Buterin Sells ETH, Bitcoin Stalls, XRP Surges: Crypto Week Recap!

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Oh, it’s been a relatively dynamic week. Because nothing says “excitement” like watching your portfolio melt like a poorly made ice cream cone in a heatwave. The total market cap is $2.36 trillion-same as last week, which is basically a gold star for consistency. But let’s not talk about that. Let’s talk about Bitcoin, the cryptocurrency that’s as reliable as a toddler’s promise to clean their room.

Bitcoin started the week like a toddler having a meltdown, chopping to the downside. Monday was a disaster, dropping from $67K to $64K. Then, because why not, it did a dead cat bounce and plummeted to $63K. Sentiment? Down bad. Crypto Twitter? A bunch of sad clowns. But then, miracle of miracles, Bitcoin started recovering-notably. It soared from $63K to $70K in less than two days. But of course, the bears had other plans, pushing it back down to $66K. Still in “extreme fear” according to the Fear and Greed index. Because nothing says “confidence” like a 100% chance of a bear market.

Meanwhile, Ethereum’s co-founder, Vitalik Buterin, is cashing out like it’s 2017. He’s sold 18,700 ETH, exceeding his original plan by 20%. Because nothing says “investing in the future” like selling your own coin. And XRP? It’s got a 212% surge in spot buying, which is basically a fancy way of saying “someone’s buying it, but not enough to make us stop crying.”

All in all, the week was a rollercoaster of emotions, ending exactly where it started. Strength? Dissolved. Sentiment? Still a dumpster fire. But hey, at least we’ve got a 2026 midterm election to look forward to. Because nothing says “recovery” like a political event that’s 90% memes and 10% actual policy.

Market Data

Market Cap: $2.35T | 24H Vol: $113B | BTC Dominance: 56.1%

BTC: $66,097 (-1.5%) | ETH: $1,947 (+0.2%) | XRP: $1.35 (-3.2%)

This Week’s Crypto Headlines You Can’t Miss

Bitwise CIO Matt Hougan Rejects Jane Street Blame for Bitcoin Dip. Matt Hougan, the chief investment officer at Bitwise, has dismissed claims that Jane Street is orchestrating Bitcoin’s ongoing downturn. Instead, he said that the current price action is typical of a “classic crypto winter.” Because obviously.

BSC Fees Hit Multi-Month Lows as History Signals Bitcoin Rebound Ahead. The Binance Smart Chain (BSC) saw its total fees paid drop to $593,000, which pretty much marks the network’s lowest usage cost since at least August 2025. Because nothing says “success” like a network that’s barely alive.

2026 US Midterms Emerge as Potential Turning Point for Crypto Markets.The 2026 US midterm elections are closing in. Many view them as a potential catalyst that’s tied to liquidity cycles in traditional financial markets, as well as a recovery in the broader cryptocurrency market. Because nothing says “hope” like a political event that’s 90% memes and 10% actual policy.

Bitcoin’s Recovery Isn’t Here Yet – Here’s What Still Needs to Flip.Data shows that BTC remains trapped in a structurally defensive consolidation. This happens as the price oscillates between $60K and $90K. Therefore, for a recovery to start shaping, the price needs to push above the upper boundary. Because obviously.

Vitalik Buterin Exceeds 16,384 ETH Selling Target with $38M in Total Disposals.The co-founder of Ethereum (and likely the most prominent person behind it), Vitalik Buterin, is dumping ETH. In fact, he has exceeded his previously stated plan to sell 16,384 ETH by almost 20%. Because nothing says “trust in the project” like selling your own coin.

Wall Street Is Going On-Chain, And Investors Still Don’t Get It, Says Bitwise CIO.According to the CIO of Bitwise, investors often misinterpret what is truly happening in the market due to behavioural biases and think that Wall Street is already going on-chain. Because obviously.

Charts

This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis.

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2026-02-27 19:27