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Norway’s $1.6 trillion wealth fund boosts indirect Bitcoin exposure by 192% in Q2 2025

  • NBIM now holds the equivalent of 7,161 BTC through listed equities.
  • Institutional interest in Bitcoin grows through ETFs and corporate holdings.
  • The move may signal early stages of sovereign-backed Bitcoin adoption.

Norway’s sovereign wealth fund, the largest in the world, has taken a significant step into the cryptocurrency market, increasing its Bitcoin (BTC) exposure by 192% during the second quarter of 2025.

Norges Bank Investment Management (NBIM), which manages the country’s $1.6 trillion oil-funded portfolio, expanded its holdings from the equivalent of 2,446 BTC from the June quarter in 2024 to 7,161 BTC.

The move underscores a broader shift among institutional investors who are using publicly listed equities and ETFs to gain exposure to the cryptocurrency market without holding digital assets directly.

Bitcoin exposure rises through equities and ETFs

NBIM’s largest Bitcoin exposure comes via its stake in MicroStrategy (MSTR), the biggest corporate holder of the cryptocurrency. The fund also initiated a smaller position equivalent to 200 BTC in Japan-based Metaplanet.

These holdings are reflected in the fund’s Q2 2025 13F filings, which track institutional investments in US-listed companies.

The data, compiled by analysts, highlights NBIM’s increased allocation to Bitcoin-linked equities during a period of growing global interest in the asset class.

Sovereign wealth funds are typically known for their conservative, long-term investment strategies, making this level of exposure notable.

Institutional participation strengthens

The move by NBIM comes amid rising institutional adoption of Bitcoin, driven in part by strong inflows into Bitcoin ETFs and increased corporate interest.

These products have made it easier for large investors to gain exposure without managing the complexities of digital asset custody.

Industry analysts note that sovereign wealth funds and large pension managers are beginning to explore Bitcoin as part of diversified long-term portfolios.

While NBIM has not publicly commented on its decision, the timing aligns with Bitcoin’s steady price gains over the past quarter, supported by favourable macroeconomic conditions and increased demand.

Strategic hedge potential

For NBIM, the Bitcoin allocation remains a small portion of its total assets, but it may serve as a hedge against currency debasement and geopolitical risks.

Such positioning reflects a growing recognition among large investors that Bitcoin could play a role in risk-adjusted portfolio diversification.

The increase also follows a global trend where state-backed investment vehicles cautiously test exposure to emerging asset classes, particularly those viewed as potential stores of value.

If this allocation pattern continues, the participation of sovereign funds could have a meaningful impact on Bitcoin’s market liquidity and institutional legitimacy.

Broader implications for sovereign-backed Bitcoin adoption

The developments at NBIM may signal the early stages of more widespread sovereign-backed Bitcoin adoption.

Although the current exposure is small relative to the size of the fund, the scale of sovereign wealth fund capital means even incremental moves can influence market dynamics.

As other funds monitor NBIM’s strategy, institutional activity in Bitcoin-linked assets could increase further.

For the cryptocurrency market, these flows represent a structural change in the investor base, moving beyond retail speculation to long-term, strategic capital from the world’s largest pools of wealth.

The post Norway’s $1.6 trillion wealth fund boosts indirect Bitcoin exposure by 192% in Q2 2025 appeared first on CoinJournal.

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XRP price down 3.95% in 24 hours as market liquidations exceed $1 billion

  • Single-hour volume hits 436.98M units, one of Q3’s highest.
  • Support holds at $3.05–$3.09 amid heavy selling.
  • Resistance at $3.13 and $3.20 eyed for short-term reversal.

XRP’s price fell in the last 24 hours, sliding from $3.34 to $3.10, as cryptocurrency markets faced over $1 billion in liquidations.

The token is currently trading at $3.10, down 3.95% in the same period, after touching $3.05 — its lowest level in more than a week — before stabilising.

XRP price
Source: CoinMarketCap

Heavy midday trading saw one of the largest single-hour volumes this quarter, with institutional support emerging near the lower price range.

Despite the pressure, late-session buying helped the token edge back above short-term resistance, indicating potential early accumulation from large holders.

Traders are closely monitoring whether this shift marks the start of a broader recovery or simply a pause before further declines.

Market-wide liquidations trigger steep drop

The decline was part of a broader market correction that coincided with profit-taking in US equities, shifting investor sentiment. Market-wide liquidations surpassed $1 billion, with XRP facing a midday capitulation event.

At 12:00, prices fell from $3.22 to $3.09 on heavy selling, contributing to a single-hour volume spike of 436.98 million units. This was among the largest trading bursts for the token this quarter, reflecting a high level of speculative positioning being unwound in rapid succession.

Ripple’s chief technology officer reiterated the XRP Ledger’s readiness for integration into global financial infrastructure during the downturn, offering a layer of fundamental confidence despite short-term volatility.

Price action and volatility levels

Over the 24-hour period from 03:00 on 14 August to 02:00 on 15 August, XRP saw a trading range spanning $3.34 to $3.05, representing an 8.69% volatility swing.

After the midday drop, the price traded in a narrow $3.05–$3.13 band, signalling reduced sell-side momentum. In the final 60 minutes of trading, two notable volume surges of 4.53 million and 3.76 million units emerged, suggesting renewed institutional interest at support.

Such inflows into spot markets after a sharp drop often point to strategic positioning by larger investors seeking to capitalise on discounted price levels.

Key technical levels to watch

Support has been confirmed between $3.05 and $3.09, tested repeatedly during periods of intense selling. Immediate resistance now sits at $3.13, with a secondary level at $3.20. Declining volumes after the midday spike point to liquidation exhaustion.

The recovery above $3.10 in low-liquidity conditions suggests early-stage re-accumulation could be underway, although follow-through buying above $3.13 will be needed to confirm a short-term reversal.

Factors traders are monitoring

Market participants are watching whether $3.05 will hold in the next wave of volatility, particularly if market-wide liquidations occur again.

Large-holder wallet activity is being tracked for signs of accumulation, and shifts in funding rates in XRP derivatives markets are under review for possible leveraged re-entry.

Correlation with equity markets remains important, with US Federal Reserve rate cut expectations continuing to influence risk sentiment.

As global markets remain sensitive to macroeconomic signals, cryptocurrency price action is expected to remain closely linked to investor appetite for risk assets.

The post XRP price down 3.95% in 24 hours as market liquidations exceed $1 billion appeared first on CoinJournal.

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DOGE dips 6% as crypto bulls suffer huge losses; Check forecast

Key takeaways

  • The cryptocurrency market reversed its recent gains, with bullish traders losing over $800 million in the last 24 hours.
  • DOGE dropped by 6% after failing to hit $0.26.

DOGE dips lower on poor PPI data

The cryptocurrency market reversed its recent gains on the back of poor PPI data from the United States. Bitcoin hit a new all-time high of $124k on Thursday but quickly reversed its gains and dropped below $119k.

Ether was trading above $2,700 during the early hours of Thursday, but has lost 2% of its value since failing to surge past its current all-time high price. Meanwhile, DOGE, the native coin of the Dogecoin blockchain, was the worst performer among the top 10 cryptocurrencies by market cap, down 6% in the last 24 hours.

The bearish performance saw DOGE test the $0.21 support zone a few hours ago. It has slightly bounced back and is now trading above $0.23 per coin.

The market slump was caused by the recent Producer Price Index (PPI) data published by the U.S. Bureau of Labor Statistics on Thursday. The PPI for final demand rose 3.3% on a yearly basis in July, higher than the 2.5% analysts expected and June’s 2.4%. 

Furthermore,  the annual core PPI rose 3.7% in July, up from 2.6% in June. These data raised fresh concerns around inflation in the United States and whether the Federal Reserve will cut interest rates in its upcoming FOMC meeting.

DOGE targets the $0.25 TLQ

The DOGE/USD 4-hour chart is bearish thanks to Dogecoin’s recent performance. The technical indicators show signs of fading bullish momentum, but could recover if the bulls regain control of the market.

The MACD lines are still within the positive territory, suggesting that the bears don’t have full control yet. The MACD of 54 also shows that the DOGE/USD pair has not fully flipped bearish.

DOGE/USD 4H Chart

If the bulls regain control, DOGE could reclaim the nearest resistance and TLQ zone at $0.256 in the coming hours or days. An extended bullish run would allow it to surge past July’s high of $0.28. However, for that to happen, DOGE’s RSI needs to stay above the neutral 50.

On the flipside, if the bearish momentum grows stronger, DOGE could drop lower and retest last week’s low of $0.1874. The bulls would defend this level fiercely, as failure to do so could see DOGE drop below $0.15 for the first time since June.

The post DOGE dips 6% as crypto bulls suffer huge losses; Check forecast appeared first on CoinJournal.