Bitcoin, Ethereum, XRP, Dogecoin Reverse ‘Red Monday’ on Upbeat Trump News

Bitcoin, Ethereum, XRP, Dogecoin Reverse ‘Red Monday’ on Upbeat Trump News
Bitcoin, Ethereum, XRP, Dogecoin Reverse ‘Red Monday’ on Upbeat Trump News

Cryptocurrency markets reversed a tepid start to the week on news that Donald Trump is reportedly considering signing several crypto-related executive orders on his first day in office.

Cryptocurrency Prix Gains +/-
Bitcoin (CRYPTO: BTC) 94 357 $ -0,1 %
Ethereum (CRYPTO: ETH) 3 117 $ -4,5 %
Solana (CRYPTO: SOL) 181,90 $ -3,3 %
XRP (CRYPTO: XRP) 2,54 $ +0,9 %
Dogecoin (CRYPTO: DOGE) 0,3358 $ -0 %
Shiba Inu (CRYPTO: SHIB) 0,00002108 $ -2,2 %

Notable stats:

  • IntoTheBlock data shows that large transaction volume increased by 9.2% and the number of daily active addresses increased by 6.4%. The number of transactions over $100,000 increased from 7,112 to 6,648 in a single day. Net flows from stock exchanges decreased by 147.8%.
  • Coinglass data indicates that 273,610 traders were liquidated in the last 24 hours amounting to $764.74 million. Long-term liquidations of $587.9 million are a three-week record.
  • Cryptocurrency chart analyst Ali Martinez noted that the Bitcoin network recorded its lowest level of activity since November 2024, with only 667,100 active addresses.
  • In another tweet, we see that the number of large transactions on the Bitcoin network decreased by 51.64% over the last month, from 33,450 to 16,180.

Notable developments:

The biggest losers:

Cryptocurrency Prix Gains +/-
DeXe (CRYPTO: DEXE) 13,57 $ -16 %
Athena (CRYPTO: OTHER) 0,7651 $ -14,5 %
Bitcoin SV (CRYPTO: BSV) 51,36 $ -12,1 %

Analyst Notes: As the price of Bitcoin falls, cryptocurrency trader Jelle has suggested we could be facing a “Red Monday, Green Week.”

In another tweet, he pointed out that Bitcoin’s daily candle is off to a good start, noting that closing above $92,500 would strengthen the likelihood of marking a low.

Cryptocurrency analyst Rekt Capital highlighted the importance of a daily close above around $91,000 to support the $91,000 – $101,000 range and keep the RSI low in the early stage.

Meanwhile, cryptocurrency trader Seth sees $170,000 as a conservative upper target for Bitcoin, within a broader range of $150,000 to $300,000.

This corresponds to historical bull cycles where Bitcoin often outperforms expectations, depending on the influx of liquidity.

Seth added that if $170,000 is considered a starting point, upside potential could be driven by macroeconomic conditions, institutional adoption, or retailer FOMO.

Important factors like halving effects and global liquidity will play a major role in determining how realistic this target is.

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Image : Shutterstock

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