Whales Accelerate Accumulation After Bitcoin Drops Under $90K, Analysts Say

BitcoinWorld Stunning Bitcoin Withdrawal: $120M Moves from BitGo in Massive Transaction In a stunning development that’s shaking the cryptocurrency world, a mysterious new address has executed one of the largest Bitcoin withdrawals we’ve seen this year. The massive Bitcoin withdrawal from BitGo involves 1,300 BTC valued at approximately $120 million, all moving within just six hours. This enormous transaction has cryptocurrency analysts and investors buzzing with […] This post Stunning Bitcoin Withdrawal: $120M Moves from BitGo in Massive Transaction first appeared on BitcoinWorld.

The post Latin America’s Crypto Adoption Breakthrough: 116% Growth in 2024 and 57 Million Users Fueled by Regulation appeared on BitcoinEthereumNews.com. According to a Bitso-compiled dataset and corroborating Coinchange Regulatory Report, Latin America is entering a notable year for cryptocurrency adoption, with 2024 showing a 116% growth and the first half of 2025 adding another 65% surge, lifting regional users beyond 57 million. The momentum reflects a shift toward institutional-grade activity and a more resilient market structure as digital assets gain mainstream traction. A steadier regulatory environment, coupled with market maturation and targeted policy steps in major markets, has underpinned this expansion. Regional leaders cite reforms such as Brazil’s 2022 Law No. 14,478 establishing a crypto framework, the 2023 FinTech Law in Chile, and Mexico’s 2018 FinTech Law as foundational pillars that enable safer access to digital assets. Industry observers argue that Latin America is increasingly poised to become a strategic hub for global financial innovation and digital asset solutions, with Bitso’s ongoing regulatory dialogue viewed as critical to balancing innovation with consumer protection in the evolving crypto landscape. Source: https://en.coinotag.com/breakingnews/latin-americas-crypto-adoption-breakthrough-116-growth-in-2024-and-57-million-users-fueled-by-regulation

XRP’s price action continues to follow a clear corrective structure, setting the stage for a potential drop toward the key $2.03 support level. With momentum cooling and Wave 2 behavior unfolding as expected, the market may be preparing for one final dip before the uprend shift emerges. Wave 2 Dynamics: Why XRP’s Choppy Pullback Is Completely Normal CasiTrades, a well-followed crypto analyst, noted in a recent market update that XRP still appears to be navigating its way toward the macro 0.5 Fibonacci retracement level at $2.03. According to the analyst, the current price action aligns perfectly with the expected behavior of a Wave 2 correction-slow, choppy, and far from a straight drop.  Related Reading: XRP Price Battles Breakout Resistance With Momentum Showing Mixed Signals In the breakdown, CasiTrades highlighted that the only factor capable of invalidating a retest of the $2.03 zone would be a clean and decisive breakout above the macro 0.382 Fibonacci resistance at $2.41. That point continues to serve as XRP’s defining threshold. As long as the price trades below $2.41, the chart structure strongly favors a continued downward drift, with a final tap of the 0.5 retracement level. She also pointed to a deeper macro target at $1.65, which aligns with the 0.618 Fibonacci level, another common landing point for Wave 2 pullbacks. The analyst explained that the longer XRP stalls beneath key resistance zones, the more likely it becomes that the price may need to dip to this lower support to build enough strength for a true reversal. CasiTrades stressed that a move to $1.65 would not signal weakness. Instead, such a drop could provide the ideal springboard for a powerful macro Wave 3 into new all-time highs.  Smart Money Zones: Why Accumulation Happens Before The Breakout According to CasiTrades, now is not the moment to complain about XRP’s price behavior—this is the phase where informed accumulation takes place, at the key Fibonacci levels, not the breakout stage. The market has been in a prolonged range for months, and each interaction with $2.41 (.382), $2.03 (.5), and $1.65 (.618) presents another strategic opportunity to build positions ahead of the next major cycle. Related Reading: XRP Price Aims for Another Bullish Wave — Momentum Strengthening CasiTrades emphasizes that the broader market is already showing early signs of shifting momentum. Several micro-cap tokens have begun to post explosive moves, which is rarely random. These early breakouts signal that the market is preparing for its next significant trend phase. In this context, XRP is not lagging; it is simply completing its corrective structure before aligning with the wider market’s momentum. The analyst emphasizes that patience and discipline are essential at this time. Featured image from Adobe Stock, chart from Tradingview.com