Crypto market recap: Bitcoin slips under $108K as Ethereum leads crypto losses
Bitcoin (BTC) is currently trading around $107,400, slipping modestly under pressure from recent volatility.
Meanwhile, Ethereum (ETH) plunged by over 7%, now ranging near $4,380, marking the biggest decline among major cryptocurrencies today. This drop accompanies a broader correction across altcoins and crypto markets, as profit-taking gains momentum after recent highs. Despite the losses, analysts note that institutional accumulation remains strong and that investors continue to build positions in Bitcoin. Market sentiment remains cautiously optimistic amid drawdowns, signaling confidence in long-term fundamentals despite short-term turbulence.
Bitcoin whale pivots $11.4B into Ethereum
A prominent Bitcoin whale has significantly shifted strategy—converting approximately $11.4 billion in BTC holdings into 837,429 ETH, now valued at around $3.7 billion in Ethereum. This large-scale on-chain move indicates growing institutional interest in ETH at a time when Bitcoin’s momentum appears to cool near critical levels.
The whale’s recent transaction involved swapping 4,000 BTC for 96,859 ETH, followed by an additional 1,000 BTC deposited onto a decentralized exchange—signaling further Ethereum accumulation. Such flows suggest shifting allocations within the crypto ecosystem, reinforcing Ethereum’s appeal as institutions seek diversified exposure.
Metaplanet taps shareholders to expand Bitcoin holdings
In Japan, Metaplanet—a public bitcoin treasury firm—gained approval from shareholders to raise 130.3 billion yen (~$884 million) by issuing 550 million new shares overseas. The capital will be used primarily to buy more bitcoin. Eric Trump, acting as an advisor, attended the meeting in Tokyo, underscoring the Trump family’s expanding influence in global crypto strategies.
Metaplanet now ranks as the seventh-largest public Bitcoin treasury globally, with holdings exceeding $2 billion in BTC. The capital raise reflects mounting institutional confidence and growing treasury-style accumulation especially among public companies.
Recently we wrote that Veteran investor and Rich Dad Poor Dad author Robert Kiyosaki has issued a stark warning about an impending global financial crisis.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
