Bitcoin, Ethereum, XRP, Dogecoin Start Monday Green As Traders Wonder About 'New Highs Soon'
Crypto markets are rallying on Monday as the S&P 500 is having its best day in two months. CryptocurrencyPrice Gains +/-Bitcoin BTC/USD$88,253.26+3.8%Ethereum ETH/USD$2,091.79+4.8%Solana SOL/USD$142.75+9.3%XRP XRP/USD $2.46+2.8%Dogecoin DOGE/USD $0.1865+9.1%Shiba Inu SHIB/USD $0.00001359+5.7%Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 1.6% and daily active addresses falling by 6.4%. Transactions greater than $100,000 are up from 6,288 to 6,350 in a single day. Exchanges netflows are up by 81.2%. Coinglass data reports 94,659 traders were liquidated in the past 24 hours for $252.68 million. Bitcoin's open interest increased by 9.5% over the past 24 hours, the highest since early March. Glassnode data shows U.S. spot Bitcoin ETFs breaking their five-week net outflow streak. TedPillows stated that while Bitcoin whales are buying, retail is scared. Notable Developments: Tokenization Will Merge Crypto And Equities: Bernstein How White House’s April 2 Tariffs Might Jolt Bitcoin Traders Crypto Tycoon Joins Forces With Elon Musk’s SpaceX To Launch First Private Space Station Bitcoin Could Replace Tesla In ‘Magnificent 7’ To Boost Returns, Reduce Volatility: Standard Chartered Top Gainers: CryptocurrencyPrice Gains +/-FOUR FORM/USD $2.49+22.2%SPX6900 SPX/USD $0.6146+20.6%Berachain BERA/USD $7.91+17.2%Trader Notes: As Bitcoin prices picked up steam, crypto trader Jelle noted In a Bitcoin bull market, dips are natural—but so are new highs. "We got the dip out of the way, time for new highs soon?" The Coin Bureau co-founder Nick Puckrell explained that Bitcoin's upward move is bullish, though it left a CME gap between $84,000-$85,000, which could get filled later. CryptoCon stated that Bitcoin rebounded as expected from extreme short-term lows. With bearish sentiment high, many will see this as a dead cat bounce—but could the masses be wrong again about a bear market and recession? Rekt Capital sees Bitcoin testing the 21-Week EMA, trying to reclaim it as support. A successful reclaim could set the stage for a breakout to ~$93,500. Read Next: Bitcoin Reserve? No, ‘House Of Doge’ Just Launched A Dogecoin Reserve Valued $1.83 Million Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.