Crypto markets are holding steady, boosted by growing optimism over a potential Federal Reserve rate cut, Arizona's new Bitcoin reserve law, and continued institutional accumulation.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $107,127.27 |
| Ethereum | (CRYPTO: ETH) | $2,426.90 |
| Solana | (CRYPTO: SOL) | $145.86 |
| XRP | (CRYPTO: XRP) | $2.19 |
| Dogecoin | (CRYPTO: DOGE) | $0.1653 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001162 |
Notable Statistics:
- IntoTheBlock data shows Bitcoin and Ethereum large transaction volume increasing by 9% and 12%, respectively. Daily active addresses are up by 12% and 19.6%, respectively.
- Coinglass data shows 76,197 traders were liquidated in the past 24 hours for $169.71 million.
- SoSoValue data shows net inflows of $588.6 million into spot Bitcoin ETFs on Tuesday, while spot Ethereum ETFs saw net inflows of $71.2 million.
Trader Notes: Crypto trader Jelle highlighted Bitcoin's quick recovery after briefly dipping below recent lows. The reclaim of a key resistance level suggests strength, with liquidity clusters just overhead, potentially setting up for a rapid upside move..
On the other hand, Rekt Capital noted Bitcoin is now positioned to break out of its multi-week downtrend. But to confirm a reversal, Bitcoin must close the week solidly above a key diagonal trendline, not just wick above it.
Ted Pillows pointed out that Ethereum is currently holding the range low but must reclaim $2,525 to resume upward momentum toward the range highs.
Ameba observed that Solana's reclaim of the MH level could lead to a short-term surge toward the monthly open. A breakout above that would likely bring strong bullish momentum.
Trader Tardigrade emphasized that Dogecoin continues to respect a long-term weekly support trendline that’s held for over 18 months, suggesting the meme coin remains technically sound.
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