Bitcoin, Ethereum, Dogecoin Decline, XRP Clinging On As Traders Wargame Bear Market Scenarios
Cryptocurrencies saw another day of bearish price action on Thursday, with only XRP displaying relative strength. CryptocurrencyPrice Gains +/-Bitcoin BTC/USD $80,353.45-3%Ethereum ETH/USD $1,852.08-1.5%Solana SOL/USD $121.79-2.4%XRP XRP/USD $2.24+0.4%Dogecoin DOGE/USD $0.1631-3.7%Shiba Inu SHIB/USD $0.00001190-2.9%Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 10.7% and daily active addresses falling by 5%. Transactions greater than $100,000 are down from 10,766 to 10,064 in a single day. Exchanges netflows are down by 491.8%. Coinglass data reports 81,934 traders were liquidated in the past 24 hours for $209.56 million. Crypto chart analyst Ali Martinez noted that more than 36,000 BTC have been withdrawn from exchanges in the last 96 hours. Notable Developments: Trump Family In Talks To Acquire Stake In Binance As Former CEO Changpeng Zhao Pushes For Pardon Bitcoin Tumbles Around $80,000, Experts See $60,000 Floor If BTC, ETH, XRP Continue Downtrend Binance CEO Richard Teng Hails Donald Trump’s Bitcoin Reserve, XRP, Ethereum, Solana Digital Asset Stockpile Bitcoin Miners Ride The BTC Boom, But Costs Tell A Different Story: JPMorgan Analyst Top Gainers: CryptocurrencyPrice Gains +/-Sonic (prev. FTM) (CRYPTO: S)$0.4742+7.8%Stellar XLM/USD$0.2702+4.9%BNB BNB/USD$578.06+1.7%Trader Notes: Crypto trader Ted Pillows noted that Bitcoin has reclaimed $80,000 liquidity. If it holds above this level, a move toward the $87,000 liquidity zone remains possible. In another post, Ted sees Bitcoin holding above its support trendline, similar to 2017 and 2020, suggesting the cycle isn’t over yet. A retest of the $72,000-$74,000 level could occur before a bottom forms, followed by consolidation and then the next leg up. Crypto trader Nebraskangooner explained Bitcoin top is not confirmed unless the weekly closes below $67,250. If that happens and BTC follows historical patterns, key levels below could indicate phases of distribution, accumulation, or an instant reversal, as seen in past bear markets. Titan of Crypto warns that although Bitcoin has not entered a bear market, but it’s important to be prepared for all scenarios. As long as BTC holds current support, the bull market remains intact. #Bitcoin Bear Market Case⚠️ Disclaimer: I'm not saying #BTC has entered a bear market, but we must be ready for any scenario unfolding before our eyes.A break below the blue area (21 EMA – 50 EMA) would drastically increase the probability of a bear market.As long as $BTC… pic.twitter.com/ejV0kr8Hub— Titan of Crypto (@Washigorira) March 13, 2025 Read Next: The Trump Bitcoin Effect: Why Is BTC Performing Worse Compared To Trump’s First 100 Days In 2017? Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.