Altcoins are flashing fresh bullish signals as momentum returns to the broader crypto market. Leading the charge is Ethereum, which has surged above the $3,450 level, marking its highest price since mid-January. The breakout signals growing confidence among bulls and is sparking renewed interest across the altcoin sector. Related Reading: Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume Turns Positive Many altcoins have posted impressive gains in recent days, bouncing sharply from their April lows. The recovery is not just isolated to top names like ETH and SOL; mid- and small-cap tokens are also showing signs of strength, supported by increasing volume and improved market structure. A key technical development is adding weight to the bullish case: the altcoin market has once again pushed above a key daily moving average. This historically significant level often marks the transition from downtrends to sustained uptrends. Altcoins Reclaim 200-Day Moving Average Altcoins are showing renewed strength, and according to top analyst On-Chain Mind, the technical landscape is beginning to shift in their favor. In a recent chart shared on X, he highlighted that the altcoin market has once again broken above its 200-day moving average, a level that historically separates bearish phases from sustained uptrends. However, On-Chain Mind cautioned that this development has occurred multiple times during this market cycle, often followed by weeks of sideways chop and volatility rather than immediate upside. Still, this time may be different. With Ethereum rallying above $3,400—its highest level since mid-January—and Bitcoin consolidating above key support zones, conditions appear more favorable for a broader altcoin breakout. What makes this moment particularly important is the price structure across many altcoins, which has turned decisively bullish after months—and in some cases, years—of deep consolidation. Tokens across sectors such as DeFi, Layer 1s, and infrastructure are forming higher lows and showing clean breakouts on higher timeframes, indicating growing demand and fresh capital rotation. Related Reading: SharpLink Gaming Buys Another $19.5M In Ethereum: Institutional Accumulation Continues Altcoin Market Cap Breaks Out Past $1.4 Trillion The Total Crypto Market Cap excluding Bitcoin (TOTAL2) has rallied to $1.42 trillion, posting a +9.68% weekly gain and reaching its highest level since March 2025. This powerful move confirms a breakout above the 50-week, 100-week, and 200-week moving averages, signaling broad-based strength across the altcoin market. One key technical milestone is the bullish crossover of the 50-week SMA above the 100-week SMA. Meanwhile, the 200-week SMA—now positioned near $880 billion—has acted as strong support during previous corrections and continues to provide a solid foundation for the current uptrend. Related Reading: Bitcoin Bears Strike Back After ATH: Long/Short Ratio Flips Negative Ethereum’s breakout above $3,450 has been a key driver, supported by renewed retail activity and bullish sentiment. If TOTAL2 holds above $1.4 trillion, the next resistance target is the $1.6 trillion level, last tested earlier this year. A sustained move toward that range could confirm the beginning of a long-awaited altseason. Featured image from Dall-E, chart from TradingView Source: newsbtc.com (Read Full Article)

A rumor is rapidly spreading among crypto investors that the US government may have quietly sold off nearly 170,000 BTC, leaving a fraction of its assumed holdings intact. The speculation began after the US Marshals Service, in response to a FOIA request, revealed that it currently holds only 28,988 BTC valued at approximately $3.4 billion.  Many crypto investors took this disclosure to mean that the federal government’s total Bitcoin reserves had declined from the long-assumed figure of around 200,000 BTC. The claim was amplified across the social media platform X, where even some public figures reacted to what appears to be a massive strategic sell-off by the US government. FOIA Request Misinterpreted The confusion of the US government selling the majority of its Bitcoin holdings appears to stem from misinterpretations of the specific holdings of the US Marshals Service with those of the entire federal government. The FOIA request that sparked the debate was submitted by journalist L0la L33tz, and it accurately reflects that the Marshals control just under 29,000 BTC. However, this only accounts for the Bitcoin under the custody of that particular agency. Related Reading: This Analyst Predicted Bitcoin’s Rally To $120,000 Months Ago, Here’s The Rest Of The Forecast On-chain data from blockchain analytics firm Arkham Intelligence provides a very different picture. According to Arkham, the US government as a whole still holds approximately 198,000 BTC, worth over $23.46 billion at the current price of Bitcoin. These coins are distributed across various federal agencies and are not limited to the Marshals’ holdings. Nevertheless, the misrepresentation took hold quickly.  Even US Senator Cynthia Lummis, who is a well-known advocate of Bitcoin, responded to the rumor, saying, “I’m alarmed by reports that the U.S. has sold off over 80% of its Bitcoin reserves, leaving just ~29,000 coins. If true, this is a total strategic blunder and sets the United States back years in the bitcoin race.” What If the US Quietly Sold 170,000 BTC? The repercussions on the broader crypto market would be immense if the US government had indeed sold off 170,000 BTC in secret. A sale of that scale would unleash massive selling pressure and cause a strong drop in the price of Bitcoin. This would erode confidence among investors in the wider crypto market and set off a chain reaction of liquidations across other cryptocurrencies. Such a move would not only cause technical breakdowns in price structure but also cancel out the possibility of governments around the world holding crypto as a form of strategic reserve. Related Reading: Bitcoin Dominance Just Got Rejected From TSDT Resistance That Triggered Last Altcoin Season — Details Moreover, such a dump would directly contradict the federal policy direction set earlier this year. In March, President Donald Trump signed an executive order instructing all federal agencies to transfer their Bitcoin and digital asset holdings to the US Treasury. The order formalized the creation of a Bitcoin reserve, which was meant to recognize the cryptocurrency as a national asset. In light of that policy, the notion that the US would quietly sell off the majority of its Bitcoin holdings seems highly improbable under the current Trump administration. At the time of writing, Bitcoin is trading at $118,360. Featured image from Pixabay, chart from Tradingview.com Source: newsbtc.com (Read Full Article)

After reaching a record high of $123,200, Bitcoin is now consolidating around the $118,000 level. Market participants remain on alert as top analyst Darkfost reported a major development involving one of the oldest and most closely watched wallets in crypto history. According to the analyst, the remaining 40,000 BTC—valued at approximately $4.75 billion—still held by the 80K Satoshi-era whale have all moved. Related Reading: Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume Turns Positive The shift began last night, signaling renewed activity from the early Bitcoin holder. Until now, only half of the whale’s holdings had been moved, while the rest remained dormant. This latest transfer marks the full mobilization of the entire 80,000 BTC once controlled by the entity. While the motive behind the move remains unknown, the market is watching closely for signs of potential selling or redistribution. Bitcoin’s ability to hold above key support levels despite this high-stakes movement may reflect strong demand and investor confidence. However, with $4.75 billion now in motion, traders are bracing for possible volatility ahead. The market is waiting to see if this event will trigger broader implications—or if it’s simply a strategic reshuffling from one of the ecosystem’s earliest whales. Satoshi-Era BTC Consolidates Into Single Address Darkfost highlighted a major on-chain development that has captured the market’s attention: Each of the four wallets, previously holding 10,000 BTC from the 80K whale, sent their funds to a single destination address bc1qs4nzm0je7wqfyfmqr4ht4upyzy57vc95nf4au0. This address now holds the entire $4.75 billion stash, raising new questions about the intent behind the move. According to Darkfost, while the pattern differs from previous sell-off precedents, the market must remain alert. “I guess these BTC might also end up hitting the market soon,” he commented. This kind of movement—especially from dormant, high-value wallets—often signals large-scale positioning, which can precede either institutional sales or strategic long-term storage. The timing coincides with rising bullish momentum across the crypto market. With Bitcoin consolidating above $118,000 following its $123,200 all-time high, traders are eyeing a potential breakout. Adding fuel to this outlook, all three key crypto-related bills were passed by the US House this week, removing significant regulatory uncertainty and clearing a path for broader adoption. Related Reading: SharpLink Gaming Buys $73M in Ethereum – Smart Money Loads the Dip Bitcoin Weekly Chart Signals Fresh Momentum The weekly chart shows Bitcoin holding strong above $118,000 after surging to an all-time high of $123,200. This breakout follows a prolonged consolidation just below the $110,000 resistance, which acted as a ceiling for several months. Now turned support, the $109,300 and $103,600 zones are critical demand levels, offering a firm foundation for continuation if bulls maintain control. The structure of the recent weekly candles reflects bullish dominance, characterized by strong bodies and relatively small upper wicks. This suggests controlled profit-taking and growing confidence from buyers. Meanwhile, volume is picking up, confirming participation in the breakout and hinting at the possibility of sustained momentum in the coming weeks. Related Reading: Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth All major moving averages—50-week ($88,214), 100-week ($69,139), and 200-week ($50,254)—are trending upward and remain well below current price levels, reinforcing a long-term bullish trend. As Bitcoin consolidates above former resistance, this zone may now serve as a launchpad for a move toward the next psychological target at $130,000. Featured image from Dall-E, chart from TradingView Source: newsbtc.com (Read Full Article)