Bitcoin, Ethereum, XRP, Dogecoin Start FOMC Week Sluggish: 'Dips Are Gifts, Resume Up Only,' Trader Says
Major cryptocurrencies are off to a muted start this week as traders brace for the FOMC meeting and key macroeconomic data that could shape the market’s next move.CryptocurrencyPrice Gains +/-Bitcoin BTC/USD$94,789.50-0.6%Ethereum ETH/USD$1,823.86-0.2%Solana SOL/USD$146.88-0.01%XRP XRP/USD$2.15-0.6%Dogecoin DOGE/USD$0.1722+0.2%Shiba Inu SHIB/USD$0.00001284+1.3%Notable Statistics:IntoTheBlock data shows large transaction volume decreasing by 3.5% and daily active addresses falling by 11.6%. Transactions greater than $100,000 are down from 7,749 to 6,732 in a single day. Exchanges netflows are up by 53.8%. Coinglass data reports 76,897 traders were liquidated in the past 24 hours for $224.40 million. Notable Developments:Corporations Will Pour $330 Billion Into Bitcoin By 2029: Bernstein Bitcoin’s Key Level Is $96,500, Analyst Warns, But Here’s What Could Trigger A Breakdown US Stablecoin Legislation Will Transform Crypto, Says Sui Foundation’s Christian Thompson Elizabeth Warren Slams ‘Shady’ Deal Involving Trump Family-Backed USD1 As Democrats Withdraw Support For Senate Crypto Bill (CORRECTED) Strategy Acquires 1,895 BTC For $180 Million As Bitcoin ETFs Bounce Back With $1.8 Billion Inflow Ripple Commits $25M To US Teachers And Classrooms Via RLUSD Stablecoin Top Gainers:CryptocurrencyPrice Gains +/-Four FORM/USD$2.57+16.5%Core CORE/USD$0.7388+11.8%Bittensor TAO/USD$378.01+9%Trader Notes: Crypto trader Kaleo remains bullish, calling recent Bitcoin dips "gifts" and reaffirming his "resume up only" stance.Stockmoney Lizards offered a cautionary take—predicting many will correctly call Bitcoin to $150,000 this cycle but still lose money by overtrading. potential retracement to $89,000 aligns with the 61.8% Fibonacci retracement, and the trader urges calm: trust the market structure, don't overreact.Crypto Bully shared that he took profit and hedged before the current pullback. He remains unworried unless BTC breaks below $88,000, which coincides with VWAP from the lows, a key fib level, and a high-volume node. He expects a period of consolidation or slow upward grind heading into the FOMC meeting.Meanwhile, Roman flagged last week's failure to close above resistance as a warning sign. The current move looks like a bearish retest, and low volume on both daily and weekly timeframes suggests the uptrend lacks conviction. Without stronger buying pressure, Roman expects further downside in the short term.Read Next: Bitcoin Could Hit $450,000, Raoul Pal Says: ‘Don’t Screw This Up’ Image: ShutterstockMarket News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.