Bitcoin, Ethereum, XRP, Dogecoin Surge As Trader Eyes $88,000 For BTC To Touch 'New Higher High'

Cryptocurrency markets are trading higher on Tuesday as attention turns to President Trump’s tariff announcements on Wednesday.

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 79.5% and daily active addresses up by 29.5%. Transactions greater than $100,000 are up from 6,309 to 10,147 in a single day. Exchanges netflows are down by 388.9%.
• Coinglass data reports 86,684 traders were liquidated in the past 24 hours for $240.13 million.
• Crypto chart analyst Ali Martinez noted that more than 21,000 Bitcoin have been moved to exchanges in the past 96 hours.

Notable Developments:

• Bitcoin Is In A Mini Bear Market, Says 10x Research
• Crypto Industry Needs To Enforce Ethical Norms, TitanDex CEO Chris Chung Says
• Circle Eyes $5 Billion Valuation For Upcoming Initial Public Offering
• Congressman Buys Up To $600K In Bitcoin ETF After Selling $1 Million In Goldman Sachs Stock: Committee Assignment Could Be Red Flag
• Eric Trump Hails Bitcoin As ‘One Of The Greatest Stores Of Value’
• Bitcoin Is ‘Digital Risk,’ Not ‘Digital Gold,’ Asserts Peter Schiff As Apex Crypto Gets Negatively Correlated With The Yellow Metal
• Iran’s Revolutionary Guard Officers Accused Of Stealing $21 Million In Crypto While Investigating A Corruption Case

Top Losers:

Trader Notes: Crypto trader Jelle notes that Bitcoin is forming its first higher low in over two months.

A breakout above $88,000 would confirm a higher high, shifting the market structure bullish.

Get Started

Trade Bitcoin, Ethereum, and More Instantly — No Wallets, No Hassle

Speculate on price movements, claim up to $200 in bonuses, and start with risk-free paper trading with crypto futures on Plus500.

Get Started

Disclosure: 82% of retail CFD accounts lose money

The key target is reclaiming the low $90,000s, where momentum could accelerate significantly.

Andrew Crypto highlights a critical diagonal resistance for both Bitcoin and Ethereum, suggesting that a clean break could lead to further upside relief.

Crypto trader Ansem expects Bitcoin to bottom in Q2, followed by a sideways range until year-end.

His long-term target stands at $250,000 by 2028.

In the short term, he is cautious, watching key support and resistance between $66,000 and $72,000.

In case a recission hits, the worst-case scenario is $50,000. However, the bearish view gets invalidated if BTC shows high time frame strength above $95,000.

Read Next: 

• Bitcoin Reclaims $84,000: Is The Correction Nearing Its End?

Image: Shutterstock