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Here’s How Much 1 Dogecoin Would Be Worth If DOGE Reaches Ethereum Market Cap

Abdulkarim Abdulwahab
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Here’s How Much 1 Dogecoin Would Be Worth If DOGE Reaches Ethereum Market Cap

The price of Dogecoin would ultimately surpass the $1 threshold should it soar to attain Ethereum’s current market cap.

In recent times, Dogecoin has lost the bullish momentum that attracted a lot of interest in the last quarter of 2024. With its price dipping by over 25% in the last four weeks and falling below $0.20, its yearly gain is now just 11%.

Nevertheless, many still have high hopes for Dogecoin’s performance this year. Analysts suggest that Dogecoin could reach an unprecedented $100 billion market cap during this cycle.

Amid this optimism, The Crypto Basic analyzes the potential worth of DOGE should its valuation rise to the size of Ethereum’s.

Dogecoin Price with Ethereum Market Cap

As of today, Dogecoin has a market cap of $30 billion, commanding more than 50% of the total share of the memecoin market. Notably, with this cap, Dogecoin’s price is just around $0.21.

Meanwhile, Ethereum, the altcoin king, has a much higher valuation at $262 billion, with a unit ETH price of $2,270.

Accordingly, there’s a gap of over $230 billion between Ethereum and Dogecoin. However, given Dogecoin’s historically explosive price movements, many believe it could close the gap faster than many would expect.

For Dogecoin to reach Ethereum’s $262 billion market cap, its current valuation must expand by nearly 9x. Specifically, the market cap of Dogecoin must soar by 773% to reach $262 billion.

Notably, DOGE has a current circulating supply of 148.29 billion tokens. Accordingly, its unit price in this scenario would be $1.746.

The $1 mark has been a long-standing aspiration for Dogecoin enthusiasts since the last bull season. However, many believe this will be the cycle where Dogecoin finally surpasses $1.

Despite this, with the ongoing trend of lower lows, the journey to $1 remains increasingly formidable for DOGE. This brings us to the question of how long it will take for Dogecoin to reach $1.746.

Timeline for DOGE to Hit $1.746

Market commentators at Telegaon, a prediction platform, suggest that Dogecoin could reach $1.72 this year, but that would likely be its maximum price. Meanwhile, by 2026, they expect $1.73 to be the minimum.

On the other hand, analysts at Changelly suggest that the earliest time for Dogecoin to approach the $1 mark is by 2029.

Tron (TRX) Consolidation Nears Bullish Exit: Is $0.30 Next?

Albert Brown
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Tron (TRX) Consolidation Nears Bullish Exit: Is $0.30 Next?

Tron (TRX) price analysis suggests the possibility of a range breakout rally. Is a price jump to $0.30 on the horizon?

With the crypto market witnessing the next potential bullish recovery, Tron has increased by 1.5% over the past 24 hours. Known for being one of the less volatile coins in recent days, Tron continues to maintain a strong sideways consolidation.

Currently, it is trading at $0.2465 with an intraday recovery of 0.83% as it tests the overhead ceiling. Will a breakout rally in TRX lead to a new swing high? Let’s find out.

Tron Price Analysis Hints Range Breakout Rally

On the daily price chart, TRX’s price action shows a consolidation range, with the overhead ceiling at the 23.60% Fibonacci level, priced at $0.2569.

BITFINEX:TRXUSD Chart Image by Trojan69420

On the other hand, Tron continues to find support at $0.2178. After multiple lower price rejections, the TRX price is now challenging the intermediate resistance at $0.2489.

Having maintained a sideways shift since mid-January, Tron has withstood the massive fluctuations in the crypto market. This indicates stability in the altcoin, which increases the chances of a bullish recovery as the market stabilizes.

Currently, the consolidation range has trapped trend momentum, and a breakout on either side could result in a high-momentum move. The daily RSI has resurfaced above the halfway mark, signaling a boost in trend momentum.

Additionally, the bullish crossover in the MACD and signal lines suggests a potential breakout. Therefore, technical indicators are pointing to strong bullish potential.

Analyst Signals Parallel Channel Breakout Rally 

Supporting the possibility of a breakout to a bull run in Tron, crypto analyst Ali Martinez highlights key support at $0.17. According to the analyst, as long as bulls maintain control at this crucial level, they will dictate the overall trend.

Martinez also points to a consolidation range within a parallel channel. A bullish breakout above $0.26 could set the stage for the next bull run.

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Key Price Targets

Based on Fibonacci levels, a bullish breakout above the 23.60% Fibonacci level at $0.2569 will likely test the 38.20% level at $0.2845.

Optimistically, the 50% Fibonacci level at the $0.30 psychological mark could be a key price target. On the downside, crucial support remains at $0.2178.

Ethereum User Pays $129,000 in Fees for a Single Transfer

Albert Brown
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Ethereum User Pays $129,000 in Fees for a Single Transfer

A recent Ethereum transaction caught widespread attention after a user paid 58.76 ETH, valued at $129,139, as a fee to transfer 285.85 WETH. 

This unusually high fee, which occurred on March 4, has sparked discussions within the community about Ethereum’s transaction costs. Many users expressed frustration with the network, particularly in light of fluctuating gas fees, which had recently hit a five-year low before seeing an increase.

High Fee Sparks Community Reactions

Users on social media reacted strongly to the high transaction fee, questioning Ethereum’s efficiency and cost structure. Some users cited the network’s slow transaction speeds and high costs as major drawbacks, arguing that security alone is insufficient if fees remain unpredictable. 

Meanwhile, the fee anomaly occurred just as Ethereum gas fees dropped to their lowest level in five years. The average transaction fee is currently at an average of 0.642 gwei. This significant decline followed years of fluctuating costs, with gas fees peaking at 709.7 gwei, or approximately $196 per transaction, in 2020 due to increased DeFi activity and NFT adoption.

Ethereum’s Fee Trends Show Volatility

A historical analysis of Ethereum’s total fees suggests fluctuating costs over time. According to IntoTheBlock data, the seven-day change in total fees remained positive at +2.11%, indicating a recent increase. 

Ethereum's Total Fees
Ethereum’s Total Fees

However, the 30-day and 90-day changes stood at -54.91% and -88.86%, respectively, signaling a longer-term decline in fees.

Ethereum’s gas fees have long been a subject of comparison, especially against Solana, which offers lower transaction costs and higher throughput. While Ethereum’s fee reduction was notable, recent data suggests shifts in transaction costs across different blockchains.

Solana’s Fees and Market Comparison

Solana’s network activity has continued to rise, influencing its transaction fee structure. In February, on-chain data from Glassnode showed that Solana’s seven-day average transaction fees had consistently outpaced Ethereum’s since January 9, 2025. 

Although Solana’s fee dominance weakened in February, the weekly difference remained above $3 million.

Ethereum Crosses $2,300: Bulls Gear Up for $2,500 Breakout

Albert Brown
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Ethereum Crosses $2,300: Bulls Gear Up for $2,500 Breakout

Ethereum surpasses $2,300 and targets a $2,500 breakout as WLFI acquires $10M worth of ETH. Will this recovery drive ETH back to $3,000?

Ethereum is back above $2,300 with a 6% jump in the past 24 hours as Bitcoin surpasses the $92,000 mark. With the gradual recovery in the crypto market sentiment, altcoins are gradually gaining momentum. 

The total crypto market cap excluding Bitcoin has reached $1.14 trillion, marking a near 2% intraday recovery. Currently, ETH registers an intraday recovery of 3.42% and teases a retest of the $2,500 psychological mark. 

Ethereum Eyes $2,500 as Next Price Target

On the daily chart, Ethereum shows a bullish comeback after hitting a 7-day low of $1,996. Nevertheless, based on the daily closing prices, Ethereum has maintained dominance above the $2,150 mark.

Ethereum Price Chart
Ethereum Price Chart

With a morning star pattern, Ethereum marks its third consecutive positive day, showing a recovery of nearly 8%. Currently, ETH is trading at $2,315 and continues its struggle to overshadow the bearish engulfing candle formed on Monday, March 3.

The bearish engulfing candle accounted for a 15% pullback in Ethereum, undermining the peak and recovery. As Ethereum’s gradual recovery gains momentum, the MACD and signal lines are hinting at a potential bullish crossover.

Furthermore, the daily RSI line is revealing bullish divergences compared to the previous bottom, increasing the likelihood of Ethereum springing back into bullish action.

Grayscale Ethereum Trust Offloads $63.32M 

Amid the improving broader market stability, institutional support for Ethereum remains volatile. After a $14.58 million inflow on March 4, outflows in Ethereum ETFs have resumed.

On March 5, the total daily net outflow stood at $63.32 million. While the rest of U.S. Ethereum spot ETFs maintain a net-zero flow, Grayscale remains the only outflow ETF in the market yesterday.

Ethereum ETFs
Ethereum ETFs

Donald Trump’s WLFI Now Holds Ethereum Worth $54M 

Donald Trump’s World Liberty Financial continues to acquire more Ethereum. The firm has recently purchased a total of a new batch of 4,468.39 ETH tokens worth $10 million. The average buying price came at $2,238.

Based on the data from SpotOnChain, World Liberty Financial holds 23.53k ETH worth $54.49 million. Apart from Ethereum, the institution also holds WBTC, multiple DeFi tokens and meme coins, highlighting its support for crypto. 

Analyst Suggests Potential Short-Squeeze 

As the recovery gains momentum, Ted Pillow, a crypto analyst, highlights two major gaps to fill for Ethereum. The CME gaps in Ethereum are present at $2.6k and the psychological mark of $3k. 

Historically, since Q1 2024, the Ethereum price trend has filled multiple CME gaps. Hence, the possibility of a new bullish recovery to surpass the overhead CME gaps is significantly higher. 

This gap-filling could trigger a massive short squeeze in the market, as stability and sentiment continue to improve.

Key Ethereum Price Targets

Based on Fibonacci levels, the immediate resistance for Ethereum is at the 23.60% level near the $2,500 mark. A bullish breakout above this level would likely test the $2,750 mark, close to the 38.20% Fibonacci level.

On the downside, the crucial support levels remain at $2,150, followed by the $2,000 psychological mark.

Data Shows XRP Has Outperformed ETH, SOL, Dogecoin and AVAX by at Least 200% Since November 2024

Sam Wisdom Raphael
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Data Shows XRP Has Outperformed ETH, SOL, Dogecoin and AVAX by at Least 200% Since November 2024

Market data indicates that XRP has outperformed nearly every top mainstream crypto asset by at least 200% since November 2024. 

Notably, the crypto market has continued to face intense turbulence since February 2025, and XRP is one of the victims of this market downturn. The asset has continued to struggle at the $2 price region after collapsing below $3 on Feb. 1. 

Despite occasional recoveries along the line, the overall momentum has been one of bearish consolidation. Despite this, market analyst Dom (@traderview2) confirmed that XRP has been an outstanding performer in recent times. In his latest commentary, he shared multiple charts indicating that XRP has outperformed the market since November 2024.

For context, following the U.S. presidential election last November, which saw President Donald Trump emerge victorious, the crypto market entered a massively bullish phase. Nonetheless, it seems XRP outperformed nearly every top crypto asset during this phase.

XRP Outperforms Ethereum, Solana, Dogecoin and Avalanche 

For instance, Dom shared the XRPETH chart, which shows XRP traded at a price of 0.00017 Ethereum in early November 2024, witnessing gradual declines that had persisted since September. However, the XRPETH pair now trades for 0.0011, marking an impressive 532% increase since November 2024.

XRP Against Ethereum
XRP Against Ethereum

Interestingly, XRP’s performance is even more impressive when compared with Solana (SOL), which currently struggles below $150. Notably, as of November 2024, the XRPSOL pair changed hands at 0.002613. However, this pair has since increased to 0.0171, indicating that XRP has outperformed SOL by 554% since last November.

XRP Against Solana
XRP Against Solana

Meanwhile, Dogecoin has also performed below par compared to XRP over the past four months, with XRP witnessing one of its largest appreciations against the meme coin. With the XRPDOGE pair now trading for $12.1 at press time, this represents a massive 748% increase in the last four months.

XRP Against Dogecoin
XRP Against Dogecoin

XRP has also posted an impressive performance against Avalanche (AVAX) within this timeframe. Particularly, the XRPAVAX pair changed hands around the 0.016 range as of November 2024. Now, XRP currently trades for 0.1151 AVAX, having increased 607% since November 2024.

XRP Against Avalanche
XRP Against Avalanche

XRP Outperforms Altcoin Market

Overall, XRP has actually outperformed the rest of the altcoin market in this period. Notably, the XRP/TOTAL2 pair, which tracks XRP’s performance against the altcoin market, has spiked 333% over the past four months. 

XRP Against Altcoin Market
XRP Against Altcoin Market

Despite this impressive showing XRP has demonstrated against the rest of the market, the recent pullback has dampened market sentiment. According to Dom, a lot of people appear to have forgotten this massive outperformance demonstrated by XRP.

Currently, XRP changes hands at $2.58, looking to reclaim the $2.6 level and flip it to support for a run toward greater heights. Notably, several analysts believe the recent price run is minor compared to what the asset could witness later, with some projecting rallies to $27. 

Top Analyst Says a $6.24 Price Remains a Possibility for Dogecoin

Abdulkarim Abdulwahab
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Top Analyst Says a $6.24 Price Remains a Possibility for Dogecoin

Market watcher Ali Martinez has boldly asserted that a 2,871% increase for Dogecoin remains a possibility this season.

He expressed this sentiment in a new analysis on Wednesday. The analyst first highlighted that Dogecoin (DOGE) continues to trade within a long-term ascending parallel channel. This suggests the meme coin market leader maintains a bullish structure despite recent volatility.

Notably, DOGE is currently trading at $0.2100, up 5% today but down 20% over the past 30 days. The recent gain has erased all losses recorded in the last week.

Meanwhile, the meme coin is hovering near a major support level that could dictate its next big move, according to Martinez.

Dogecoin Journey to Higher Levels

In his tweet, Martinez stressed that DOGE’s lower boundary support at $0.16 remains a key level to watch. He noted that if the bulls maintain a strong defense of this level, it could trigger a rebound toward $2.74, which is the mid-channel target.

Notably, this price target also takes inspiration from Fibonacci levels on the DOGE weekly chart, specifically coinciding with the 1.272 extension.

At the time of the analysis, Dogecoin was trading at $0.203, nursing a massive 24-hour loss of 15%. However, at press time, Dogecoin bulls are dominating the market trend.

That said, in Dogecoin’s journey to $2.74, it must overcome more immediate resistance at $0.56958, which aligns with the 1.00 Fibonacci level.

Dogecoin needs a rally of 171% to break this resistance and a more formidable 1,205% run to reach $2.74. Martinez argued that if momentum builds further, DOGE could extend gains toward the upper boundary of $6.24. This level aligns with the 1.414 Fibonacci level.

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Dogecoin weekly chart by Ali Martinez

For context, from its current price, reaching $6.24 would require Dogecoin’s price to soar by 2,871%. In this hypothetical scenario, its market cap would be $925 billion, compared to current levels of $31 billion.

DOGE Capability to Reach These Levels

Notably, in the last cycle, Dogecoin’s price surged to $0.7376 amid a highly sensational rally fueled by Elon Musk’s endorsement. However, in the current season, Dogecoin has been struggling with occasional rallies, only to later lose all its accrued gains.

Yet, the performance has not deterred commentators from making wild price predictions for Dogecoin. While Martinez argues for $6.24 in his latest commentary, he has predicted much higher prices beyond the $10 range in previous assessments.

Meanwhile, commenting on Martinez’s latest projection, a community member pointed out that while the outlook appears promising, the biggest issue with Dogecoin lies in its lack of practical utility and unlimited supply, which leads to inflation. The commenter lamented that DOGE heavily relies on hype and faces technological limitations.

Argentine Prosecutors Seek to Freeze Over $100M in Crypto Raised from LIBRA Token Controversy

Lele Jima
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Argentine Prosecutors Seek to Freeze Over $100M in Crypto Raised from LIBRA Token Controversy

Argentine prosecutors request the freezing of digital assets worth over $100 million raised through the collapsed meme coin project Libra. 

Local media outlet Clarin reported that the lead prosecutor, Eduardo Taiano, has initiated the next phase of his investigation into LIBRA, which allegedly generated $110 million in profit for Argentina’s President Javier Milei and other businessmen.

In the new investigation phase, Taiano seeks to freeze illicit gains generated through the LIBRA controversy. Specifically, the prosecutor asked foreign crypto exchanges and law enforcement agents to cooperate in tracking and freezing the assets. 

Investors Left in Ruins After LIBRA Collapse 

For context, LIBRA left many investors in ruins after it plunged tremendously from its peak valuation of $4.5 billion. The token spiked to this peak shortly after Milei promoted the token on social media last month. In a now-deleted post, Milei claimed the meme coin would boost Argentina’s economy by funding small businesses and startups. 

Expectedly, the post attracted investors’ attention to the token, driving its valuation to $4.5 billion. However, the surge was short-lived, as LIBRA’s value plummeted almost immediately, leaving many in losses. 

However, some early investors cashed out before the plunge. Hayden Davis, CEO of investment company Kelsier, admitted he made $100 million from the project. 

Prosecutors Move to Preserve Digital Evidence  

In the meantime, the lead prosecutor is interested in preserving digital evidence linked to the LIBRA project. Taiano requested the recovery of deleted social media posts promoting LIBRA and the token’s blockchain record since its launch. 

This initiative aims to identify the beneficiaries of LIBRA’s collapse and their associated blockchain wallets. Taiano wants the funds held in the identified wallets frozen. 

Notably, prosecutors have identified some of the associated wallets, with one of them moving $4.5 million to a new address.  

The lead prosecutor is also seeking a warrant to obtain LIBRA-related information from offshore exchanges and financial entities to identify potential money laundering activities. 

Furthermore, prosecutors are compiling a list of witnesses to testify against the main defendants. This stage of the investigation will also evaluate LIBRA’s regulatory oversight to assess any irregularities with Argentina’s crypto regulation. 

In the meantime, LIBRA is trading at $0.11 per token and has a market cap of $28.3 million. 

Canary Files S-1 Form with SEC to Launch Axelar ETF

Elendu Benedict
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Canary Files S-1 Form with SEC to Launch Axelar ETF

Asset manager Canary Capital is seeking regulatory nod to launch the first Axelar exchange-traded fund (ETF) after recently launching a trust.

The native token of Axelar, a prominent interoperability blockchain, has become the latest altcoin to gain institutional traction. Particularly, Canary Capital has shown interest in the project and its expanding utility in the crypto space.

The Crypto Basic reported that Canary launched an Axelar Trust last month, providing a new means of gaining exposure to AXL, the project’s native token. Yesterday, the asset manager filed an S-1 form with the US Securities and Exchange Commission (SEC) to debut an Axelar ETF.

Axelar ETF Joins Waiting List

The March 5 application seeks the approval of the securities watchdog to launch a spot Axelar ETF that tracks the performance of AXL. The institution-grade investment tool would provide alternative exposure to Axelar, coining its net asset value (NAV) in reference to the token.

Axelar is a decentralized network widely known for its outstanding cross-bridging proficiencies. The project offers interoperability solutions to over 80 chains in the blockchain industry, including XRP Ledger, Hedera, Solana, and Stellar.

Last year, the network collaborated with Ripple to act as a bridging mechanism between the XRP Ledger and the XRPL Ethereum Virtual Machine (EVM) sidechain. Axelar is also working closely with the payment giant to expand the interoperability of its newly launched Ripple-USD (RLUSD).

Meanwhile, Canary did not specify the exchange that would list and trade the Canary Axelar ETF or mention its cash and crypto custodians. Notably, this is the first step in the process, suggesting there is still room for amendments.

AXL Surges 13% Following Filing

The Thursday announcement contributed to an impressive outing for AXL yesterday. The asset rallied over 13% following the filing, reaching an intraday high of $0.4688.

However, the asset has retraced slightly to trade at $0.4420 at the time of writing. Following the price outburst, its market cap also crossed $400 million, moving to the 131st spot in the crypto rankings.

Meanwhile, the filing correlated with Axelar’s announcement of appointing former Coinbase chief legal officer Brain Brooks to its newly formed Institutional Advisory Board.

Cardano Founder on Trump’s Crypto Summit: “I Have Not Been Invited”

Okoya David
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Cardano Founder on Trump’s Crypto Summit: “I Have Not Been Invited”

Cardano founder Charles Hoskinson has not been invited to the White House crypto summit.

This week, all eyes in the crypto scene have been on President Donald Trump’s announced first-ever White House crypto summit slated for Friday, March 7, with the big question being who has been invited. It is the latest instance highlighting the president’s growing grip on the crypto industry, with his acknowledgement increasingly seen as a seal of approval.

Over the weekend, he had sent the market into a frenzy with mentions of projects he believed should be included in a proposed national crypto reserve.

But anyone who had thought that a mention by the president over the weekend guaranteed representation at Friday’s roundtable may be in for a rude awakening.

Cardano Not Invited 

Despite Trump mentioning Cardano‘s native token ADA for inclusion in the proposed national crypto reserve, Cardano founder Charles Hoskinson has not been invited to the White House crypto summit.

“I have not been invited to go to this gathering,” Hoskinson, who claimed to have been in touch with White House officials this week, told followers in a live stream on Thursday, March 6.

“We were told that there’d be a list that comes out on Monday. We did not get an invitation on Monday, we did not get an invitation on Tuesday. We did not get an invitation today, on Wednesday. So, I’m going to operate under the assumption I have not been invited to go to this gathering,” he said.

But Cardano may not be the only major crypto project that has been snubbed.

Despite a list making the rounds online, the only confirmed attendees to the summit at this time are Strategy Chairman Michael Saylor, Robinhood CEO Vlad Tenev, Coinbase CEO Brian Armstrong, Kraken CEO Arjun Sethi, Bitcoin Magazine CEO David Bailey, Exodus CEO J.P. Richardson, Paradigm co-founder Matt Huang, Multicoin Capital co-founder Kyle Samani, Chainlink founder Sergey Nazarov, and Zach Witkoff, the co-founder of Trump’s family crypto project World Liberty Financial.

Cardano Still Involved in Shaping Policy?

During Thursday’s live stream, Cardano’s Hoskinson painstakingly tried to downplay the importance of the White House summit while stressing that the actual crypto policy work lay with the legislative arm.

On this front, he suggested that Cardano was fully involved, citing frequent meetings with lawmakers without offering specific names. 

“I had travel plans to go to Japan, supposed to get on a plane here in a little bit, and I will be Friday, the seventh in Japan. I’m going to operate on the assumption that I’m not going to this event, especially after this video, and that’s okay. I’m always available for a phone call, and I’m always available for email and my very strong opinions about things, where they should go, what they should do, how they should do things. And I’ll express those opinions to those who ask me,” Hoskinson asserted as he wrapped up the stream.

Bitcoin at $92k Eyes Triangle Breakout Rally: Is $106k Next?

Albert Brown
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Bitcoin at $92k Eyes Triangle Breakout Rally: Is $106k Next?

Bitcoin has surged to $92k and is approaching a potential breakout rally, raising anticipation of a new all-time high. Will this rally surpass the critical $106k supply zone?

Bitcoin continues its recovery rally with a 6% surge in the past 24 hours, driving the overall crypto market. This recovery has pushed the total crypto market cap back to $3 trillion.

Currently, Bitcoin trades at a price of $92,358, with a market cap of $1.831 trillion. Will this short-term recovery drive Bitcoin to the $100k mark? Let’s find out.

Bitcoin Teases Triangle Breakout Rally 

In the daily chart, the BTC price action makes its third consecutive bullish candle after the 8% crash on March 3. This marks a sharp lower price rejection rally in Bitcoin from a support trendline. 

Bitcoin Price Chart
Bitcoin Price Chart

Furthermore, the completion of a Morning Star pattern at the 200-day EMA line increases the possibility of a breakout above the resistance trendline. Bitcoin’s price has also breached the 78.60% Fibonacci level at $91,780.

With Bitcoin’s sudden recovery amid increased market volatility, the Chaikin Money Flow Index has maintained a positive stance since last weekend. Additionally, the Directional Movement Index suggests a potential crossover in the VI lines.

This positive crossover could signal the start of an uptrend for Bitcoin, with a potential triangle breakout rally on the horizon.

BlackRock’s IBIT Marks First Inflow in Eight Days

Despite the massive recovery in Bitcoin prices, institutional support remains weak. On March 5, the daily net outflow for U.S.-spot Bitcoin ETFs stood at $22.10 million.

Surprisingly, BlackRock saw an inflow of $38.93 million, marking its first inflow after seven consecutive days of outflows.

Bitcoins ETFs
Bitcoins ETFs

Invesco and Bitwise recorded outflows, while the other ETFs maintained a net-zero flow. Invesco had the largest outflow, with $9.9 million worth of Bitcoin, followed by Bitwise at $6.9 million.

World Liberty Financial Now Holds $23.61M in Wrapped Bitcoin

With the positive rally in Bitcoin prices, Donald Trump’s World Liberty Financial has made a significant purchase in the crypto market. Within the past 12 hours, WLFI has purchased $21.5 million worth of crypto. 

The firm acquired 4,468.39 ETH for $10 million at $2,238 each. Additionally, WLFI purchased 110.6 WBTC for $10 million at $90,415. Their final purchase included a MOVE token for $1.5 million at a market price of $0.438.

According to SpotOnChain, WBTC is now holding 23.53K ETH worth $54.36 million. The second-largest holding is WBTC, worth $23.61 million. The firm also holds liquidity in the form of USDT worth $12.91 million.

Will Bitcoin Price Hit New All-Time High?

With Bitcoin’s three-day bullish streak, the chances of a breakout rally are growing significantly. Based on the Fibonacci levels, the triangle breakout rally is likely to challenge the $106,000 supply zone, which acted as the ceiling during previous consolidation.

Beyond that, the Fibonacci levels suggest an optimistic target of $127,800 as the next potential all-time high. On the flip side, the crucial support for Bitcoin remains the support trendline near $84,000.

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