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BTC & Altcoins Recover After Bloodbath, Whale Activity Spikes

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The crypto market has concluded another week with riveting price actions, keeping traders and investors on their toes. Bitcoin (BTC) price hit a $78K low before regaining back the $85K level, whereas altcoins mimicked the same volatile trend. Notably, the broader market volatility occurred due to macroeconomic heat and liquidity setbacks, urging a panic-selling sentiment among market participants.

Mentioned below are some of this week’s top crypto market updates reported by CoinGape over the past week.

Crypto Market Updates: Bitcoin & Altcoin Prices Ride Rollercoaster

BTC price closes the week near the $85K level after touching a $78K low in the past seven days, as mentioned above. Further, Ethereum touched a $2100 level low this week. Solana saw a trading session at the $130 level. XRP price slipped to even lose $2 in the past seven days.

Notably, the waning action comes against the backdrop of macro developments causing trade war tensions. U.S. President Donald Trump is set to forge ahead with new tariffs on Canada, Mexico, and the EU. As a result, global markets took a hit, with even the crypto sector mirroring a slump.

Moreover, CoinGape reported that the recent crypto market crash is also attributable to massive liquidations. The market saw over $1 billion in liquidations in just a day, with billions liquidated this week. Traders and investors further reflected a panic-selling sentiment amid massive liquidations.

Nevertheless, BTC and altcoins showcased signs of recovery, with the flagship coin nearing $85K and ETH price closing the week near $2,200.

Heightened Whale Activity Sparks Speculations

Simultaneously, crypto whale activity rose substantially amid the recent market volatility, sparking market speculations. CoinGape reported that Dogecoin whales embarked on a massive buying spree amid DOGE price dip, signaling gains imminent.

On the other hand, Solana whales also bought the recent dip, indicating price gains for the crypto looms. SOL whales’ also unstaked massive amounts amid the current volatility, adding a layer of intrigue among market participants.

Also, Ethereum whales have taken on a buying spree, accumulating heavily amid the recent dip. Altogether, the massive accumulations signal renewed market interest in cryptocurrencies after the recent market turmoil. Traders and investors continue monitoring prices for further shifts.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Altcoin

Pepe Coin Whale Shifts Focus To This Crypto; Sells 262B PEPE

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1 hour ago

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March 3, 2025

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A Pepe Coin whale ignited a tidal wave of speculation on Monday by dumping a staggering 262 billion tokens despite an ongoing uptrend. On-chain data suggests that this whale thereby redirected its investments into another token, ONDO. In response, market participants are now speculating over relatively lesser returns via the frog-themed meme token, whilst the DAO crypto remains bullish.

Pepe Coin Whale Offloads 262B PEPE Incurring Loss

According to an X post by Lookonchain on March 3, a Pepe Coin whale sold 261.8 billion tokens worth $2.12 million, marking an alarming loss of $7.05 million. Notably, data signals that the accumulation was made for $9.18 million.

The alarming loss has raised severe investor concerns about meme crypto market volatility. Prior to today’s pump, PEPE, alongside other tokens, witnessed a bloodbath due to macroeconomic developments and liquidity hurdles.

Nevertheless, crypto prices recovered, with PEPE also gaining nearly 10% intraday. The whale’s decision to sell amid this upswing may be to mitigate further losses.

Another Selloff Recorded

Subsequently, data indicated the Pepe Coin whale also sold 531.7 billion BEAM for $4.1 million. This trade maneuver further marked an alarming loss of $7.01 million. Altogether, the whale appears to have used the funds with these selloffs to buy ONDO.

ONDO Accumulation Sparks Buzz Amid 10% Gains

Per the data, this whale thereby moved on to buy 5.25 million ONDO tokens with 6.26 million DAI. Meanwhile, the DAO crypto’s price was up nearly 10% today, closing in at $1.12.

This upswing primarily falls in line with a broader crypto market surge. Bitcoin price briefly re-entered a $95K price level in the past 24 hours. Altcoins also followed a pumping action, mirroring optimism amid broader trends.

Notably, U.S. President Donald Trump recently announced plans to forge ahead with a strategic crypto reserve for Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). This news appears to have fueled a positive investor sentiment globally.

How Is PEPE Price Performing?

Despite the massive whale selloff, Pepe Coin price visited the crypto market party, surging 7% to $0.000008282. Its intraday low and high were $0.000007569 and $0.000008932, respectively.

Notably, market analyst ‘Crypto-Zeus’ further took X amid the rising action, stating, ‘Good time to be a PEPE holder.’ This optimism is primarily attributed to Trump’s green signal into the crypto market, as mentioned above. Crypto market participants continue to eye both the tokens for further price action shifts.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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BTC & Altcoins Pump Hard Amid Trump’s Crypto Reserve Backing

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3 hours ago

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March 3, 2025

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The crypto market today (March 3) has reignited bullish sentiments among traders and investors globally. Bitcoin (BTC) price tapped a $95K high intraday, whereas Ethereum (ETH), Solana (SOL), & XRP prices gained 9%-25%. Notably, the broader bullish action comes amid U.S. President Donald Trump’s recent backing for a strategic crypto reserve that includes XRP, SOL, and ADA.

Crypto Market Today: BTC, ETH, XRP, & SOL Jump Amid Trump’s Crypto Reserve Saga

The global crypto market cap rose substantially by over 8% in the past 24 hours, regaining a break above $3 trillion. Further, the total market volume also skyshot 141% over the past day, reaching $185.95 billion.

Intriguingly, the broader market shows bullish actions primarily as the pro-crypto president is backing a crypto reserve in the U.S. As per a recent Forbes report, a crypto strategic reserve that includes XRP, SOL, and ADA is eagerly awaited nationwide, as indicated by Trump. Notably, this event emerged as potential buy-the-dip news for investors.

BTC Touches $95K High

As of press time, BTC price gained over 8% and exchanged hands at $92,759. The flagship coin hit a 24-hour low and high of $85,040.21 and $95,043.44 in the past 24 hours. Notably, BTC futures OI surged 7% to $54.74 billion today, signaling renewed market interest in the coin that triggered a bullish action. Nevertheless, Bitcoin’s dominance was down by 0.3% over the day, indicating altcoins gained harder.

ETH Price Jumps 10%

ETH price soared over 10% in the past 24 hours and closed in at $2,446. The coin hit a bottom and peak of $2,175.32 and $2,548.81 in the past 24 hours. Ethereum rises alongside a 6% surge in its futures OI to $21.17 billion, underscoring rising market interest. Nevertheless, Ethereum’s market dominance remained down to 9.6%.

XRP Price Shoots Up 24%

Ripple’s XRP led the broader market gains today, rallying 24% to $2.79. The coin’s intraday low and high were $2.23 and $2.97, respectively. XRP futures OI soared 38% over the day, reaching $4.33 billion. Overall, Ripple’s coin leverages renewed market interest amid Donald Trump’s crypto reserve backing.

SOL Price Rockets 18%

Simultaneously, SOL price witnessed an 18% uptick in the past 24 hours, closing in at $170 in sync with broader trends. The coin hit a bottom and a peak of $140.30 and $178.63 in the past 24 hours. Solana futures OI gained over 14% in a day, reaching $5.01 billion.

Meme Crypto Market Reflects Bullishness

Dogecoin (DOGE) price was up by 10% in the past 24 hours, trading at $0.2272. Also, Shiba Inu (SHIB) price followed, up nearly 6% to $0.00001451. Pepe Coin (PEPE) price sky shot nearly 10% to reach $0.000008508.

Top Crypto Market Gainers Today

Cardano (ADA)

Price: $1.05
24-Hour Gains: +59%

Onyxcoin (XCN)

Price: $0.01982
24-Hour Gains: +26%

Cronos (CRO)

Price: $0.09035
24-Hour Gains: +22%

Top Crypto Market Losers Today

Maker (MKR)

Price: $1,524
24-Hour Loss: -6%

Celestia (TIA)

Price: $3.97
24-Hour Loss: -5%

Berachain (BERA)

Price: $8.24
24-Hour Loss: -1%

In conclusion, the broader market mirrors a bullish action primarily as the pro-crypto U.S. President revealed plans for a strategic crypto reserve, including SOL, ADA, and XRP. Traders and investors continue to anticipate further gains, given the market sees such a feat moving ahead.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Lawyer Reveals Likely Reason For Delay In Settling Ripple SEC Case

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8 hours ago

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March 3, 2025

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The US Securities and Exchange Commission (SEC) is inching toward bringing down the curtain on its case against Ripple Labs for the sale of unregistered securities. However, several bottlenecks stand in the way of a swift resolution for the Ripple SEC Case but there appears a way out for both parties.

An Injunction By Judge Torres Complicates Matters For Both Parties

According to a post by Attorney Jeremy Hogan, the delay in bringing the Ripple SEC case to a close lies with an injunction imposed by Judge Analisa Torres. In her landmark judgment, District Judge Torres previously restrained  Ripple Labs from selling securities to the public subject to certain conditions.

The presence of the injunction could hurt Ripple Lab’s chances of proceeding with an IPO in the future, a position that appears unacceptable to the firm. Hogan says Ripple Labs’ attempt to ask the court to disregard the injunction is the primary source of delay for a dismissal.

“How do you dissolve an injunction?” read Hogan’s X post. “It’s not simple, which is why I think the case doesn’t resolve until April-May whereas all these other cases have already been dismissed.”

The Commission’s dismissals of Coinbase’s case and shuttering enforcement action against Gemini have triggered speculation that the end is in sight for the Ripple SEC case.

A Way Out For The Ripple SEC Case

Asking the court to ignore its injunction because the parties have settled is an uphill task in the Ripple SEC Case. Rule 60 of the Federal Rules makes provision for relief for a judgment in special circumstances in light of new facts or errors.

However, the injunction hinges on the Howey test, a longstanding US Supreme Court Law, making it difficult for the court to set aside the injunction. Hogan notes that if Ripple Labs can present a powerful argument for the court, the judge may use her discretion to set aside the injunction. Following a closed-door meeting with the SEC, Ripple Labs is in the endgame of its legal battle with the security watchdog.

“Ripple only has one shot at getting the injunction dissolved with the trial court so it will have to draft a very carefully worded motion,” said Hogan. “That takes time and the SEC will basically have to sign off on it – more complication.

Hogan predicts that parties will dismiss their appeals in April, effectively bringing an end to the drawn-out legal saga in May. In upbeat news, XRP made the cut for the US Crypto Strategic Reserve following an announcement by President Donald Trump.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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