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Cryptocurrency markets are down on Monday after Bitcoin peaked above $105,000 in early trading hours.
Cryptocurrency | Price | Gains +/- |
Bitcoin (CRYPTO: BTC) | $102,002.91 | -2.5% |
Ethereum (CRYPTO: ETH) | $2,459.63 | -2% |
Solana (CRYPTO: SOL) | $170.91 | -1% |
XRP (CRYPTO: XRP) | $2.48 | -4.7% |
Dogecoin (CRYPTO: DOGE) | $0.2274 | -1.9% |
Shiba Inu (CRYPTO: SHIB) | $0.00001542 | -3.6% |
Notable Statistics:
Notable Developments:
Top Gainers:
Cryptocurrency | Price | Gains +/- |
Dogwifhat (CRYPTO: WIF) | $1.11 | +23.8% |
Four (CRYPTO: FORM) | $2.78 | +17.6% |
XRP (CRYPTO: XRP) | $2.48 | +4.6% |
Trader Notes: Altcoin Sherpa remains bullish on Bitcoin long-term but warns of a likely pullback in the short term, though the timing and depth remain unclear.
Voicing a similar opinion, Sherpa advised that if anyone is looking to buy Bitcoin for long-term positions and aren’t very active, it’s probably best to wait for a dip, potentially to the low to mid $90,000s.
ShardiB2 points to $103,400 as a critical daily close level. A close above would invalidate a potential local top, but advises caution for longs at current levels, noting higher time frame signals are more reliable.
Meanwhile, Kaleo speculates whether Bitcoin is positioning itself for a massive upside scenario, potentially spiking to $520,000 in the longer term.
The Cryptomist sees Bitcoin CME gap having been filled, and the user now expects BTC to move toward $108,000. Altcoins are anticipated to follow the upward move.
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