Zinger Key Points
- Global cryptocurrency market capitalization is trading relatively flat at $3.5 trillion.
- One trader marks the $101,000-$106,000 range as a key diagonal resistance.
- Get the Real Story Behind Every Major Earnings Report
Cryptocurrency markets are trading slightly up as the Federal Reserve continue to hold interest rates steady.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $103,822 | +2.6% |
| Ethereum ETH/USD | $3,119 | +0.6% |
| Solana SOL/USD | $233.27 | +2.1% |
| XRP XRP/USD | $3.00 | +0.2% |
| Dogecoin DOGE/USD | $0.3288 | +2.3% |
| Shiba Inu SHIB/USD | $0.00001853 | +1.6% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 21.4% and daily active addresses falling by 7.8%. Transactions greater than $100,000 are down from 12,753 to 10,724 in a single day. Exchanges netflows are down by 721.5%.
- Coinglass data reports 128,942 traders were liquidated in the past 24 hours for $285.11 million.
Notable Developments:
- Robinhood Expands Trading Services With Bitcoin, Oil, Gold Futures
- Coinbase Taps Trump’s Campaign Manager, Chris LaCivita To Tackle Crypto Policy In Washington
- Czech Central Bank Considering 5% Bitcoin Reserve
- Bill Miller Snapped Up 50K MicroStrategy Shares In Q3 — Was It A Smarter Play Than Bitcoin ETFs?
- Robinhood CEO Vlad Tenev Pushes For Tokenization To Unlock Private Companies Like SpaceX And OpenAI For More Investors
Top Gainers:
| Cryptocurrency | Price | Gains +/- |
| Dogwifhat WIF/USD | $1.22 | +18.1% |
| Onyxcoin XCN/USD | $0.03439 | +14.2% |
| Fartcoin JTO/USD | $0.9887 | +13.1% |
Trader Notes: Glassnode data shows the ratio of profit to loss volumes among Bitcoin Long-Term Holders (LTH) remaining high, characteristic of bull markets.
Crypto trader Follis, in a recent X post, indicated that the classic FOMC shakeout could flush weak hands, reset leverage, then send it higher.
If Bitcoin recovers quickly post-FOMC, it's just more fuel for the uptrend.
Crypto trader Rekt Capital sees Bitcoin testing the diagonal resistance within the $101,000-$106,000 range and a daily close above this resistance as crucial for a breakout.
Without this close, previous upside wicks risk rejection.
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