Bitcoin, Ethereum, XRP, Dogecoin Dip As Markets Await FOMC: 'Don't Get Fooled With Ongoing Correction,' Trader Says

Cryptocurrency markets are trending lower on Tuesday as investors brace for tomorrow's FOMC meeting.

Cryptocurrency	Price	Gains +/-
Bitcoin BTC/USD	$82,037.14	-3.1%
Ethereum ETH/USD	$1,903.81	-2.1%
Solana SOL/USD	$123.88	-5%
XRP XRP/USD	$2.25	-4.8%
Dogecoin DOGE/USD	$0.1657	-5.7%
Shiba Inu SHIB/USD	$0.00001242	-5%

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 32.6% and daily active addresses growing by 16.1%. Transactions greater than $100,000 are up from 6,332 to 9,291 in a single day. Exchanges netflows are down by 426.1%.
• Coinglass data reports 110,223 traders were liquidated in the past 24 hours for $209.24 million.
• Crypto trader Ted Pillows noted that long-term holders purchased 167,000 BTC worth $13.9 billion. He believes Bitcoin will follow gold.

Notable Developments:

• What Will Happen To Bitcoin Prices If Donald Trump And Vladimir Putin Agree On A Ceasefire In Ukraine?
• Bitcoin Meanders Around $82,000 As ETFs Net $275 Million In Inflows
• Strategy Announces $500 Million STRF Preferred Stock Offering To Boost Bitcoin Investments
• Peter Schiff Pushes His Own Bitcoin NFTs To Mark Gold Highs: ‘Far More Scarce Than BTC’
• Bitcoin Is ‘Past The Bull Cycle Peak,’ Top Analyst Warns

Top Losers:

Cryptocurrency	Price	Gains +/-
Pi PI/USD	$1.12	-16.2%
Berachain BERA/USD	$5.89	-11.9
Celestia TIA/USD	$3.17	-8.8%

Trader Notes: Stockmoney Lizards sees the current dip as a normal correction in a bull market and cautions traders not to be misled. He expects BTC to break $108,000 within weeks or months.

#Bitcoin

Ongoing correction in a bull market. Don't get fooled. We will break the 108k ATH within a couple of weeks / few months. pic.twitter.com/kxcGLdIZVm

— Stockmoney Lizards (@StockmoneyL) March 18, 2025

CrediBULL Crypto notes Bitcoin is ranging between support and resistance, while forming a higher timeframe bottom, with price action remaining choppy as it awaits a breakout.

Crypto trader Roman highlights that BTC's 4-hour chart aligns with his plan to see $70,000 tested as weekly support before any short-term upside.

He warns a drop below $80,000 could lead to a swift decline and believes the market is waiting on the FOMC for direction.  

Crypto Raven points to a gap between Bitcoin's price and Global M2 growth, historically a correlated metric. He sees this as a sign BTC is due for a catch-up rally toward at least $100,000, stating, "The bull market is far from over."

These two charts are of Global Monetary Supply M2 vs BTC price. They are usually proportionally related. But in the recent times, we see a gap. BTC price hasn't caught up to it. This indicates we are due for a $BTC price rush and that could be at least to 100K.

Bull market is… pic.twitter.com/nlF2VF43ve

— Crypto Raven (@hiRavenCrypto) March 18, 2025

Read Next: 

• Bitcoin Remains Stuck In The Low $80,000s: What Does Technical Analysis Say?

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