Cryptocurrency markets are trading sideways on Monday amid ongoing tariff uncertainty.
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 2% and daily active addresses down by 6%.
- Coinglass data reports 162,000 traders were liquidated in the past 24 hours for $380.80 million.
Notable Developments:
- Why Stablecoins Are The US Dollar’s Overlooked Advantage
- XRP Spikes 13% In 7 Days: What Is Going On?
- Bitcoin Surges Back To $85,000: What Does The Technical Analysis Show?
- Strategy Adds 3,459 Bitcoin Despite Q1 Losses, Holds 2.5% Of BTC Supply
Top Gainers:
Trader Notes: Prominent trader Crypto Kaleo expects Bitcoin dominance to peak soon, which would spark a rally in altcoins compared to Bitcoin.
Analyst Altcoin Sherpa has bad news for Ethereum investors, stating that “you shouldn’t long this coin” until it shows strength. He does not expect a reversal any time soon and expects Ethereum to hit 2019 levels on the Bitcoin trading pair.
Trader Cold Blooded shiller highlights $87,000 as a key level for a “significant change in market momentum,” which would provide the “simplest, cleanest long setup in two months.”
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