Morning Crypto Report: US Bitcoin Reserves Soar 64% Overnight, XRP Wallets Hit Historic Records, Coinbase X Hacker Makes $33
The post Morning Crypto Report: US Bitcoin Reserves Soar 64% Overnight, XRP Wallets Hit Historic Records, Coinbase X Hacker Makes $33 appeared on BitcoinEthereumNews.com.
TL;DR The crypto market this Sunday morning is still reeling from the week’s turbulence. Bitcoin trades under pressure at $106,000 after one of the largest ETF outflow waves on record, while the U.S. government has confiscated 127,000 BTC, raising its strategic reserves by 64% overnight. XRP wallets reached historic highs despite price weakness, Coinbase suffered an unusual hack that netted attackers only $33, and Solana enters a critical week with ETF anticipation and a sudden $750 million surge in stablecoin supply. Bitcoin: Price under pressure as U.S. adds 127,000 BTC Bitcoin trades at $106,232, down 8% on the week, with the chart showing the biggest weekly candle since March. Just two weeks ago, BTC touched $123,000, so close to $17,000 was lost in days. A total of $1.23 billion in ETF outflows, the second-largest on record, increased selling pressure. Retail panic confirmed the sell-off. Washington shocked the markets more, as the U.S. Department of Justice seized 127,271 BTC from the Prince Group, accused of scams and illegal mining. According to Galaxy Research, this increased the U.S. government’s Bitcoin reserves by 64% in a single night, taking total holdings to 3.5% of America’s gold. BTC/USD by TradingView As a result, the U.S. is now the second-biggest holder of Bitcoin in the world after Strategy. The symbolism was not lost on traders: just as retail capitulates into weakness, the U.S. government strengthens its long-term position. For markets, however, the pivot remains technical: support rests at $101,000, the same demand wall tested last Friday, while deeper levels open toward $98,500 if fear accelerates. Resistance overhead is capped near $112,000. XRP: Wallets reach historic record While charts show stress, XRP has delivered a structural milestone. Santiment data shows wallets holding over 10,000 XRP have now hit a record high of 317,500 addresses. The fact that…
