Bitcoin, Ethereum, XRP, Dogecoin Turn Green As Trader Warns That 'Decision Time Is Near'
Cryptocurrency markets are recovering on Thursday, with Ethereum leading the rally across altcoins.Cryptocurrency
Ticker
Price
Bitcoin
(CRYPTO: BTC)
$119,157.24
Ethereum
(CRYPTO: ETH)
$3,738.63
Solana
(CRYPTO: SOL)
$189.07
XRP
(CRYPTO: XRP)
$3.23
Dogecoin
(CRYPTO: DOGE)
$0.2399
Shiba Inu
(CRYPTO: SHIB)
$0.00001388
Notable Statistics:
IntoTheBlock data shows Bitcoin's large transaction decreased by 13.4% and daily active addresses grew 6.2%. Exchanges netflows were down by 90.8%. Transactions greater than $100,000 shot up from 10,510 to 11,053.
Coinglass data shows 229,386 traders were liquidated in the past 24 hours for $666.60 million.
The top losers in the past 24 hours include Pump.fun (CRYPTO: PUMP), Fartcoin (CRYPTO: FARTCOIN) and Virtuals Protocol (CRYPTO: VIRTUAL).
Notable Developments:
Remember CryptoPunks? This Public Company Just Traded $5.15 Million Worth Of Stock For A JPEG
Crypto A Gamble Too Rich For Americans? 60% Say 'Never' Despite Bitcoin's All-Time High Moves
Ethereum, XRP Sink While Bitcoin Holds: What's Going On With Altcoins?
Jim Cramer Says He's Buying 'A Lot' Of Bitcoin As Protection Against Spiraling US Debt: 'Worried About My Kids'
Will US Banks Launch Their Own Stablecoins? Bank Of America Says They Might
Trader Notes: Glassnode data shows that Bitcoin's recent surge from $110,000 to $117,000 carved out a low-density accumulation zone, often referred to as an on-chain air gap.
These gaps, while typically thin in volume, have historically served as bottoming zones during corrective phases.
So far, Bitcoin has remained comfortably above its $122,600 all-time high, but if support falters, that air gap could re-emerge as a key demand zone.
Trending: Be part of the breakthrough that could replace plastic as we know it—
Crypto chart analyst Ali Martinez points to tightening Bollinger Bands on the 4-hour Bitcoin chart, signaling that a volatility spike is likely imminent.
He suggests a decisive close beyond the $117,000–$119,700 range could set off the next significant directional move.Daan Crypto Trades also highlighted that Bitcoin is nearing a critical decision point, noting price action has been trapped in a choppy triangle pattern for the last couple of weeks.
He urges to wait for confirmation rather than anticipate the breakout prematurely, to avoid getting whipsawed by indecisive market behavior.
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Image: Shutterstock
This article Bitcoin, Ethereum, XRP, Dogecoin Turn Green As Trader Warns That 'Decision Time Is Near' originally appeared on Benzinga.com
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