Bitcoin, Ethereum, XRP, Dogecoin Continue Slow Walk Up

Cryptocurrency markets remain bullish on Thursday, fueled by optimism over potential altcoin ETFs.

Cryptocurrency	Price	Gains +/-
Bitcoin BTC/USD	$98,414.37	+2.6%
Ethereum ETH/USD	$2,753.73	+1.7%
Solana SOL/USD	$174.54	+3.5%
XRP XRP/USD	$2.71	+1.9%
Dogecoin DOGE/USD	$0.2543	+1.1%
Shiba Inu SHIB/USD	$0.00001555	+1.7%

Notable Statistics:

IntoTheBlock data shows large transaction volume increasing by 8.6% and daily active addresses falling by 11.6%. Transactions greater than $100,000 are down from 10,134 to 9,587 in a single day. Exchanges netflows are up by 583.7%.
Coinglass data reports 94,182 traders were liquidated in the past 24 hours for $166.31 million.
Crypto chart analyst Ali Martinez stated that $13.5 billion left the cryptocurrency market in the past week, reflecting a decline in capital inflows.

Notable Developments:

Top Gainers:

Cryptocurrency	Price	Gains +/-
Story IP/USD	$3.83	+43.2%
Pyth Network PYTH/USD	$0.2572	+26.2%
Berachain BERA/USD	$8.13	+24.9%

Trader Notes: With Bitcoin heading towards $100,000, crypto trader Kevin noted that it's tough to be bearish on the BTC chart.

Hard to be bearish on this chart folks – #BTC vs S&P pic.twitter.com/CjPWIV5xlT
— Kevin (@Kev_Capital_TA) February 20, 2025

Crypto trader Mayne highlighted key levels: Bitcoin above $99,500 and Ethereum above $2,850 as crucial for a potential mean reversion move.

Meanwhile, trader CJ is watching for a reaction at $98,826 and looking to buy dips around $96,000–$96,500, expecting a setup toward $105,000.

Network Economist Timothy Peterson emphasized Bitcoin cycle timing: in a bull market period of 9 months, traders can expect to double money, with an average annualized return of 152%. In a bear market of 34 months, returns slow significantly with an average annualized return of 28%, making the doubling time much longer.

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