held above $2,500. XRP, meanwhile, stayed between $1.28 and $1.33, a range it has held for much of the past week after falling roughly 4% from a recent high around $1.42.
The price movement looks calm at press time, but data from the futures and spot markets shows that traders have made much larger moves beneath the surface.
XRP Leverage Drops Three Times Faster Than Price
Binance data shows that traders are reducing leverage. Notably, XRP open interest on the exchange fell from about $323 million on Aug. 22 to roughly $219 million by Sept. 17. That amounts to a 32% drop in less than four weeks.
XRP’s price declined by only about 11% over the same period, indicating that Open Interest fell almost three times faster than the price.
This suggests that traders have closed leveraged positions at a much faster rate than XRP has fallen, rather than the decline coming mainly from traders opening new short positions.
Data from the broader derivatives market shows the same trend. XRP’s total derivatives open interest dropped from roughly $1.13 billion in mid-August to about $871 million by Sept. 17, representing a decline of more than $250 million in less than a month.
Spot Selling Pushes XRP CVD to New Lows
The selling pressure has also spread into the spot market. Binance’s Perpetual CVD, which measures the difference between aggressive buying and selling in the futures market, fell from around -$361 million to -$1 billion over the same period, giving the indicator its weakest reading from July through September.
Spot markets recorded a larger change. Estimated Spot CVD across major centralized exchanges dropped from about -$111 million to -$2.1 billion, also reaching its lowest point during the July-to-September period. This represents a nearly $2 billion change toward stronger spot selling.
The move was more than three times larger than the roughly $639 million decline in perpetual CVD. This shows that selling has not come only from traders using leverage. Spot-market participants have also sold large amounts of XRP, either taking profits or reducing their losses.
Less Leverage Could Give XRP Room to Recover
Falling open interest and deeply negative CVD give XRP a mixed market trend. Traders have reduced their positions, but aggressive sellers still control much of the market flow.
Notably, the smaller derivatives market could limit the amount of leverage available to drive another sharp decline. Also, a lower open-interest base means fewer highly leveraged long positions remain vulnerable to forced liquidations if XRP falls again.
If short positions take up a larger share of the remaining open interest, funding rates could move toward neutral or even negative levels. This could create conditions for a short squeeze if buying demand returns.
XRP’s recent price action also shows some stability. The token has stayed above its 20-week EMA around $1.29 despite the large drop in leverage. A daily move above $1.40 could put the $1.60-$1.70 range in focus. However, a close below $1.29 could push attention back to the psychologically important $1.00 level.
#CryptoNewsFlash

The stablecoin market on the #Cardano network recorded a double-digit increase over the past week, pushing its valuation above the $60 million mark.
According to data from DeFiLlama, Cardano’s stablecoin market cap climbed to $60.39 million, representing a 14.67% increase over the past seven days. The rise marks one of the strongest short-term expansions in the network’s stablecoin sector in recent months and signals increasing participation in Cardano’s decentralized finance ecosystem.
Cardano Stablecoin Market Cap Soars
USDCx Fuels Cardano Stablecoin Valuation
The surge came only days after an unidentified user bridged more than $10 million worth of USDCx onto the Cardano blockchain. Several ecosystem participants highlighted the transaction, including Cardano DeFi aggregator DEX Hunter.
Meanwhile, additional USDCx tokens have continued to enter circulation on Cardano. Data shared by SNEK co-founder Rami indicates that roughly $4.5 million worth of USDCx was minted on the network within two days, further strengthening stablecoin liquidity. As a result, the fresh capital inflow has deepened liquidity across the ecosystem.
USDCx, the Circle-backed stablecoin introduced to Cardano earlier this year, has quickly established itself as the dominant stable asset on the network.
Currently, USDCx commands a market share of 59.38%, accounting for $35.85 million of Cardano’s total $60.39 million stablecoin market cap. The rapid growth highlights increasing adoption of the asset as users seek seamless access to cross-chain liquidity within the ecosystem.
Stablecoin Growth Supports Total Value Locked
The rise in stablecoin liquidity also lifted Cardano’s total value locked (TVL), which climbed to approximately $82 million earlier this week before retreating to around $75 million following the latest decline in ADA’s price.
Despite the pullback, analysts believe the recent increase in stablecoin reserves provides a stronger foundation for future DeFi expansion on the network. Cardano research analyst Dr. Cuadrado believes the recent influx of stablecoin liquidity marks the beginning of a major growth phase for the ecosystem.
According to him, the most explosive stage of the current bull market could begin once Cardano’s stablecoin market cap surpasses its total value locked. He argued that such a development would signal the presence of excess liquidity waiting to be deployed across decentralized applications.
In his view, higher stablecoin reserves would lead to deeper liquidity pools, increased borrowing and lending activity, larger trading volumes, and more attractive yield opportunities across the network.
ADA Remains Under Pressure Despite Improving Fundamentals
Meanwhile, ADA continues to face bearish pressure despite the improvement in on-chain metrics. The asset has gradually slipped down the global cryptocurrency rankings and currently stands as the world’s 18th-largest crypto by market cap.
At press time, ADA had a market valuation of $5.53 billion and traded at $0.1519 per token, representing a 35.43% decrease over the past month.
#CryptoNewsFlash

#XRP latest market downturn is drawing comparisons to one of the asset’s most dramatic recoveries.
Crypto commentator Digital Outlook argues that the current sell-off resembles the conditions that preceded XRP’s explosive rally after the SEC lawsuit in late 2020.
The commentator recalled aggressively accumulating XRP during the market panic triggered by the U.S. Securities and Exchange Commission’s lawsuit against Ripple. In his words:
“I put in multiple five figures the day before the SEC lawsuit dropped. The price collapsed to $0.17, and four months later? $1.97. That’s 1,200% return. I’ve seen this movie before, guys.”
Key Points
Digital Outlook says XRP’s current sell-off resembles the 2020 crash that preceded a 1,200% rally.XRP has fallen more than 70% from its cycle high, with the latest drop fueled by broader market weakness.A repeat of XRP’s historic rebound could theoretically send the asset toward the $14 level.XRPL validator Vet urged the community to focus on building and long-term growth during the downturn.
1,200% After Historic Crash
Data from CoinMarketCap supports the historical comparison. Following the SEC’s lawsuit against Ripple in December 2020, XRP’s price plunged to a low of about $0.1748. It marked one of the asset’s steepest declines.
However, sentiment shifted rapidly in the months that followed. By April 2021, XRP had surged to roughly $1.96 during the crypto bull market. That represented a gain of more than 1,000% from its post-lawsuit lows.
Digital Outlook believes the current market environment is similar to that period. In his view, today’s fear could eventually give way to another major recovery.
XRP Down More Than 70% From Peak
The latest decline has been severe. XRP fell to around $1.09 this week during the ongoing crypto market correction. The downturn also pushed Bitcoin to $59,000 after it traded above $70,000 just a week earlier.
Current market data shows XRP is down 19.3% over the past seven days. It has also fallen 23% over the past month and 41% year-to-date. From its cycle peak of $3.65, XRP has now declined by more than 70%.
The weakness has not been limited to XRP. Bitcoin has also posted significant losses. It is down 34% year-to-date, 25% over the past month, and 17% over the past week.
As a result, some XRP supporters view the current decline as a potential accumulation phase rather than a sign of failure. They see parallels with previous market cycles.
What a Similar Recovery Could Mean
While Digital Outlook did not provide a specific price target, his reference to XRP’s previous 1,200% recovery has fueled optimism among bullish investors.
If XRP were to replicate a similar percentage gain from its recent low near $1.09, the asset could theoretically climb toward the $14 level in a future bull run.
However, past performance does not guarantee future results.
XRPL Validator Urges Community to Focus on Building
Amid growing fear across the market, XRP community figure Vet encouraged investors to focus on long-term development rather than short-term price action.
According to Vet, periods of market weakness often create opportunities for education and building within the ecosystem.
He argued that XRP and the broader digital asset industry have repeatedly survived major downturns despite recurring predictions that the sector was finished.
The validator advised community members who feel overwhelmed by the volatility to step away from the charts temporarily. He suggested returning with a longer-term perspective.
#CryptoNewsFlash

1. Executive Brief: The Anatomy of a High-Concession Exit
The $1.26 billion block trade of BlackRock’s iShares Bitcoin Trust (IBIT) on May 26, 2026, serves as a seminal stress test for the maturation of digital asset market microstructure. Executed at 10:30 a.m. (14:30 UTC), this transaction moved a significant volume of risk from the shadow of fragmented OTC desks into the regulated transparency of a U.S. ETF wrapper. While the scale confirms the product's ability to facilitate billion-dollar exits, the execution mechanics reveal a notable mandate-driven de-risking event rather than a tactical rebalance.
The core metrics of the transaction underscore a prioritization of speed over price optimization. Approximately 29.21 million shares of IBIT were traded off-exchange via the FINRA/Nasdaq TRF Carteret facility. The execution price was established at 43.16 per share—a 2.3% (1.01) discount relative to the contemporaneous market price of $44.17. For the seller, this resulted in an estimated $29.5 million execution cost. In clinical terms, this $29.5 million represents an "anonymity premium" paid to facilitate a massive counterparty risk transfer while attempting to mitigate the signaling risk inherent in visible exchange-based liquidations.
2. Deconstructing the "Basis Trade" Counter-Thesis
Within the current market regime, high-volume ETF spikes are frequently dismissed as the mechanical unwinding of "basis trades"—a market-neutral strategy where participants hold long spot ETF positions against short CME futures. However, structural data provided by NYDIG’s research team (Greg Cipolaro) suggests that the May 26 event was directional rather than arbitrage-related.
The 2.3% concession paid is incompatible with the tight margins of standard basis trades; such a discount would effectively negate the carry-trade yield. Furthermore, the absence of a corresponding footprint in the derivatives market is definitive. While the IBIT position represented exposure equivalent to roughly 3,700 CME $BTC futures contracts, only 91 contracts traded during the minute of execution, with no spike in volume observed.
Evidence Against Basis Trade Unwind
Metric
Observed Value
Strategic Implication
Execution Discount
2.3% ($1.01 per share)
Concession exceeds typical arbitrage margins; suggests non-arbitrage, directional motivation.
CME Futures Activity
91 contracts (vs. 3,700 required)
Lack of correlated futures volume rejects the "basis trade unwind" hypothesis.
Execution Venue
FINRA/Nasdaq TRF Carteret
Private negotiation indicates a deliberate strategic trade-off: paying a premium for anonymity.
Counterparty Identification
Exceeds all disclosed 13F holdings
Trade size surpasses every reported position in current 13F filings, implying an undisclosed or synthetic "whale" exit.
The rejection of a mechanical unwind confirms that a major discretionary holder has turned bearish or is facing external liquidity requirements, shifting the focus to broader sentiment erosion.
3. Market Microstructure: Dark Pools and Liquidity Constraints
Dark pools are optimized for institutional liquidity provision, designed to facilitate large-scale risk transfers while minimizing immediate price impact. Alex Thorn (Galaxy Digital) identified this as the largest IBIT dark pool trade on record, with Eric Balchunas (Bloomberg) noting the volume was 22 times larger than the day's next largest sell order.
The microstructural response to this trade highlights a lead-lag relationship between the ETF and spot markets:
Spot Volatility: Within 10 minutes of the 14:30 UTC print, Bitcoin spot price dropped 1.5% from $77,875 to $76,720, eventually sliding to $75,600.ETF Absorption: Despite the underlying spot volatility, the IBIT ETF price stabilized soon after. Analysts observed that the market "absorbed" the trade well within the fund structure itself, suggesting that while information leakage hit the spot market, the ETF's secondary market provided sufficient depth to prevent a cascading breakdown in the product's price relative to its NAV.
This divergence suggests that the ETF wrapper acted as a liquidity buffer, even as the scale of the exit signaled a breakdown in underlying support levels below the $80,000 threshold.
4. Macro-Sentiment and The Capital Rotation Narrative
The May 26 block trade was the apex of an 8-to-9-day net outflow streak (May 15–29) that saw total category AUM contract from $107.75 billion to $94.17 billion. This "capital flight" is not merely technical but reflective of a macro-pivot. Bitcoin has experienced a 16% decline year-to-date in 2026, causing it to drop to the 13th largest asset globally. This stands in stark contrast to the S&P 500’s nine-week rally and the surge in AI-linked equities and precious metals.
Specific macro-geopolitical catalysts have accelerated this rotation:
Regulatory Shifts: The "Clarity Act" has provided a compliance framework for digital assets but has ironically favored infrastructure-linked assets and Ethereum (fixing its compliance discount) while leaving Bitcoin exposed to a "risk-off" rotation.Geopolitical De-escalation: Reports of Iran ceasefire talks have eased global tensions, reducing the "geopolitical hedge" premium previously embedded in Bitcoin’s price.Institutional Position Trimming: 13F filings confirm mandate-driven de-risking by Tier-1 firms, with Jane Street reducing exposure by 70% and Goldman Sachs cutting positions by 10%.
5. Institutional Outlook: Market Maturity vs. Sentiment Shift
The IBIT block trade signals a "normalization" of institutional trading behavior, where billion-dollar exits are feasible but remain costly. The month of May saw IBIT record $1.41 billion in total net outflows, including the $528 million withdrawal on May 28—the second-largest daily outflow in the fund's history.
Strategic Takeaways for Institutional Allocators
Liquidity Reality & NAV Slippage: Billion-dollar exits now require significant concessions. Allocators must incorporate high-liquidity premiums (2%+ discounts) into their risk-management and exit-cost models for digital assets.Product Dominance as a "Primary Exit Ramp": IBIT has solidified its role as the market's primary liquidity venue. Institutions gravitate to BlackRock’s vehicle not just for entry, but because it provides the most robust infrastructure for massive, rapid counterparty risk transfers.Sentiment Indicator: The transition from technical arbitrage to discretionary de-risking suggests a fundamental re-evaluation of Bitcoin's role in the multi-asset portfolio. A seller’s willingness to accept a $29.5 million loss suggests that the perceived risk of holding the asset now outweighs the cost of a high-concession exit.
In conclusion, the May 26 IBIT block trade represents a structural milestone. While the infrastructure successfully facilitated the trade without a market-wide collapse, the event serves as a definitive reminder that institutional participation in digital assets remains subject to the same rigorous "risk-off" thresholds and mandate-driven de-risking as traditional asset classes. Institutional capital is increasingly mobile, and its presence is not a guarantee of permanent support.
#BTC #btcnews #CryptoNewsFlash

The stablecoin market cap on the XRP Ledger is now approaching the $1 billion milestone, driven by RLUSD’s impressive growth on the network.
Amid the recent global push surrounding tokenization trends, the XRP Ledger-based stablecoin market has continued to see impressive growth after gaining traction later than most crypto ecosystems.
Specifically, the stablecoin market cap on the XRPL has hit $907 million, according to leading tokenization platform RWA.xyz, approaching the $1 billion milestone. For context, the stablecoin market on the network was valued at just under $277 million at the start of the year.
RLUSD Contributing to the Growth
Much of this growth comes from the expansion of the Ripple stablecoin, RLUSD, on the XRP Ledger. Notably, when the XRPL-based stablecoin market cap stood at $277 million on Jan. 1, 2026, RLUSD had a valuation of $235 million, representing 84% of the total.
While other stablecoins native to the network have also recorded an impressive growth in valuation, RLUSD has seen the biggest rise since then.
Today, RLUSD’s market cap on the XRPL has reached a high of $763 million, marking an 84.1% share of the $907 million total XRPL-based stablecoin market cap. This indicates that RLUSD has added about $528 million in valuation year-to-date.
Meanwhile, the USDB stablecoin from Brazilian group Braza has grown from $34 million at the start of the year to $115 million today. This makes it the second-largest stablecoin on the XRPL.
Also, BBRL, a stablecoin pegged to the Brazilian Real and also issued by Braza, has risen from $2.6 million to $11.6 million within the same period. However, USDC, which launched on the XRPL last June, has declined in XRPL-based value from $9.3 million at the start of the year to $5.6 million today.
RLUSD Growth Trends
Notably, the RLUSD growth comes as Ripple continues to mint more of the stablecoin across the XRPL and Ethereum, its two native networks. This has brought RLUSD’s total market cap to $1.63 billion, making it the eighth-largest stablecoin in the crypto market.
Of this total figure, about $763 million now resides on the XRPL, making up a 46% market share. This represents a massive improvement, as the XRPL market share stood at a meager 17.5% at the start of this year.
Ripple’s recent RLUSD mints have continued to prioritize the XRPL, including a single-day $200 million deployment last month. As a result of this focus on the XRPL, the RLUSd market cap on the network has grown by $383 million in the past month.
Other XRPL-based Tokenization Metrics
Meanwhile, besides the stablecoin growth, the XRPL is witnessing growth in other tokenization-centered metrics. For instance, RWA holders have increased 69.57% over the past 30 days to 117 today. Also, stablecoin holders have risen to 59,240, while stablecoin transfer volume in the last month has spiked 81% to $4.83 billion.
Despite the impressive growth in most metrics, some areas have seen declines over the last 30 days. Specifically, distributed tokenized value has dropped 10.83% within this period to $360.25 million, with represented value also dropping 0.30% to $3.67 billion.
#CryptoNewsFlash

XRPL has reached $400 million in tokenized real-world asset (RWA) value in just 15 months, significantly outpacing several major blockchain networks, including Ethereum.
Evernorth revealed this in a recent report, while XRP community commentator BankXRP amplified the findings across the crypto community. The comparison has drawn attention to XRPL’s accelerating tokenization activity and highlighted the network’s ability to scale at a pace comparable to some of the industry’s fastest-growing ecosystems.
Key Points
XRPL reached $400 million in tokenized real-world asset value within just 15 months. It took Ethereum 36 months to achieve a similar milestone. XRPL recorded 78% year-to-date growth in tokenized assets, rising from $227 million to $404 million.The network currently ranks tenth globally in represented tokenized value, while Ethereum remains the market leader with $16.8 billion.
XRPL Hits $400M in Tokenized Value Faster Than Ethereum
The report compared how long major blockchain networks took to grow from $10 million to $400 million in tokenized asset value. According to the data, XRPL completed the milestone in just 15 months, whereas Ethereum required 36 months to achieve the same level.
Specifically, XRPL’s tokenized RWA market stood at approximately $10 million in January 2025. However, the valuation surged to $400 million by April 2026, allowing the network to accomplish the feat within 14.9 months.
In contrast, Ethereum’s tokenized RWA market measured around $10 million in September 2018 before eventually climbing to $400 million in September 2021, roughly 35.9 months later. Additionally, the data showed that XRPL outpaced Avalanche and Polygon by six and seven months, respectively.
XRPL Outperforms Ethereum in YTD Growth
Furthermore, XRPL has also outperformed Ethereum in year-to-date tokenized asset growth. According to Evernorth, XRPL’s tokenized value increased by 78% this year, rising from $227 million to $404 million.
Meanwhile, Ethereum’s tokenized value grew by 36%, increasing from $13.8 billion to $18.66 billion during the same period. Notably, several other blockchain networks have also recorded strong tokenization growth in 2026.
Among blockchains with more than $200 million in tokenized assets, SEI leads with 858% year-to-date growth. Plume follows with 366%, while zkSync Era and Stellar recorded growth rates of 361% and 131%, respectively.
XRP Secures Top Position Among Enterprise-Focused Blockchain Networks
Meanwhile, XRPL has overtaken several enterprise-focused blockchain networks, including Aptos, Mantle, and Algorand. As of May 2025, XRPL ranked below those networks with a tokenized value of $116 million, while Aptos, Mantle, and Algorand stood at $120 million, $148 million, and $304 million, respectively.
However, the rankings have shifted significantly. XRPL now leads the group with $404 million in tokenized value, while Aptos and Algorand have declined to $64.9 million and $70.9 million, respectively. Although Mantle’s valuation climbed to $258 million, it remains below XRPL’s current level.
The development comes as competition intensifies among blockchain networks seeking dominance in the rapidly expanding tokenization market. According to data from RWA.xyz, XRPL currently ranks tenth globally in ‘represented’ tokenized value at $404.4 million. Nonetheless, Ethereum continues to dominate the sector with a tokenized valuation of $16.8 billion.
#CryptoNewsFlash

#Bitcoin whales are aggressively buying the dip, with addresses holding at least 1,000 BTC collectively pushing their stash to a 3-month high.
Data from Santiment suggests that these whales see the ongoing Bitcoin (BTC) correction as an opportunity to buy more. While retail market participants panicked, they increased their holdings to levels last seen since March 14.
1K+ BTC Wallets Now Hold 7.17M Coins
The Santiment data highlighted that this caliber of Bitcoin wallets has taken their total holdings back to 7.17 million coins. According to the market intelligence platform, the last time they held this much was over three months ago, when Bitcoin’s price was around $70,000.
As prices continued to climb, whales with at least 1,000 coins appeared to start taking profit. They sold through the strength as BTC reclaimed $82,000 in May. This is a classic smart money move where big market participants sell the top and buy the bottom.
With Bitcoin now sliding lower, these whales are back buying the dip. They have pushed their collective holdings back to the March 14 levels, stacking 7.17 million BTC (worth $461 million at the current price).
Meanwhile, this accounts for 35.82% of BTC’s available supply of 20.04 million coins. Despite the renewed accumulation, their exposure still falls below the February highs.
For context, as Bitcoin crashed to $60,000 in early February, these wallets aggressively bought the dip, pushing their holdings to around 7.26 million BTC and over 36.30% of the circulating supply.
Currently, there are 2,044 wallets with at least 1,000 BTC, culminating in an average holding of 3,507.8 BTC per wallet.
Bitcoin Accumulation Signals Conviction
Notably, the renewed accumulation amid price weakness indicates a strong conviction that Bitcoin will recover from the current setback. As such, they are positioning themselves to capture the upside when the asset rebounds.
It also boosts market sentiment. Seeing these whales buy the dip reestablishes optimism that the current phase could be temporary. Interestingly, the largest market whales have the reputation of buying near the bottom, further fueling positivity.
Additionally, the growing number of BTC’s supply among whales reduces selling pressure. Large wallets are known to hold longer than retail traders, minimizing the risks of increased selling pressure when market conditions worsen.
Has Bitcoin Price Bottomed?
Amid the whale accumulation, attention continues to shift to Bitcoin’s price action. The asset trades at $64,400, reacting adversely to the decision by the Federal Reserve (Fed) to hold interest rates steady on Wednesday.
Prominent market analysts continue to insist that Bitcoin has bottomed. Coinbase CEO Brian Armstrong stated in a recent episode of the Moonshots podcast that BTC bottomed at $60,000.
However, recent analysis places levels near $48,000 as the most likely bottom, citing the Bitcoin CVDD model that has accurately predicted previous cycles.
#CryptoNewsFlash

XRP YouTuber Zach Rector has compared the upside potential of XRP with that of newly public aerospace giant SpaceX.
He argued that XRP offers a more realistic path to a 9x return on investment.
In a post on X, Rector said XRP reaching $10 would generate roughly a ninefold return for investors. By comparison, he noted that SpaceX would need to grow into a $15 trillion company to deliver similar gains from its recent IPO valuation.
“Same return. Wildly different odds,” Rector wrote.
XRP at $10 Could Push Valuation Above $600 Billion
In a YouTube video, Rector explained the math behind his comparison. He noted XRP was trading around $1.13 with a market capitalization of about $77 billion and a circulating supply of roughly 62 billion tokens.
Under those conditions, a move to $10 would represent an increase of about 800%, turning a $1 investment into nearly $9. XRP’s market capitalization would also climb to around $620 billion.
Rector acknowledged that a valuation above $600 billion sounds enormous. However, he argued it remains achievable given XRP’s ambitions in global payments and tokenized assets.
He added that if XRP’s circulating supply eventually expands to its 100 billion maximum, a $10 price would imply a valuation of roughly $1 trillion.
According to Rector, both scenarios remain “very doable” over the long term.
SpaceX Faces a Much Bigger Challenge
Meanwhile, Rector contrasted XRP’s outlook with SpaceX, which recently went public at a valuation of about $1.75 trillion and briefly traded above a $2 trillion market capitalization.
To generate the same 9x return as XRP reaching $10, SpaceX would need to achieve a valuation of roughly $15 trillion to $16 trillion, he said.
According to Rector, that figure would exceed the combined value of the world’s three largest companies today. It would also require SpaceX to reach an unprecedented level of corporate valuation.
He emphasized that the comparison was not meant as criticism of SpaceX or its founder, Elon Musk. Rather, he said he was simply evaluating the likelihood of each asset producing similar returns.
Why Rector Favors XRP
Rector argued that crypto markets have already shown that digital assets can reach valuations in the hundreds of billions of dollars. He pointed to the growth of Bitcoin and Ethereum as examples.
By contrast, he said SpaceX would need to become several times larger than today’s biggest public companies to provide comparable gains.
Rector also noted that many of SpaceX’s largest gains were captured by early private investors and venture capital firms during the company’s two decades as a private business.
While he acknowledged that public investors could still profit from SpaceX, he concluded that XRP price has the better chance of delivering a 9x return over the next three to five years.
#CryptoNewsFlash