Crypto markets are under pressure on monday as Bitcoin struggles to reclaim $96,000. Sentiment remains weak amid recent hacks and ETF outflows.
Cryptocurrency | Price |
|
Bitcoin (CRYPTO: BTC) | $94,042.60 | -1.8% |
Ethereum (CRYPTO: ETH) | $2,650.06 | -5.6% |
Solana (CRYPTO: SOL) | $149.96 | -10.1% |
XRP (CRYPTO: XRP) | $2.40 | -5.4% |
Dogecoin (CRYPTO: DOGE) | $0.2219 | -7.7% |
Shiba Inu (CRYPTO: SHIB) | $0.00001423 | -8% |
Notable Statistics:
IntoTheBlock data shows large transaction volume decreasing by 28.3% and daily active addresses falling by 19.9%. Transactions greater than $100,000 are down from 7,980 to 6,703 in a single day. Exchanges netflows are down by 80.7%.
Coinglass data reports 155,297 traders were liquidated in the past 24 hours for $390.87 million.
Crypto chart analyst Ali Martinez noted capital inflows into the crypto market dropping by around 50% in the past 10 days, declining from $52 billion to $26.5 billion.
Notable Developments:
Michael Saylor Presents 'Digital Assets Framework' To SEC Crypto Task Force
Grok 3 Predicts Bitcoin Dominance In 2025, Projects $180,000 Price Target
SEC Drops Investigation Into Robinhood's Crypto Unit
Strategy Acquires 20,356 Bitcoin For $1.99 Billion, Boosts 2025 BTC Yield To 6.9%
Top Losers:
Cryptocurrency | Price | Gains +/- |
Raydium (CRYPTO: RAY) | $3.07 | -26.9% |
Hyperliquid (CRYPTO: HYPE) | $20.58 | -12.7% |
Optimism (CRYPTO: OP) | $1.05 | -10.3% |
Trader Notes: With Bitcoin prices dropping, crypto trader Johnny warns that Bitcoin is entering a critical area, calling it a "bounce or die" moment.
$BTC coming into a critical area here
Bounce or die pic.twitter.com/c5lwL5buzI— Johnny (@CryptoGodJohn) February 24, 2025
Miles Deutscher noted that peaks in the Dollar Index (DXY) have historically preceded BTC rallies, questioning if this is another key turning point.
Crypto trader sees Bitcoin holding key support, suggesting that a reclaim of the blue range—potentially after dipping to $94,327—could pave the way for a move toward $97,000-$98,000.
$BTC
Hanging on for dear life here. But if we can reclaim the blue range (perhaps after tagging 94327) we have a shot at upside into 97, 98k pic.twitter.com/CtG4kQ9ZAQ— CJ (@CJ900X) February 24, 2025
Advising caution, Julio Moreno pointed that out that Bitcoin demand has turned negative for the first time since last September, increasing the risk of further correction.
