Cryptocurrency markets are trading sideways on Monday, following a strong previous week that saw Bitcoin reclaim the $94,000 level.
Notable Statistics:
- IntoTheBlock data shows large transaction volume up by 6.2% and daily active addresses down by 0.7%.
- Coinglass data reports 115,648 traders were liquidated in the past 24 hours for $271.87 million.
Notable Developments:
- Bitcoin Could Hit $120,000 In Q2, Says Standard Chartered’s Geoff Kendrick
- SEC Approves ProShares XRP Futures ETFs: XRP Price Surges Ahead Of Launch
- XRP Is The Top Altcoin Bet: 10x Research
- Pudgy Penguins Coin PENGU Outperforms Dogecoin, Shiba Inu With 123% Weekly Gain
- Watch This Bitcoin Indicator To Know If A Run To $100,000 Is Coming
Top Gainers:
Trader Notes: Prominent trader “Inmortal” says the most likely scenario for Bitcoin, in case it holds the $90,000 level, is a period of sideways trading, followed by another uptrend in June.
Trader Jelle opines that as long as Bitcoin holds above $94,000, it could test the $100,000 level in the next days.
Prominent analyst Kevin highlighted the golden pocket level around $95,300 as a key resistance to be overcome. Bitcoin has been trading around this level for several days.
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