Bitcoin, Ethereum, XRP, Dogecoin Reverse 'Red Monday' On Bullish Trump News
Bitcoin, Ethereum, XRP, Dogecoin Reverse 'Red Monday' On Bullish Trump NewsCryptocurrency markets reversed a weak start to the week on news that Donald Trump reportedly plans signing sseveral crypto-related executive orders on his first day in office. CryptocurrencyPrice Gains +/-Bitcoin BTC/USD $94,357-0.1%Ethereum ETH/USD $3,117-4.5%Solana SOL/USD $181.90-3.3%XRP XRP/USD $2.54+0.9%Dogecoin DOGE/USD $0.3358-0.0%Shiba Inu SHIB/USD $0.00002108-2.2%Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 9.2% and daily active addresses up by 6.4%. Transactions greater than $100,000 are down from 7,112 to 6,648 in a single day. Exchanges netflows are down by 147.8%. Coinglass data reports 273,610 traders were liquidated in the past 24 hours for $764.74 million. Long liquidations of $587.9 million came in at a three-week high. Crypto chart analyst Ali Martinez noted Bitcoin network activity having fallen to its lowest level since November 2024, with just 667,100 active addresses. In another tweet, he sees number of large transactions on the Bitcoin network has decreased by 51.64% over the past month, dropping from 33,450 to 16,180. Notable Developments: Tether To Relocate Headquarters To El Salvador Bitcoin’s 2024 Revolution: ETPs Double Crypto Market Cap, Big Winners Emerge Jamie Dimon Says He’s Not Against Blockchains But Trades Guns On Bitcoin Again—It Has No Intrinsic Value: ‘I Just Don’t Feel Great About…’ Donald Trump Jr. Joins Kalshi Prediction Market As Strategic Advisor MicroStrategy Acquires 2,530 Bitcoin For $243M, Reaching 450,000 BTC In Total Holdings Top Losers: CryptocurrencyPrice Gains +/-DeXe DEXE/USD $13.57-16%Ethena ENA/USD $0.7651-14.5%Bitcoin SV BSV/USD $51.36-12.1%Trader Notes: With Bitcoin prices dropping, crypto trader Jelle suggested it could be a "Red Monday, green week." In another tweet, he highlighted that Bitcoin's daily candle is shaping up well, noting that a close above $92,500 would increase the likelihood of marking a bottom. Crypto trader Rekt Capital emphasized the importance of a daily close above ~$91,000 to sustain the $91,000-$101,000 range and preserve the early-stage higher low on the RSI. Meanwhile, crypto trader Seth views $170,000 as a conservative Bitcoin top target within a broader $150,000-$300,000 range. This aligns with historical bull cycles where Bitcoin often overshoots expectations, depending on liquidity influx. Seth added that if $170,000 is treated as a baseline, there's potential for further upside driven by macro conditions, institutional adoption, or retail FOMO. Key factors like halving effects and global liquidity will play a major role in determining how realistic this target is. Read Next: Bitcoin’s Big Macro Data Week: Here’s What To Watch Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.