Zinger Key Points
- Global cryptocurrency market capitalization is trading 7.4% lower at $2.86 trillion.
- One trader is curious if this is a higher low relative to last week’s low while another marks $80,000 as key level to hold for bulls.
- Every week, our Whisper Index uncovers five overlooked stocks with big breakout potential. Get the latest picks today before they gain traction.
Crypto markets are pulling back after a strong Sunday as digital asset investment products saw their third consecutive week of outflows, with Bitcoin taking the biggest hit—$2.6 billion in outflows.
Cryptocurrency | Price | Gains +/- |
Bitcoin BTC/USD | $85,736.90 | -8.8% |
Ethereum ETH/USD | $2,119.28 | -15.5% |
Solana SOL/USD | $144.10 | -17% |
XRP XRP/USD | $2.40 | -16.3% |
Dogecoin DOGE/USD | $0.1994 | -14.8% |
Shiba Inu SHIB/USD | $0.00001290 | -14% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 25% and daily active addresses falling by 16.8%. Transactions greater than $100,000 are up from 9,755 to 10,965 in a single day. Exchanges netflows are up by 4.1%.
- Coinglass data reports 195,184 traders were liquidated in the past 24 hours for $672.38 million.
Notable Developments:
- Analysts Doubt US Crypto Reserve Expansion Beyond Bitcoin, Cite Funding Challenges
- Crypto Czar David Sacks Confirms Selling All Bitcoin, Ethereum, Solana Holdings, Denies ‘Large Indirect Holdings’
- Blockchain To Redefine Global Markets In A Decade, Says Pyth Director
- Strategy’s Michael Saylor Calls Crypto Reserve ‘Bullish for Bitcoin’, Predicts $100 Trillion Opportunity
Top Losers:
Cryptocurrency | Price | Gains +/- |
Raydium RAY/USD | $2.20 | -22% |
Ethena ENA/USD | $0.3656 | -21.6% |
Official Trump TRUMP/USD | $12.95 | -20.8% |
Trader Notes: Crypto trader Follis dubbed the recent price action "Sunday pump, Monday dump" as Bitcoin reversed its gains. Ali Martinez noted that the last two times Bitcoin formed a hammer candlestick on the weekly chart, it led to major price rallies.
CJ pointed out that Bitcoin rejecting at the yearly open isn't a great sign, with price re-entering last Wednesday's range. He predicts a move towards $83,000 and warns that for bulls, low $80Ks need to hold as a higher low.
Rekt Capital highlighted Bitcoin's downside deviation, filling the CME gap—potentially setting up a higher low relative to last week's low.
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