Bitcoin is seeing a solid start to the week, tapping the $114,000 mark on Monday as altcoins notably underperform the crypto king.
Notable Statistics:
Coinglass data shows 119,951 traders were liquidated in the past 24 hours for $416.34 million. In the past 24 hours, top losers include MemeCore (CRYPTO: M), Plasma (CRYPTO: XPL) and Pump. fun (CRYPTO: PUMP).
Notable Developments:
XRP, Solana, Dogecoin ETF Filings Withdrawn As SEC Initiates Shift: Bullish Or Bearish? BitMine Jumps 5% As Ethereum Treasury Surges Past 2.65 Million ETH Bitcoin Reclaims $114,000, But Why Does The Fear & Greed Index Show ‘Fear’? Bitcoin Pops To $114,000 As Strategy Expands BTC Treasury To $47 Billion REX Shares Drops Three ETFs To Bet Big On Bitcoin Mining, AI Cloud, Stablecoins SOL Up 3% But $34M Solana Outflows Raise Alarms Ahead Of ETF Decision
Trader Notes: IncomeSharks noted that Bitcoin shook off last week’s bearish sentiment, reclaimed support, and is now forming a clean double bottom setup.
Stockmoney Lizards highlighted Bitcoin’s MVRV Z-Score, signaling upside potential. He expects a retest before a likely Q4 pump, suggesting room for the market to run.
Michael van de Poppe observed that Bitcoin holding above the 20-Week MA after a corrective week led to a strong upward bounce. He sees this as a possible low for a big breakout ahead.
Ted Pillows pointed out that while open interest jumped by $2 billion today, leverage is building. He notes this could bring volatility and is curious about Bitcoin’s reaction to this setup.
Read Next:
Bitcoin Underperforms Ethereum By 60% In Q3: Which Coin WIll Perform Better In Q4?
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$BTCBitcoin – United States dollar$114146.031.74%Overview$DOGEDogecoin – United States dollar$0.2340-1.44%$ETHEthereum – United States dollar$4180.960.89%$SHIBShiba Inu – United States dollar$0.000012-0.67%$SOLSolana – United States dollar$212.250.64%$XRPRipple – United States dollar$2.890.69%Market News and Data brought to you by Benzinga APIs
