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.

Cryptocurrency	Price	Gains +/-
Bitcoin BTC/USD	$85,082.96	+2%
Ethereum ETH/USD	$1,905.15	+3.3%
Solana SOL/USD	$126.83	+0.6%
XRP XRP/USD	$2.13	+0.6%
Dogecoin DOGE/USD	$0.1720	+2.6%
Shiba Inu SHIB/USD	$0.00001274	+1.9%

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:

Cryptocurrency	Price	Gains +/-
DeXe DEXE/USD	$13.62	-24.6%
Story IP/USD	$4.71	-6.5%
Four FORM/USD	$2.26	-5.2%

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.

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

#Bitcoin is forming its first higher low in over 2 months.

Clear $88,000 for a new higher high – and market structure flips back to bullish.

Key objective remains reclaiming the low 90k region.

Above there; all bets are off. pic.twitter.com/ADYDVEVh8O

— Jelle (@CryptoJelleNL) April 1, 2025

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?

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