Bitcoin Returns To $100,000, Ethereum, XRP, Dogecoin Explode Higher And Are 'Off To The Races,' Trader Says
Bitcoin Returns To $100,000, Ethereum, XRP, Dogecoin Explode Higher And Are 'Off To The Races,' Trader SaCryptocurrency markets are surging on Wednesday as financial markets interpreted freshly-released inflation data as a positive sign for equities. CryptocurrencyPrice Gains +/-Bitcoin BTC/USD$100,135.47+4%Ethereum ETH/USD$3,456.54+7.9%Solana SOL/USD$202.23+8.9%XRP XRP/USD$2.94+11%Dogecoin DOGE/USD$0.3773+7%Shiba Inu SHIB/USD$0.00002235+4.6%Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 25.6% and daily active addresses up by 6%. Transactions greater than $100,000 are down from 10,421 to 10,217 in a single day. Exchanges netflows are down by 132.8%. Coinglass data reports 100,006 traders were liquidated in the past 24 hours for $266.75 million. Notable Developments: EXCLUSIVE: Direxion CEO Predicts Crypto, Commodities Will Take Center Stage Amid Volatility In 2025 Dubai Announces ‘Crypto Tower’ To Host Blockchain Businesses Trump’s Crypto Legislation Will Be A ‘Frankenstein’ Bill Of Mishmash, Says Arthur Hayes — Bitcoin Doesn’t Need Government Support To Flourish SEC Under Trump Administration To Revise Crypto Policies: Report Italy’s Largest Bank Leaps Into Bitcoin Trading With $1 Million ‘Test’ Investment But CEO Says He Doesn’t Invest In BTC Personally Ripple Labs Donates $100K In XRP For California Wildfires Relief, Says Contributions Will Be Doubled Top Gainer: CryptocurrencyPrice Gains +/-Virtuals Protocol VIRTUAL/USD $3.90+31.5%ai16z AI/USD $1.61+25.7%XDC Network XDC/USD $0.1304+23.9%Trader Notes: With Bitcoin prices touching $100,000, CryptoCon provided technical analysis for the crypto king stating that 5.618 extension of the first move of the cycle has had a near-perfect hit rate for all major Bitcoin highs. He sees Bitcoin’s price target at $184,181. The 5.618 extension of the first move of the cycle (candle body & after bear market downtrend) has had a near-perfect hit rate for all major Bitcoin highs.The magic number this cycle… $184,181. pic.twitter.com/p6CgSQTvyB— CryptoCon (@CryptoCon_) January 15, 2025Crypto content creator Michael Pizzino welcomes back $100,000 and expects a higher low, saying “Off to the races.” However, this will need a few days to form if it is to happen right now. Stoic sees Bitcoin having experienced a clean breakout from its value area, followed by a reaction near the high $80,000 and a successful reclaim of the $90,000 level. Currently, a brief period of cooling off is anticipated in the interim, with attention focused on finding spot support on the buyside. A pullback into the high timeframe range would provide an ideal entry point for bulls to step in. Currently, passive spot stacking has been observed between $100,000 and $104,000. If another breakout occurs, the focus will be on spot aggressively chasing bids and absorbing any sell walls. Read Next: Bitcoin Up To $99,000 ‘Is Loving’ Inflation Data Release, XRP, Dogecoin Follow Higher Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.