Bitcoin, Ethereum, XRP, Dogecoin Start Monday Green As Traders Wonder About 'New Highs Soon'

Crypto markets are rallying on Monday as the S&P 500 is having its best day in two months.

Cryptocurrency	Price	Gains +/-
Bitcoin BTC/USD	$88,253.26	+3.8%
Ethereum ETH/USD	$2,091.79	+4.8%
Solana SOL/USD	$142.75	+9.3%
XRP XRP/USD	$2.46	+2.8%
Dogecoin DOGE/USD	$0.1865	+9.1%
Shiba Inu SHIB/USD	$0.00001359	+5.7%

Notable Statistics:

IntoTheBlock data shows large transaction volume decreasing by 1.6% and daily active addresses falling by 6.4%. Transactions greater than $100,000 are up from 6,288 to 6,350 in a single day. Exchanges netflows are up by 81.2%.
Coinglass data reports 94,659 traders were liquidated in the past 24 hours for $252.68 million. Bitcoin's open interest increased by 9.5% over the past 24 hours, the highest since early March.
Glassnode data shows U.S. spot Bitcoin ETFs breaking their five-week net outflow streak.
TedPillows stated that while Bitcoin whales are buying, retail is scared.

Notable Developments:

Top Gainers:

Cryptocurrency	Price	Gains +/-
FOUR FORM/USD	$2.49	+22.2%
SPX6900 SPX/USD	$0.6146	+20.6%
Berachain BERA/USD	$7.91	+17.2%

Trader Notes: As Bitcoin prices picked up steam, crypto trader Jelle noted In a Bitcoin bull market, dips are natural—but so are new highs. "We got the dip out of the way, time for new highs soon?"

In a #Bitcoin bull market, dips are part of the game – but so are new highs.

We got the dip out of the way, time for new highs soon? pic.twitter.com/CiBV05Zk6v
— Jelle (@CryptoJelleNL) March 24, 2025

The Coin Bureau co-founder Nick Puckrell explained that Bitcoin's upward move is bullish, though it left a CME gap between $84,000-$85,000, which could get filled later.

CryptoCon stated that Bitcoin rebounded as expected from extreme short-term lows. With bearish sentiment high, many will see this as a dead cat bounce—but could the masses be wrong again about a bear market and recession?

Rekt Capital sees Bitcoin testing the 21-Week EMA, trying to reclaim it as support. A successful reclaim could set the stage for a breakout to ~$93,500.

#BTC

Bitcoin is now knocking on the door of the 21-Week EMA (green), trying to reclaim it as support to confirm even more upside

Reclaim the 21-EMA as support and Bitcoin will be able to breakout to ~$93500$BTC #Crypto #Bitcoin https://t.co/pzB0n0ig1a pic.twitter.com/wvAsPpL4Ow
— Rekt Capital (@rektcapital) March 24, 2025

Read Next: