- Global cryptocurrency market capitalization is trading relatively flat with 0.2% gains, holding on the $3 trillion mark.
- Traders split: some expect weekend volatility, others see bullish momentum returning.
- The next 100%+ earnings move could hit this month. See how to find it live on Wednesday →
Cryptocurrency markets are treading water as the market enters a quiet stretch ahead of a key week for macroeconomic data.
Cryptocurrency | Price | Gains +/- |
Bitcoin BTC/USD | $97,490.40 | +0.9% |
Ethereum ETH/USD | $1,852.16 | +0.2% |
Solana SOL/USD | $149.98 | -0.2% |
XRP XRP/USD | $2.21 | -0.5% |
Dogecoin DOGE/USD | $0.1815 | +0.2% |
Shiba Inu SHIB/USD | $0.00001348 | -1% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 19.6% and daily active addresses falling by 0.9%. Transactions greater than $100,000 are down from 10,529 to 10,084 in a single day. Exchanges netflows are down by 133.6%.
- Coinglass data reports 71,325 traders were liquidated in the past 24 hours for $135.88 million.
Notable Developments:
- Bitcoin Up 25% From Tariff Lows: Here’s THe Case For New All-Time Highs Soon
- Aptos Eyes Real-World Utility Beyond NFTs And DeFi, Says Ecosystem Head Ash Pampati
- Bitcoin Hovers Around $97,000 But This Is A ‘Fragile Rally,’ Analyst Warns
- Strategy Q1 Earnings: Bitcoin Treasury Company Raises Its ‘BTC Yield’ And ‘BTC $ Gain’ Targets For 2025
- Bitcoin Miner Riot Platforms Reports Q1 Results, Shares Slide
Top Gainers:
Cryptocurrency | Price | Gains +/- |
Pudgy Penguins PENGU/USD | $0.01233 | +13% |
EOS EOS/USD | $1.85 | +9.5% |
Immutable IMX/USD | $0.6441 | +8.2% |
Trader Notes: Bitcoin trader Cole sees Bitcoin forming a potential rising wedge, often a bearish pattern. With an uptick in long positions and light weekend liquidity, he warns of a possible pullback toward the daily open or support near $95,000–$95,500.
Titan of Crypto points to the SuperGuppy indicator, which just flipped bullish on the weekly chart, signaling a momentum shift back in favor of the bulls and potentially confirming the start of a longer-term uptrend.
Adding to the bullish narrative, Ted Pillows compares Bitcoin's structure to gold's previous rally pattern – accumulation, breakout, highs, then re-accumulation. He sees BTC currently beginning its next leg up, projecting a new high by Q2 2025 based on that historic rhythm.
On-chain data from Glassnode strengthens the bull case:
- Long-term holders have accumulated over 254,000 BTC now aged past 155 days.
- Many of these coins were bought above $95,000, and spending remains low, a sign of confidence and reduced desire to sell.
- Additionally, BTC holders with 30+ day coins are now back in profit, easing potential sell pressure from short-term holders.
Together, these signals point to early-stage bullish momentum, but with weekend volatility and leveraged longs building, traders remain cautious.
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