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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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