Zinger Key Points
- Global cryptocurrency market capitalization is trading relatively flat at $2.7 trillion.
- One trader sees extended consolidation as a sign of a bottom, while another highlights $85,474 as a key breakout level.
- Join Nic Chahine live on Wednesday, March 19, at 6 PM ET for a step-by-step breakdown of how to to capitalize on post-Fed volatility and manage risk in this fast-moving market. Register for this free strategy session today.
Crypto markets are in a holding pattern ahead of Wednesday's Federal Reserve meeting and other crucial macroeconomic data.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $84,316.40 | +1.1% |
| Ethereum ETH/USD | $1,938.92 | +2.5% |
| Solana SOL/USD | $129.46 | +1.6% |
| XRP XRP/USD | $2.36 | +2.2% |
| Dogecoin DOGE/USD | $0.1747 | +3.3% |
| Shiba Inu SHIB/USD | $0.00001304 | -1.4% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 5.3% and daily active addresses up by 2.6%. Transactions greater than $100,000 are down from 6,992 to 6,332 in a single day. Exchanges netflows are down by 45.9%.
- Coinglass data reports 83,995 traders were liquidated in the past 24 hours for $172.67 million.
- Crypto chart analyst Ali Martinez stated that long term holders added 179,000 BTC over the past month.
- Martinez also shows capital inflows peaked to $4.16 billion, a level last seen in October 2023.
Notable Developments:
- Bitcoin ETFs See Record $5.5 Billion In Outflows In 5 Weeks As Tariff Turbulence Looms
- Will Bitcoin Go Up If Donald Trump Eliminates Income Tax For Americans Making Less Than $150,000?
- Crypto Leaders Step Up Pressure On SEC As Trump’s Policies Reshape Regulatory Landscape
- Standard Chartered Lowers Ethereum Price Target To $4,000: Here’s Why A Coinbase Blockchain Is To Blame
- Strategy Purchases 130 More Bitcoin, Now Holds Over 499,000 BTC
- Bitcoin Miners Hit Rock Bottom? Valuations Slip Below Key Average For First Time In A Year
- Dogecoin Was Worth $50 Billion On Donald Trump’s Inauguration Day: It’s Now Down To $25 Billion
Top Gainers:
| Cryptocurrency | Price | Gains +/- |
| PancakeSwap CAKE/USD | $2.48 | +39.6% |
| Pepe PEPE/USD | $0.057415 | +12.7% |
| BinaryX BNX/USD | $1.60 | +11.9% |
Trader Notes: With Bitcoin prices trading relatively flat, More Crypto Online notes that Bitcoin is holding micro support, but a solid low isn’t confirmed unless it breaks above $85,474.
If that happens, the next target is $87,204—until then, any bounce is just noise.
Another trader, JJcycles, believes Bitcoin is ready for a squeeze.
Altcoin Sherpa expects BTC to break $84,000 but sees $89,000 as a tougher challenge.
Extended consolidation strengthens confidence that this is the bottom.
Rekt Capital compares the current Bitcoin consolidation to June 2021.
Notably, Bitcoin broke out from a similar pattern in July 2021, hitting new all-time highs in November 2021.
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