An Ethereum whale known as "7 Siblings" made headlines by acquiring 50,429 ETH worth $126 million amid the recent crypto market crash. On-chain analytics platform Lookonchain reported that the whale initially purchased 45,047 ETH for $111.72 million, followed by another 5,382 ETH for $14.5 million. The average purchase price was $2,480 per ETH.
This move suggests confidence in an Ethereum price recovery, even as the crypto market today struggles with volatility. Traders are watching closely to see if this signals a bullish reversal or a temporary dip.
Financial expert Robert Kiyosaki warns of an impending market crash impacting stocks, bonds, real estate, and Bitcoin. He predicts millions will lose their jobs, but believes it’s the best time to build wealth.
Instead of panicking, Kiyosaki urges investors to stay calm and act strategically amid the crypto market downturn. His statements have ignited heated discussions among traders and analysts regarding the future of crypto investments.
Utah is set to become the first U.S. state to establish a strategic Bitcoin reserve, per Satoshi Act Fund CEO Dennis Porter. While 11 states have introduced similar legislation, Utah’s 45-day legislative cycle gives it an edge.
With strong political momentum and rapid decision-making, Utah is poised to lead in state-level Bitcoin adoption, setting a precedent for other regions.
New tariffs from President Trump on Canada, China, and Mexico are increasing cryptocurrency mining costs in the U.S.. The U.S. mining industry relies heavily on foreign suppliers like Bitmain and Taiwan Semiconductor for ASIC miners and GPUs.
Canada retaliated with a 25% levy on U.S. goods, affecting its 7% global Bitcoin hash rate, while Mexico, projected to have a $99.9 million mining market by 2030, imposed similar tariffs. These trade tensions are squeezing mining profitability, adding pressure to the already struggling crypto market today.
U.S. spot Bitcoin ETFs saw a 68% decline in weekly inflows, falling to $559.84 million from $1.76 billion, per SoSoValue data.
This drop was driven by:
The Federal Reserve’s interest rate decision, causing investor caution.
Deepseek AI’s emergence, a Chinese AI platform seen as a low-cost ChatGPT rival, triggered $457.48 million in ETF outflows and nearly $1 billion in crypto liquidations.
Multiple factors contribute to the crypto market crash today, including macro-economic concerns, regulatory challenges, and geopolitical tensions. While whales like "7 Siblings" remain bullish, many investors are taking a cautious approach.
As crypto market volatility continues, staying informed, managing risks, and finding strategic opportunities remain key for investors navigating these turbulent times.
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Sara Sethiya is an experienced crypto journalist with five years of experience in blockchain research, price movements, and market analysis. With a background in mass communication and journalism, she specializes in data-driven news articles, in-depth market reports, and SEO-optimized content. As a team lead and content writer at CoinGabbar, she examines on-chain metrics, evaluates liquidity trends, and analyzes tokenomics to uncover market patterns. Her analytical approach helps traders and investors interpret market shifts, identify potential opportunities, and understand the broader impact of blockchain innovations on the financial ecosystem.
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