Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Khyathi Dalal

Bitcoin, Ethereum, XRP, Dogecoin Start Monday Flat As Traders Hope For Bullish July

Usdc,Usd,Coin,Stablecoin,Cryptocurrency,Golden,Coin,In,Hand,Abstract

Cryptocurrency markets are trading flat on Monday morning, with the Fear and Greed Index at a neutral 52, according to data by CoinMarketCap.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $107,795.52
Ethereum (CRYPTO: ETH) $2,461.70
Solana (CRYPTO: SOL) $150.49
XRP (CRYPTO: XRP) $2.17
Dogecoin (CRYPTO: DOGE) $0.1650
Shiba Inu (CRYPTO: SHIB) $0.00001146

Notable Statistics:

  • IntoTheBlock data shows Bitcoin and Ethereum large transaction volume decreased by 7% and 11.5%, respectively. Daily active addresses for BTC and ETH were down by 10.5% and 2.4%, respectively.
  • Coinglass data shows 84,098 traders were liquidated in the past 24 hours for $208.35 million.
  • SoSoValue data shows net inflows of $501.27 million into spot Bitcoin ETFs on Friday, while spot Ethereum ETFs saw net outflows of $77.45 million.

Trader Notes: Crypto trader Jelle highlighted that Bitcoin is just hours away from securing a record-breaking monthly close. After taking out January's highs last month, BTC retested and held them this month, setting the stage for a potentially more bullish July.

Trader Posty said Bitcoin remains in a consolidation range, dubbed "summer chop season," between $98,000 and $110,000. A close below $98,000 would signal bearish structure, while a breakout above $110,000 would confirm entry into new price discovery territory.

Despite the sideways action, BTC just posted its second-highest weekly candle close ever. Posty says bears are ignoring the underlying bullish strength and may soon face the consequences.

Crypto trader Coinvo sees Ethereum following a classic Wyckoff accumulation pattern. If the structure holds, ETH is likely gearing up for a major breakout and new highs in the near term.

Rose Premium Signals noted XRP is consolidating in a bullish pennant just under a multi-year supply zone. With the SEC lawsuit finally resolved, sentiment is shifting. A confirmed breakout could trigger a run toward the $5 mark.

Crypto Rand pointed to Solana breaking above its long-term downtrend resistance. If SOL can now reclaim and hold the $161 level, it would confirm a full bullish reversal, opening the door to stronger momentum.

Read Next:

Image: Shutterstock

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.