
Bitcoin, Ethereum, XRP, Dogecoin Hold Gains As Crypto ETF Inflows Continue

Crypto markets are stable, supported by optimism over a potential Federal Reserve rate cut and institutional accumulation. Bitcoin and Ethereum see increased transaction volumes and active addresses. Spot Bitcoin ETFs had net inflows of $588.6 million, while Ethereum ETFs saw $71.2 million. Traders note Bitcoin's recovery and potential breakout, while Ethereum needs to reclaim $2,525 for upward momentum. Dogecoin remains technically sound, respecting a long-term support trendline.
Crypto markets are holding steady, boosted by growing optimism over a potential Federal Reserve rate cut, Arizona's new Bitcoin reserve law, and continued institutional accumulation.
Notable Statistics:
- IntoTheBlock data shows Bitcoin and Ethereum large transaction volume increasing by 9% and 12%, respectively. Daily active addresses are up by 12% and 19.6%, respectively.
- Coinglass data shows 76,197 traders were liquidated in the past 24 hours for $169.71 million.
- SoSoValue data shows net inflows of $588.6 million into spot Bitcoin ETFs on Tuesday, while spot Ethereum ETFs saw net inflows of $71.2 million.
Trader Notes: Crypto trader Jelle highlighted Bitcoin's quick recovery after briefly dipping below recent lows. The reclaim of a key resistance level suggests strength, with liquidity clusters just overhead, potentially setting up for a rapid upside move..
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On the other hand, Rekt Capital noted Bitcoin is now positioned to break out of its multi-week downtrend. But to confirm a reversal, Bitcoin must close the week solidly above a key diagonal trendline, not just wick above it.
Ted Pillows pointed out that Ethereum is currently holding the range low but must reclaim $2,525 to resume upward momentum toward the range highs.
Ameba observed that Solana's reclaim of the MH level could lead to a short-term surge toward the monthly open. A breakout above that would likely bring strong bullish momentum.
Trader Tardigrade emphasized that Dogecoin continues to respect a long-term weekly support trendline that’s held for over 18 months, suggesting the meme coin remains technically sound.
- Anthony Pompliano’s ProCap Buys Over 3,700 Bitcoin—What’s Driving The Aggressive Bet?
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