Bitcoin, Ethereum, Dogecoin Flat as XRP Jumps 2%: Traders Call BTC Pullback 'Normal'

Bitcoin traded sideways around $78,000 as investors awaited key U.S. inflation data and the Federal Reserve’s upcoming policy decision.  

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$78,498
Ethereum	(CRYPTO: ETH)	$2,484
Solana	(CRYPTO: SOL)	$103.36
XRP	(CRYPTO: XRP)	$1.42
Dogecoin	(CRYPTO: DOGE)	$0.09004
Shiba Inu	(CRYPTO: SHIB)	$0.055436

Notable Statistics:

• Coinglass data shows 83,668 traders were liquidated in the past 24 hours for $255.54 million.       
• SoSoValue data shows net inflows of $174.6 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $26.46 million.
• In the past 24 hours, top gainers include Venice Token, Aerodrome Finance and Injective.

Notable Developments:

• Robinhood Expands Prediction Markets Push With Crypto.com, OG Deal
• Why Bitcoin’s Structure Is Promising but $83,000 Remains the Key Level
• Bitcoin, Ethereum Are Set for a ‘Money Printing Bonanza,’ Arthur Hayes Says
• Bitmine Buys 28,086 ETH for $69.5 Million: Is $27 Next for BMNR?
• Forget XRP, Privacy Coins Are the 2026 Standout Trade—One Is Up 2,400%
• Strategy’s ‘We’re Back’ Bitcoin Buy Was a One-Week Thing: What’s Going On?
• Tesla’s 2021 Bitcoin Bet: What Is It Worth Today?
• CLARITY Act Is a ‘Powerful Package’ Ahead of Key Vote Next Week, Coinbase Exec Says

Trader Notes:

Daan Crypto Trades said Bitcoin rebounded strongly after a liquidity grab, but open interest remains elevated. He sees $79,000 as a key level that could trigger a short squeeze.

Benjamin Cowen noted Bitcoin pullbacks around golden crosses are normal.

The key signal is what follows, a higher high above the 50-week SMA could confirm the bear market is over, while rejection and a lower high could signal another Q4 low.

Trader exitpump expects Bitcoin to chop and slowly bleed until it reclaims $84,000, like 2023. They are targeting a long in the low-$77,000s and avoiding entries above $78,000.

Image: Shutterstock