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Crypto Insight
5 days ago
- Business
- Crypto Insight
Ether preps record short squeeze as analysis sees $4K ETH price ‘soon'
Key points: Ether is currently forging a short squeeze that stands out in crypto history, says analysis. A 10% price increase would see another $1 billion in liquidated shorts. Shorts should now fuel a $4,000 ETH price rebound. Ether is 'making history' as ETH price gains spark a short squeeze for the record books. Fresh analysis from trading resource The Kobeissi Letter issued Friday now sees ETH/USD hitting $4,000 'soon.' Ether shorts risk punishment as ETH eyes 2025 highs Ether price strength has become one of July's crypto market standouts as altcoins slowly begin following Bitcoin higher. As the largest altcoin by market cap, Ether is punishing short positions at a rate rarely seen before, Kobeissi reports. 'Ethereum is making HISTORY: We are currently witnessing one of the LARGEST short squeezes in crypto history,' it summarized in a dedicated thread on X. 'Ethereum has added +$150 BILLION in market cap since July 1st, days after net SHORT exposure hit record highs.' Data from Cointelegraph Markets Pro and TradingView confirms that ETH/USD gained 20% over the past week alone. Local highs of $3,610 on Bitstamp almost match the year-to-date record seen in early January. Compared to its 2025 low, the pair is up over 150%. Now, Kobeissi not only sees $4,000 coming next, but also continuation of the short squeeze. 'If Ethereum rises another 10%, another $1 billion of shorts will be liquidated,' it calculated alongside data from monitoring resource CoinGlass. 'Furthermore, the fact that many of these shorts are leveraged is adding even more pressure. Ethereum could see $4,000 soon.' Bitcoin dominance drops to March lows Bitcoin meanwhile continues to consolidate below the psychologically significant $120,000 mark. At the same time, capital has been reported as flowing into altcoins as traders eye the potential for quicker returns. Bitcoin's dominance of the overall crypto market cap has halted a multi-year uptrend, falling to 61.4% this week — its lowest value since March. '$BTC.D Has only dropped 4.5% from the local highs and we can already see its impact on alts and ALT/BTC pairs,' popular trader Daan crypto Trades observed on X Friday. Daan Crypto Trades pinned the dominance drop on 'outperformance' from ETH and XRP in particular. 'When the market is eventually looking extremely overheated or shaky, capital will flee back into $BTC & Cash/Stables,' he warned, drawing a comparison to late 2024. Source:
Yahoo
7 days ago
- Business
- Yahoo
Satoshi-Era Bitcoin Whale Moves Final $4.8B to Galaxy Digital, Likely Prepping Sale
The dormant bitcoin (BTC) address tied to one of the network's earliest whales has now moved its entire 80,000 BTC stash to trading desks, with the final 40,191 BTC (worth $4.8 billion) sent to Galaxy Digital on Friday — signaling a likely upcoming sale. Sending to exchanges or trading desks does not confirm a sale of crypto to stablecoins or other tokens, but large amounts of crypto are typically held in hard wallets instead of exchanges — which gives the market a reason to believe otherwise. Blockchain data from Arkham Intelligence indicates that the coins were transferred across 15 transactions to a Galaxy-labeled address starting at 5:41 p.m. ET Thursday, consolidating from four prior wallets into a single holding address prior to the transfer. The OG whale, who first acquired their bitcoin over 14 years ago, began reactivating on July 4, sending eight batches of 10,000 BTC to new addresses in their first movement since April 2011. On Tuesday, they moved 40,010 BTC to Galaxy Digital, which has since begun routing coins to Coinbase, Gemini, Bitstamp, and several unlabeled addresses, indicating potential offloading via OTC desks. The latest tranche brings Galaxy's wallet balance to 40,288 BTC, with no outbound activity recorded since the final whale transfer. The move comes as BTC trades just above $118,000 hovering near its recently set all-time in to access your portfolio
Mint
15-07-2025
- Business
- Mint
Satoshi Nakamoto net worth: Bitcoin's elusive creator becomes 11th richest, surpasses Dell CEO
Satoshi Nakamoto, Bitcoin's elusive creator now ranks as the 11th wealthiest person on Earth with a staggering $129 billion worth crypto wealth. Based on Bitstamp's exchange rate on July 11, 2025, and Forbes' Real-Time Billionaires List, Satoshi Nakamoto possesses an estimated 1.096 million Bitcoin worth $128.92 billion, according to After Bitcoin surged as high as $123,000 for the first time in the last few days, Satoshi Nakamoto wealth skyrocketed, but the wealth of Bitcoin's mysterious founder lays dormant in Satoshi Nakamoto's cryptocurrency account. 'Satoshi Nakamoto's Bitcoin holdings increased by $7.4 Billion' Blockchain analytics firm Arkham, in a post on X on July 11 stated, 'The value of Satoshi Nakamoto's Bitcoin holdings increased by $7.4 Billion today, now worth $128.9B' while it announced that Satoshi Nakamoto surpassed Michael Dell. Notably, if Bitcoin continues to record its usual 50 per cent annual growth, Satoshi Nakamoto wealth could potentially increase further, and he may outpace Warren Buffett this year. He can become the second-richest person in the world by late 2026 if the prediction comes true, according to Bloomberg ETF analyst Eric Balchunas. Eric Balchunas in a post on X stated, 'If bitcoin does its normal 50%/ann then Satoshi will pass Buffett this year and Zuck sometime next year-ish to be #2 richest in world (Elon has huge lead). It's fascinating to ponder that the founder of something so successful never cashed in. It echoes Jack Bogle in that regard.' Also Read | Bitcoin hits $123,000: How investors can book gains and report them in ITR Although the Forbes Billionaires List does not consider crypto wallet holdings in its rankings, but a wealth comparison can still be made with the estimates provided. Currently, Berkshire Hathaway CEO, Warren Buffett, occupies 10th spot in Forbes' Real-Time Billionaires List with $142.1 billion net worth followed by Michael Dell, whose fortune stands around $125 billion. Bitcoin history It is believed that the first bitcoin was created in early 2009 by the unknown creator, Satoshi Nakamoto. What began as a passion project for libertarian-minded computer nerds has become entrenched in the mainstream financial system.
News18
14-07-2025
- Business
- News18
The Man Who Vanished In 2011 Is Now World's 12th Richest, Holds Rs 11 Lakh Crore In Bitcoin
Last Updated: Nakamoto was active online until 2011, then vanished. A NY Post report claims he is a 37-year-old Japanese man, but his activity timings suggest he may be based in the UK The mystery surrounding the identity of Bitcoin's creator has once again stirred global curiosity. Satoshi Nakamoto, the elusive figure credited with inventing the world's first cryptocurrency, remains shrouded in secrecy, with no definitive proof of whether the name represents a real individual or a group. Yet, despite the anonymity, Nakamoto has now been ranked the 12th richest entity in the world, with assets exceeding $128 billion, thanks to Bitcoin's meteoric rise. Satoshi Nakamoto is credited with publishing Bitcoin's white paper in 2008 and mining the first Bitcoin block in 2009. Now, nearly a decade and a half since Bitcoin's launch, Satoshi Nakamoto has become the 12th richest person in the world, with an estimated net worth of $128.92 billion (over Rs 11 lakh crore). According to crypto exchange Bitstamp, Nakamoto is believed to own around 10.96 lakh bitcoins, surpassing even Michael Dell's net worth of $124.8 billion. Various names have been linked to Nakamoto, including software developer Hal Finney, computer scientist Nick Szabo, entrepreneur Elon Musk, and former Twitter CEO Jack Dorsey, all of whom have denied being Bitcoin's creator. Craig Wright, an Australian computer scientist, is the only person to have repeatedly claimed to be Nakamoto. However, a UK court sentenced him to 12 months in prison in 2024, calling him a liar and accusing him of 'legal terrorism" for his persistent falsehoods. His sentence is currently suspended, but he faces imprisonment if he repeats such claims. Money Electric: The Bitcoin Mystery ' explored the enigma. At one point, filmmaker Cullen Hoback suggested that a man named Peter K. Todd might be the creator, but Todd denied any involvement. Nakamoto was active online until 2011, after which he disappeared from public view. A New York Post report suggests Nakamoto might be a 37-year-old Japanese man, although the timing of his online activities aligns with UK daylight hours. Analysis of Bitcoin's code indicates he was proficient in the C++ programming language. Author Benjamin Wallace, in his book ' The Mysterious Mr Nakamoto: A Fifteen-Year Quest to Unmask the Secret Genius Behind Crypto ' published in March 2025, describes Nakamoto as 'an elusive figure who may or may not exist." Regardless of Nakamoto's true identity, their name now shines in the list of the world's wealthiest individuals, adding an intriguing layer to the fascinating story of Bitcoin. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
14-07-2025
- Business
- Time of India
XRP price alert: Analyst sees massive 60% rally incoming. What is XRP and how can you buy it?
Veteran chartist Peter Brandt sees a potential 60% rally toward $4.47 in the coming months for XRP. XRP is a cryptocurrency and remains one of the top-traded cryptocurrencies by market cap. It has gained traction over the recent years can also be used by investors who enjoy speculating on price movements. You can buy XRP on several exchanges, such as Bitstamp, Kraken, Huobi Global, and Coinbase Tired of too many ads? Remove Ads What is XRP? Tired of too many ads? Remove Ads How can you buy XRP? A veteran trader has seen a potential 60 percent rally toward $4.47 in the coming months, according to CoinTelegraph report. According to veteran chartist Peter Brandt, XRP is preparing for a major price his latest XRP chart update, Brandt highlights a 'highly rare continuation compound fulcrum' setup forming on the XRP/USDT weekly price chart, asserting that its resolve could push the pair up by around 60% to $4.47. Peter Brandt's prediction comes at a time when XRP posted its strongest weekly performance since late November, rising around 25% in the week ending July 13 amid broader crypto market strength.-XRP, created by Ripple, is a cryptocurrency which has gained massive traction in the cryptocurrency space due to its speed, efficiency and use in cross-border payments. Like Bitcoin serves as a store of value, XRP was made to facilitate quick and cost-effective transactions.-XRP was launched in 2012 to improve payments across the globe. It serves as a bridge currency that permits financial institutions to transfer money across borders with minimal fees and almost instant settlement times, according to BankRate.-XRP is used for peer-to-peer payments on the XRPL due to fast block times, high throughput and quick transactions.-While XRP is used by investors to extract profit from market fluctuations, Ripple integrates XRP into its payment platform to facilitate transactions between financial institutions and businesses. Ripple is a digital payment company from the same founders.-XRP is pre-mined and has a total supply of 100 billion tokens. XRP is more cost-effective, has faster transaction times, and is less energy-intensive than Bitcoin.-XRP utilizes a burning mechanism unlike traditional transaction fees. XRP is seen a massive surge in recent times owing to several factors such as possible inclusion in a national cryptocurrency reserve, Trump's pro-crypto stance, expanding network utilization and hopes of XRP-exchange traded funds being approved in 2025.-On March 26, XRP had a market cap of $140 billion, according to CoinMarketCap, making it one of the most popular cryptocurrencies in the world.-Major financial institutions worldwide such as Santander, Standard Chartered, and Travelex Bank have endorsed Ripple's technology to transact globally.-You can buy XRP on several exchanges, such as Bitstamp, Kraken, Huobi Global, and Coinbase. Many of the best crypto exchanges and apps trade XRP. XRP is a cryptocurrency that can be used as a payment method or as a way to speculate on price prices, including XRP, can be highly volatile and carry a substantial risk of loss. Before investing, it's wise to consult a financial advisor to assess how XRP fits into your portfolio and whether it aligns with your risk tolerance
