Bitcoin, Ethereum, XRP, Dogecoin Start FOMC Week Sluggish: 'Dips Are Gifts, Resume Up Only,' Trader Says

Major cryptocurrencies are off to a muted start this week as traders brace for the FOMC meeting and key macroeconomic data that could shape the market’s next move.

Notable Statistics:

• IntoTheBlock data shows large transaction volume decreasing by 3.5% and daily active addresses falling by 11.6%. Transactions greater than $100,000 are down from 7,749 to 6,732 in a single day. Exchanges netflows are up by 53.8%.
• Coinglass data reports 76,897 traders were liquidated in the past 24 hours for $224.40 million.

Notable Developments:

• Corporations Will Pour $330 Billion Into Bitcoin By 2029: Bernstein
• Bitcoin’s Key Level Is $96,500, Analyst Warns, But Here’s What Could Trigger A Breakdown
• US Stablecoin Legislation Will Transform Crypto, Says Sui Foundation’s Christian Thompson
• Elizabeth Warren Slams ‘Shady’ Deal Involving Trump Family-Backed USD1 As Democrats Withdraw Support For Senate Crypto Bill (CORRECTED)
• Strategy Acquires 1,895 BTC For $180 Million As Bitcoin ETFs Bounce Back With $1.8 Billion Inflow
• Ripple Commits $25M To US Teachers And Classrooms Via RLUSD Stablecoin

Top Gainers:

Trader Notes: Crypto trader Kaleo remains bullish, calling recent Bitcoin dips "gifts" and reaffirming his "resume up only" stance.

Stockmoney Lizards offered a cautionary take—predicting many will correctly call Bitcoin to $150,000 this cycle but still lose money by overtrading.

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potential retracement to $89,000 aligns with the 61.8% Fibonacci retracement, and the trader urges calm: trust the market structure, don't overreact.

Crypto Bully shared that he took profit and hedged before the current pullback.

He remains unworried unless BTC breaks below $88,000, which coincides with VWAP from the lows, a key fib level, and a high-volume node.

He expects a period of consolidation or slow upward grind heading into the FOMC meeting.

Meanwhile, Roman flagged last week's failure to close above resistance as a warning sign.

The current move looks like a bearish retest, and low volume on both daily and weekly timeframes suggests the uptrend lacks conviction.

Without stronger buying pressure, Roman expects further downside in the short term.

Read Next: 

• Bitcoin Could Hit $450,000, Raoul Pal Says: ‘Don’t Screw This Up’

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