Bitcoin, Ethereum, XRP, Dogecoin Gain Momentum Ahead Of Weekend As Bulls Eye Profitable February
Cryptocurrency markets are rising on Thursday, fueled by positive developments in the broader market and a 25-basis point rate cut announced by the European Central Bank. CryptocurrencyPrice Gains +/-Bitcoin BTC/USD $105,646.53 +1.9%Ethereum ETH/USD $3,271.23+4.4%Solana SOL/USD $240.29+2.7%XRP XRP/USD $3.13+1.3%Dogecoin DOGE/USD $0.3344+1.2%Shiba Inu SHIB/USD $0.0000188+1.8%Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 27.9% and daily active addresses up by 1.3%. Transactions greater than $100,000 are up from 10,724 to 10,871 in a single day. Exchanges netflows are down by 204%. Coinglass data reports 86,192 traders were liquidated in the past 24 hours for $248.25 million Glassnode data shows Bitcoin balance on exchanges dropped to 2.7 million BTC from 3.1 million in July 2024. While the drop is usually due to investor withdrawals, the current decline is due to coins moving into ETF custodian wallets. Notable Developments: Bitcoin, Ethereum, Dogecoin, Litecoin Are The Most Popular Cryptos For Online Casinos Bitcoin To Hit Up To $130,000 In The Next Weeks: Standard Chartered ‘Bitcoin Will Not Be Considered For Central Bank Reserves,’ ECB President Christine Lagarde Says El Salvador Changes Bitcoin Law But Legal Tender Status Remains Trump Meme Coin Now Accepted For Merchandise Purchases Top Gainers: CryptocurrencyPrice Gains +/-JasmyCoin JASMY/USD $0.03262+31.6%MANTRA OM/USD $5.66+25.3%DeXe DEXE/USD $20.63+20.4%Trader Notes: Despite Bitcoin prices crossing the $105,000 mark, crypto trader Ali Martinez predicts a sell signal on the 4-hour chart, expecting a price correction. Meanwhile, Crypto Bully observes that Bitcoin is grinding higher on lower volume but is slowing near previous highs with just one day left before the weekend. He advises waiting patiently for major swings. Crypto trader Nachi notes that the FOMC had little impact on the market, as expected. With Trump and central banks continuing to accumulate Bitcoin, he sees this as a Bitcoin-driven season, reinforcing the bullish outlook for February and March. He projects that Bitcoin is in the first wave of wave 3, eyeing a breakout above $110,000 and a push past $120,000 in February. Read Next: Cathie Wood: ‘Bitcoin Is A Completely Different Animal,’ Regulations Are Necessary Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.