Bitcoin, Ethereum Slip, XRP, Dogecoin Hold Gains On Slow Wednesday

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Zinger Key Points

Bitcoin and Ethereum struggle to maintain gains, while XRP rallies on optimism over the SEC potentially closing its case against Ripple.

CryptocurrencyPrice   Gains +/-
Bitcoin BTC/USD$82,997.45-0.13%
Ethereum ETH/USD$1,876.24-3.7%
Solana SOL/USD$124.56-2.1%
XRP XRP/USD$2.23+2.5%
Dogecoin DOGE/USD$0.1689+1.3%
Shiba Inu SHIB/USD$0.00001229+0.8%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increasing by 5.2% and daily active addresses falling by 3.4%. Transactions greater than $100,000 are down from 11,844 to 10,766 in a single day. Exchanges netflows are down by 100.9%.
  • Coinglass data reports 97,058 traders were liquidated in the past 24 hours for $281.42 million.

Notable Developments:

Top Gainers:

CryptocurrencyPrice   Gains +/-
Pi PI/USD $1.70+21.5%
Celestia TIA/USD $3.58+16%
Story IP/USD $6.04+9.7%

Trader Notes: Crypto trader Intuitio argues that Bitcoin has only had a taste of the bull market, while Ethereum never truly experienced one—it was merely in an echo bubble that has now deflated.

With BTC retesting its previous all-time high, he believes the claim that "the bull run hasn't even begun" may hold weight.

Jelle sees bears still in control, noting that Monday's highs were swept, followed by a lower low after a series of higher lows.

He warns that when bearish setups play out cleanly, there's no reason to chase short-term upside—instead, patience is key.

Moustache aka El Crypto Prof points out that the last time the S&P 500's daily RSI was this low, Bitcoin rallied over 300% afterward. With both BTC and the S&P 500 touching a key trendline, he believes this could be a bullish signal.

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