Bitcoin Holds Near $113,000 As Ethereum, XRP, Dogecoin Extend Gains

Cryptocurrency markets are trading higher after lower-than-expected producer price inflation data.

Notable Statistics:

• Coinglass data shows 139,026 traders were liquidated in the past 24 hours for $244.78 million.  
• In the past 24 hours, top gainers include Pump. Fun (CRYPTO: PUMP), Mantle (CRYPTO: MNT) and Avalanche (CRYPTO: AVAX).

Notable Developments:

• Vivek Ramaswamy’s Strive To Board The Bitcoin Treasury Company With $1.5 Billion Raise
• Bitcoin Braces For Fed Decision As Polymarket Traders Bet On A 0.25% Cut
• Kraken Lets Europeans Trade Tokenized US Stocks Without Brokers Or Extra Fees
• Metaplanet Secures $1.45 Billion Capital Raise, Nets $30 Million Investment From KindlyMD Subsidiary Nakamoto
• Dogecoin Eyes ‘Impressive Rally’ On DOJE ETF Launch, But There’s Reason To Be Cautious

Trader Notes: Stockmoney Lizards sees Bitcoin attempting to break out of an inverted head and shoulders pattern, a setup that could fuel a strong Q4 rally.

Matthew Hyland pointed to Bitcoin's monthly Bollinger Bands, now showing the tightest compression in 15 years, signaling the potential for a historic move.

Michael van de Poppe noted Bitcoin's break above key resistance and the 20-day MA, with cooler PPI data boosting expectations of rate cuts and setting up altcoin outperformance.

Ted Pillows cautioned that with 88% of Bitcoin supply in profit, the market is nearing a zone that has historically triggered corrections.

Read Next:

• Bitcoin Taps $114,000 Following Producer Price Inflation Data: Can This Rally Continue?

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