Bitcoin, Ethereum, XRP, Dogecoin Hold Ground as Traders Brace for Dip

Bitcoin is holding around $78,000 as some traders take profits following last week’s massive rally, while some anticipate a pullback before the next leg higher.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$78,399
Ethereum	(CRYPTO: ETH)	$2,469
Solana	(CRYPTO: SOL)	$97.04
XRP	(CRYPTO: XRP)	$1.39
Dogecoin	(CRYPTO: DOGE)	$0.085
Shiba Inu	(CRYPTO: SHIB)	$0.055222

Notable Statistics:

• Coinglass data shows 90,144 traders were liquidated in the past 24 hours for $302.30 million.       
• SoSoValue data shows net inflows of $314.4 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $179.8 million.
• In the past 24 hours, top losers include POL, Lighter and Pudgy Penguins.

Notable Developments:

• Arthur Hayes Predicts Bitcoin to Reach $250,000, Holds 10 Times More BTC Than Gold
• SHIB Joins XRP, Bitcoin on Japan’s First New Crypto Exchange in 4 Years
• Bernstein: Bitcoin Could Hit $500,000 By 2029, MSTR to $350
• XRP Eyes $1.88 as Leverage Hits 7-Month High: What’s Going On?
• Bitcoin Stuck Below $80,000 as Ethereum Funding Rates Hit 1-Year High
• Crypto-Rich but House-Hunting? Coinbase and Better Unveil Token-Backed Mortgage

Trader Notes:

CryptoAmsterdam remains bullish and is holding positions accumulated near the lows but cautions against chasing crypto with leverage near resistance. He sees room for a dip or extended consolidation and favors gradually accumulating with a clear plan.

Trader exitpump notes Bitcoin open interest is rising quickly while price remains range-bound, with spot selling absorbing aggressive buyers. He sees a potential flush toward $77,000 as a possible long entry.

Crypto Chase continues to remain patient and is waiting for Bitcoin to reach his preferred bid zone rather than chasing or shorting. He will reassess his setup if $83,000 is reached before roughly $75,000.

Image: Shutterstock