Cryptocurrency markets are trading slightly up on Monday, with speculation surrounding the odds for the approval of altcoin ETFs.
Cryptocurrency | Price |
|
Bitcoin (CRYPTO: BTC) | $97,303.56 | +1.1% |
Ethereum (CRYPTO: ETH) | $2,672.76 | +1.4% |
Solana (CRYPTO: SOL) | $202.19 | +0.99% |
XRP (CRYPTO: XRP) | $2.43 | +0.9% |
Dogecoin (CRYPTO: DOGE) | $0.2538 | +1% |
Shiba Inu (CRYPTO: SHIB) | $0.00001584 | +0.99% |
Notable Statistics:
IntoTheBlock data shows large transaction volume increased by 0.8% and daily active addresses down by 2.5%. Transactions greater than $100,000 are down from 7,360 to 7,194 in a single day. Exchanges netflows decreased by 318.6%.
Coinglass data reports 119,776 traders were liquidated in the past 24 hours for $245.82 million.
Notable Developments:
New Bitcoin ETF Limits Losses To 20%, Offers Risk-Controlled Exposure
TRUMP Meme Coin Left A Sour Taste In Traders' Mouths: 10x Research
Coinbase CEO Brian Armstrong Says Bitcoin Adoption To Reach 'Billions' By 2030
Trump Vs. Polymarket Crypto Bettors: Whose Prediction On Super Bowl LIX Appears To Be Coming True?
Is Solana's Growth Being Held Back By A Technical Bottleneck?
Strategy Acquires 7,633 Bitcoin For $742.4 Million, Boosts Holdings To 478,740 BTC
Man Whose $775 Million Bitcoin Fortune Lies Buried In A Landfill Now Wants To Buy The Trash Heap
Top Gainers:
Cryptocurrency | Price | Gains +/- |
Fartcoin (CRYPTO: FARTCOIN) | $0.644 | +31.4% |
Litecoin (CRYPTO: LTC) | $119.37 | +12.3% |
Raydium (CRYPTO: RAY) | $5.22 | +9.7% |
Trader Notes: With Bitcoin prices opening the week higher, crypto trader Jelle highlighted that BTC has broken and retested the local downtrend. He now wonders if it's time for another test of $100,000.
Meanwhile, Rekt Capital reiterated that Bitcoin's bull market is expected to peak in 2025, marking the start of a new bear cycle.
He predicts the majority of the bear market will play out in 2026, lasting over 365 days with a potential drawdown of -65% to -80%.
Crypto trader CJ disclosed that BTC has entered a position around $95,000, with a key focus on holding $96,300 in case of a pullback during the NY session. He emphasized: "$100,000 is the main pivotal level – can't get too excited while we are below."
Bloomberg ETF reporter Eric Balchunas has stated his altcoin ETF approval odds, with Litecoin (CRYPTO: LTC) leading at a 90% chance, followed by Dogecoin, Solana and XRP.
