share_log

Bitcoin, Ethereum Slip, XRP, Dogecoin Hold Gains On Slow Wednesday

Benzinga ·  Mar 13 05:03

$Bitcoin (BTC.CC)$ and $Ethereum (ETH.CC)$ struggle to maintain gains, while $XRP (XRP.CC)$ rallies on optimism over the SEC potentially closing its case against Ripple.

Cryptocurrency

Price

Gains +/-

Bitcoin (CRYPTO: $Bitcoin (BTC.CC)$)

$82,997.45

-0.13%

Ethereum (CRYPTO: $Ethereum (ETH.CC)$)

$1,876.24

-3.7%

Solana (CRYPTO: $Solana (SOL.CC)$)

$124.56

-2.1%

XRP (CRYPTO: $XRP (XRP.CC)$)

$2.23

+2.5%

Dogecoin (CRYPTO: $Dogecoin (DOGE.CC)$)

$0.1689

+1.3%

Shiba Inu (CRYPTO: SHIB)

$0.00001229

+0.8%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increasing by 5.2% and daily active addresses falling by 3.4%. Transactions greater than $100,000 are down from 11,844 to 10,766 in a single day. Exchanges netflows are down by 100.9%.

  • Coinglass data reports 97,058 traders were liquidated in the past 24 hours for $281.42 million.

Notable Developments:

  • $Binance Coin (BNB.CC)$ Secures $2 Billion Investment From Abu Dhabi MGX

  • $Rumble (RUM.US)$ Buys Bitcoin: 'A Valuable Hedge Against Inflation'

  • Bitwise Launches ETF Tracking Firms With Over 1,000 Bitcoin

  • $Bitcoin (BTC.CC)$ To Defy Trump Tariffs, Recession Fears, Will Hit $200,000 By End Of 2025: Standard Chartered

  • After Vladimir Putin Said 'Nobody Can Ban Bitcoin', The Bank Of Russia Is Looking To Allow Crypto Purchases

Top Gainers:

Cryptocurrency

Price

Gains +/-

Pi (CRYPTO: PI)

$1.70

+21.5%

Celestia (CRYPTO: TIA)

$3.58

+16%

Story (CRYPTO: IP)

$6.04

+9.7%

Trader Notes: Crypto trader Intuitio argues that Bitcoin has only had a taste of the bull market, while Ethereum never truly experienced one—it was merely in an echo bubble that has now deflated.

With BTC retesting its previous all-time high, he believes the claim that "the bull run hasn't even begun" may hold weight.

Jelle sees bears still in control, noting that Monday's highs were swept, followed by a lower low after a series of higher lows.

He warns that when bearish setups play out cleanly, there's no reason to chase short-term upside—instead, patience is key.

Moustache aka El Crypto Prof points out that the last time the S&P 500's daily RSI was this low, Bitcoin rallied over 300% afterward. With both $Bitcoin (BTC.CC)$ and the $S&P 500 Index (.SPX.US)$ touching a key trendline, he believes this could be a bullish signal.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment