Bitcoin, Ethereum Fall 2% as XRP, Dogecoin Tumble Over 5% on Macro Uncertainty
Bitcoin trades around $77,000 as spot ETF outflows and uncertainty ahead of key inflation data weighs on the markets.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $77,023 |
| Ethereum | (CRYPTO: ETH) | $2,456 |
| Solana | (CRYPTO: SOL) | $100.06 |
| XRP | (CRYPTO: XRP) | $1.36 |
| Dogecoin | (CRYPTO: DOGE) | $0.08395 |
| Shiba Inu | (CRYPTO: SHIB) | $0.055093 |
Notable Statistics:
- Coinglass data shows 150,860 traders were liquidated in the past 24 hours for $538.82 million.
- SoSoValue data shows net outflows of $120.2 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $34.8 million.
- In the past 24 hours, top losers include Pump.fun, Bitcoin Cash and Dash.
Notable Developments:
- PPI Data Boosts Rate Hike Bets but Could It Be Bullish for Bitcoin?
- Coinbase CEO Makes Monster Bitcoin Call: $400,000 By 2030
- Bitcoin Bull Case vs Bear Case: Who Wins in September?
- Goldman Sachs Increases COIN Target to $219 on ‘Everything Exchange’ Push
- $5,000 ‘Trump Dividend’ Echoes Past Promises: Will Bitcoin Rally Again?
- Coinbase CEO Says CLARITY Act Nears ‘Finish Line’ and Bitcoin Has ‘Seen The Bottom’
Trader Notes:
Trader KillaXBT noted support remains valid until it breaks and favors lower leverage to withstand deeper price deviations.
Trader Jelle warned that Bitcoin is rolling over after rejecting the $80,000 to $83,000 zone. A break below current lows could send BTC toward the low-$70,000s, which he sees as an accumulation opportunity.
Bitcoin trader Ardi said Bitcoin’s 44% rally from $57,000 to $82,000 does not confirm a bear-market bottom, noting similar relief rallies occurred in previous cycles.
He sees $83,000 as the key pivot and a breakout would support $57,000 as the cycle low.
Image: Shutterstock