Coinbase Faces Market Pressure as Bitcoin Miners Dump 51,000 BTC Amid Trump Policy Uncertainty
The cryptocurrency market experienced a significant 3% decline, dropping to a total market capitalization of $3.6 trillion, with Bitcoin failing to maintain its momentum above the $111,000 threshold. This downturn was primarily triggered by President Trump's latest policy announcement that notably excluded anticipated tariff measures against China, contrary to market expectations that had been priced in based on unusual whale activity patterns. Adding substantial selling pressure to the market, Bitcoin miners executed one of the largest exchange deposits since July's price slump, moving 51,000 BTC to trading platforms this week alone. This massive miner sell-off, combined with strategic whale movements, created perfect storm conditions for the current market correction. The convergence of these factors has placed significant pressure on major exchanges like Coinbase, which must now navigate increased volatility and trading volume while maintaining platform stability. Market analysts are closely monitoring whether this represents a temporary correction or the beginning of a more sustained bearish trend, particularly given the substantial miner capitulation and the unexpected political developments that have reshaped market sentiment. The absence of expected China tariffs has left traders reassessing their positions, while the miner exodus suggests potential concerns about Bitcoin's near-term price sustainability at current levels.
Crypto Market Dips 3% Amid Miner Sell-Off and Whale Activity
The cryptocurrency market fell nearly 3% to $3.6 trillion, with Bitcoin leading the decline after failing to sustain momentum above $111,000. The drop followed President Trump's announcement, which notably excluded expected tariff measures against China—a scenario traders had priced in based on unusual whale activity.
Bitcoin miners unloaded 51,000 BTC onto exchanges this week, the largest deposit since July's price slump to $110,000. Simultaneously, a high-profile trader dubbed the 'Trump Insider Whale' moved $222 million in BTC to Coinbase, likely liquidating holdings after opening a $127 million short position pre-announcement.
Gold's relentless rally to record highs appears to be siphoning capital from digital assets. The precious metal's safe-haven appeal contrasts with Bitcoin's volatility, which saw it retreat from its recent all-time high of $126,000.
Brian Armstrong Predicts: Crypto Everywhere in 10 Years
Coinbase CEO Brian Armstrong forecasts a future where cryptocurrency becomes ubiquitous within a decade, operating invisibly within global financial systems. His vision hinges on blockchain's seamless integration into everyday apps and services, abstracting technical complexity from end-users.
The prediction underscores crypto's trajectory toward mainstream adoption as infrastructure rather than speculative asset. Armstrong's position as head of a Nasdaq-listed exchange lends institutional credibility to this bullish outlook on decentralized technologies.
Ripple, Wall Street, and the Dawn of Pro-Crypto America
In a gilded White House ballroom, U.S. President Donald Trump’s return to power was marked by a quiet financial revolution. Wall Street executives, Silicon Valley investors, and crypto leaders convened, signaling a new era of institutional adoption for digital assets. The administration’s ambition to make the U.S. the most crypto-friendly nation is now translating into policy.
Ripple’s senior executives shared the table with Coinbase, Fidelity, and BlackRock representatives—a symbolic shift from crypto’s fringe status to mainstream legitimacy. Trump’s campaign rhetoric about deregulation and innovation is gaining traction, with the dinner serving as a strategic launchpad for pro-crypto initiatives.
Shiba Inu's $1 Dream Faces Reality Check as Remittix Gains Traction
Shiba Inu's quest to reach $1 by 2028 is met with skepticism as traders pivot toward Remittix, a DeFi project demonstrating tangible utility. With $27.4 million raised and a live Beta Wallet, Remittix contrasts sharply with SHIB's speculative momentum.
Currently trading at $0.00001032, shiba inu shows signs of accumulation, with analysts like 'Trades' anticipating an upward swing. Token burns, including a recent 140 million SHIB removal by a Coinbase user, provide modest support—yet a $1 valuation would require an unprecedented market cap surge.
