Bitcoin Holds Steady As Ethereum, XRP, Dogecoin Lead Altcoin Rally
Cryptocurrency markets are rallying on Monday, led by notable Ethereum outperformance.
|
Cryptocurrency |
Ticker |
Price |
|
Bitcoin |
(CRYPTO: BTC) |
$114,668 |
|
Ethereum |
(CRYPTO: ETH) |
$3,680.47 |
|
Solana |
(CRYPTO: SOL) |
$165.72 |
|
XRP |
(CRYPTO: XRP) |
$3.05 |
|
Dogecoin |
(CRYPTO: DOGE) |
$0.2055 |
|
Shiba Inu |
(CRYPTO: SHIB) |
$0.00001237 |
Notable Statistics:
-
IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 0.1% and grew 3.97%, respectively. Daily active addresses dropped by 10.4% and increased 3.9%, respectively.
-
Coinglass data shows 85,818 traders were liquidated in the past 24 hours for $234.22 million.
-
The top gainers in the past 24 hours include MemeCore (CRYPTO: M), Mantle (CRYPTO: MNT) and Litecoin (CRYPTO: LTC).
Notable Developments:
-
SharpLink Ups Ethereum Bets, Closes In On 500,000 ETH Holdings
-
Bitcoin Mining With Nuclear Energy? French Lawmakers Are Considering It
-
How Coinbase, Robinhood, Circle Could Benefit From The SEC’s New ‘Project Crypto’
Trader Notes: Michael van de Poppe notes that while Bitcoin has broken to the upside, it's still struggling at a major resistance level, with no clear trend reversal confirmed yet.
Bob Loukas highlights that BTC has retested its May cycle high, potentially marking the peak of this 60-day cycle.
While lower lows or retests are common in cycles, he notes they become less predictable in advanced bull markets.
His outlook suggests a strong rally toward a late August high, followed by a cycle decline into September.
Andrew Crypto explains that Bitcoin's recent dip wasn't surprising and was followed by a strong bounce, though it still hasn't tapped into the key demand zone.
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