Bitcoin, Ethereum, Dogecoin Continue Sideways: 'A Few More Months Of BTC Chop Season,' Warns Trader
Cryptocurrency markets saw more sideways trading to close out the week, with inflation data failing to ignite a rally. Prices as of 4 p.m. ET: CryptocurrencyPriceGains +/-Bitcoin BTC/USD$67,640-0.9%Ethereum ETH/USD$3,780+1.1%Solana SOL/USD$166.15-0.5%Dogecoin DOGE/USD$0.159-0.4%Shiba Inu SHIB/USD$0.0000255-1.3%Notable Statistics: Liquidations decreased by 15% to over $130 million over the past 24 hours. Trading volume was down by 5% over the same time frame. Notable Developments: Bitcoin Price After The Latest Inflation Data Could Follow These 2 Scenarios, Says Veteran Trader Crypto Maturity Puts Pressure On Coinbase Trading Revenue Ethereum Could Hit $10K By Year-End, Says Analyst Signaling ‘Significant Bullish Move’ Is It Time To Buy Bitcoin Mining Stocks? Donald Trump’s Crypto Wallet Grows By $500K In Value Following Trial Top Gainers: CryptocurrencyPriceGains +/–Lido LDO/USD$2.53+8%Beam BEAM/USD$0.02853+7.5%Pepe PEPE/USD$0.00001507+4.5%Trader Notes: Veteran trader Shardi B sees more “chop,” warning traders that sideways price action could continue for several months ahead. It's clear $BTC chop szn is upon usI think we are all tired of trying to catch these breakouts only to watch them fail on usA few more month of this probably… Maybe best to just buy and hold and enjoy life for a few months while not getting chopped up?— Don't follow Shardi B if you hate Crypto (@ShardiB2) May 31, 2024Loma Crypto complained that the “current cycle” is “boring.” “At least in the last cycles, I can pretend to be interested the greater good of finance,” the user added. What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19. Photo: Shutterstock © 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.