Bitcoin, Ethereum, XRP, Dogecoin Climb Higher As Inflation Volatility Eases: 'Don't See A Reason To Go Back To Lows,' Trader Says
Crypto markets are stabilizing and trending upward after an initial drop following the higher-than-expected COnsumer Price Inflation report. CryptocurrencyPrice Gains +/-Bitcoin BTC/USD $97,166.74+2.2%Ethereum ETH/USD $2,679.72+3.4%Solana SOL/USD $193.42-1%XRP XRP/USD $2.44+2.7%Dogecoin DOGE/USD $0.2612+4.6%Shiba Inu SHIB/USD $0.00001680+8.4%Notable Statistics: IntoTheBlock data shows large transaction volume increased by 3.2% and daily active addresses grew by 2.6%. Transactions greater than $100,000 are up from 9,866 to 10,487 in a single day. Exchanges netflows are down by 192.3%. Coinglass data reports 142,147 traders were liquidated in the past 24 hours for $310.39 million. IntoTheBlock data points out that the 1.6 million addresses that historically acquired 1.57 million BTC at an average price of 97,200 are now forming a resistance level. It also added that "these holders may sell near their breakeven amid market uncertainty, adding selling pressure and complicating any clear upward breakout." Notable Developments: Coinbase Expected To Post Strong Earnings As Trading Volume Hits Multi-Year High Goldman Sachs Increases Bitcoin ETF Stake Over $1.5 Billion In Q4, Reports A Massive 1793% Jump In Ethereum ETF Holdings Trump To Nominate Ex-CFTC Commissioner Brian Quintenz As Agency Head El Salvador Proved ‘Bitcoin Is Not Destined To Be Money,’ Analyst Says Top Gainers: CryptocurrencyPrice Gains +/-PancakeSwap CAKE/USD $2.63+37.2%Sonic (CRYPTO: S) $0.5459+23.7%Onyxcoin XCN/USD $0.02332+11.3%Trader Notes: With Bitcoin prices resuming uptrend, crypto trader DonAlt predicts its Bitcoin's time to break out. Crypto Chase explained that he is still holding Bitcoin long position from $95,600 after having survived 8 days of chop and the CPI release. He sees prices at local resistance, but traders are looking to take profits higher. The trader moved his stop loss to around $94,000 as local liquidity was swept and demand held, making a return to the lows unlikely. Crypto trader Jelle sees Bitcoin is retesting mini range and a bounce will take it back to 100,000 while Scient highlighted on Bitcoin is showing strength on a bearish news, which is a net positive outlook in the near term. Read Next: Bitcoin, Meme Coins Dominate Crypto, But Other Projects Suffer, Analyst Says Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.