Bitcoin, Ethereum, XRP, Dogecoin Start Monday Green As Traders Wonder About 'New Highs Soon'

Crypto markets are rallying on Monday as the S&P 500 is having its best day in two months.

Notable Statistics:

• IntoTheBlock data shows large transaction volume decreasing by 1.6% and daily active addresses falling by 6.4%. Transactions greater than $100,000 are up from 6,288 to 6,350 in a single day. Exchanges netflows are up by 81.2%.
• Coinglass data reports 94,659 traders were liquidated in the past 24 hours for $252.68 million. Bitcoin's open interest increased by 9.5% over the past 24 hours, the highest since early March.
• Glassnode data shows U.S. spot Bitcoin ETFs breaking their five-week net outflow streak.
• TedPillows stated that while Bitcoin whales are buying, retail is scared.

Notable Developments:

• Tokenization Will Merge Crypto And Equities: Bernstein
• How White House’s April 2 Tariffs Might Jolt Bitcoin Traders
• Crypto Tycoon Joins Forces With Elon Musk’s SpaceX To Launch First Private Space Station
• Bitcoin Could Replace Tesla In ‘Magnificent 7’ To Boost Returns, Reduce Volatility: Standard Chartered

Top Gainers:

Trader Notes: As Bitcoin prices picked up steam, crypto trader Jelle noted In a Bitcoin bull market, dips are natural—but so are new highs. "We got the dip out of the way, time for new highs soon?"

The Coin Bureau co-founder Nick Puckrell explained that Bitcoin's upward move is bullish, though it left a CME gap between $84,000-$85,000, which could get filled later.

CryptoCon stated that Bitcoin rebounded as expected from extreme short-term lows. With bearish sentiment high, many will see this as a dead cat bounce—but could the masses be wrong again about a bear market and recession?

Rekt Capital sees Bitcoin testing the 21-Week EMA, trying to reclaim it as support. A successful reclaim could set the stage for a breakout to ~$93,500.

Read Next: 

• Bitcoin Reserve? No, ‘House Of Doge’ Just Launched A Dogecoin Reserve Valued $1.83 Million

Image: Shutterstock