Cryptocurrency markets are trading lower on Thursday, following a significant decline in traditional financial markets.
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 7.5% and daily active addresses falling by 6%. Transactions greater than $100,000 are down from 10,387 to 10,152 in a single day. Exchanges netflows are up by 19.4%.
- Coinglass data reports 194,417 traders were liquidated in the past 24 hours for $527.37 million.
Notable Developments:
- Bitcoin Is A Realistic Global Reserve Asset, Experts Say
- Gold Overtaking Bitcoin In Inflation Hedge Strategy, JPMorgan Says
- Bitcoin, Ethereum, XRP Down Since The Start Of 2025: Would A President Harris Have Been Better For Crypto?
- Bondex Web3 App Surpasses 5M Downloads Amid Growing Interest In Decentralized Career Platforms
- VanEck Moves Closer To US Binance Coin ETF — But Will The SEC Play Ball?
Top Losers:
| Cryptocurrency | Price | Gains +/- |
| Hyperliquid (CRYPTO: HYPE) | $11.45 | -16.3% |
| Berachain (CRYPTO: BERA) | $5.92 | -16.3% |
| Pepe (CRYPTO: PEPE) | $0.056563 | -14.7% |
Trader Notes: Crypto trader Blockchainedbb eyes a swing long entry after Bitcoin reclaims a key level on the weekly.
She expects BTC to stay range-bound before a potential push past $90,000 by late 2025.
Ted Pillows highlights a Bitcoin Hash Ribbon buy signal, a historically bullish indicator that preceded all-time highs in past cycles.
The last three times this signal appeared, BTC surged to a new all-time high. He predicts this could be another major leg up for Bitcoin if history repeats itself.
CryptoCon noted that this Bitcoin cycle is unfolding more gradually, resembling 2015-2017, rather than the explosive bull runs many expected.
Cryptomist sees $80,000 as the next target but warns of a possible liquidity wick before a breakout to more than $90,000.
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