Bitcoin, Ethereum, XRP, Dogecoin Rally: Can BTC Hold $84,000 Over The Weekend For A Push To $90,000?

Comments
Loading...
Zinger Key Points

Crypto markets are surging into the weekend, sparking speculation on whether Bitcoin's break above $84,000 could fuel further upside.

CryptocurrencyPrice   Gains +/-
Bitcoin BTC/USD $84,793.95 +5%
Ethereum ETH/USD $1,939.46+4.6%
Solana SOL/USD $134.25+9.2%
XRP XRP/USD $2.35+4.3%
Dogecoin DOGE/USD $0.1713+4.2%
Shiba Inu SHIB/USD $0.00001265  +5.7%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume decreasing by 15.5% and daily active addresses up by 3.6%. Transactions greater than $100,000 are down from 10,064 to 9,548  in a single day. Exchanges netflows are down by 87.8%.
  • Coinglass data reports 69,998 traders were liquidated in the past 24 hours for $171.48 million.

Notable Developments:

Top Gainers:

CryptocurrencyPrice   Gains +/-
OFFICIAL TRUMP TRUMP/USD $11.98+14.4%
Sonic (prev. FTM) (CRYPTO: S) $0.5392+13.8%
Chainlink LINK/USD $14.53+12.6%

Trader Notes: With Bitcoin prices moving upwards, crypto chart analyst Ali Martinez predicts Bitcoin could push to $90,000 if $84,000 support holds over the weekend.

Trader Jelle voices a similar opinion, highlighting that BTC reclaimed $84,000 after a week of testing.

Holding this level over the weekend could set up a move toward $90,000.

Crypto trader CRG explains U.S. indices are breaking out on low timeframes—a strong close today could fuel a bullish weekend for crypto if momentum holds.

Javon Marks believes this is not Bitcoin's most bullish phase because historical trends and price structure suggest the most explosive bull phase is still ahead.

Bloomberg senior ETF Analyst Eric Balchunas stated Bitcoin ETF inflows have dipped to $35 billion from a peak of $40 billion, but with $115 billion in assets under management, over 95% of investor cash has held strong despite a 25% price drop.

Read Next: 

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

Posted In: