Bitcoin Drops Below $83,000, Ethereum Down 1%, XRP, Dogecoin Plunge 3%
Bitcoin fell back below $83,000 on Monday amid , a stronger dollar and uncertainty ahead of the CryptocurrencyTickerPriceBitcoin$82,418.78Ethereum$2,506.36Solana$107.45XRP$1.36Dogecoin$0.08468Shiba Inu$0.055317Notable Statistics:Coinglass data shows 88,688 traders were liquidated in the past 24 hours for $302.44 million. SoSoValue data shows net inflows of $21.13 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $56.1 million.In the past 24 hours, top losers include Starknet, Cosmos Hub and Aptos.Notable Developments:Standard Chartered Launches RLUSD Custody as XRP Ledger Activity SurgesPeter Schiff ‘Surprised’ by Bitcoin’s Resilience but Expects New LowsBitcoin Will Hit $1M ‘Much Quicker’ Than Anticipated, Binance Founder PredictsBitmine Buys 12,532 More ETH as Tom Lee’s Buying ‘Stop’ Draws CloserStrategy Adds 250 Bitcoin: Can MSTR Break Through $160?Trader Notes:On Scott Melker’s podcast , industry veterans Andy Constan, Dave Weisberger and Mike McGlone highlighted Bitcoin’s repeated failure to break above $86,000 to $87,000, suggesting further consolidation before a potential rally.McGlone warned that elevated Treasury yields and a strong dollar remain major headwinds for Bitcoin and other non-yielding assets.Constan argued that Treasury Secretary Scott Bessent’s efforts to contain long-term yields through bond buybacks and reduced long-term debt issuance could boost asset prices but fuel inflation.He expects Bitcoin to trade sideways rather than stage an immediate explosive 10x rally as it evolves into a reliable store of value.The panel also cited prediction markets pricing a 61% chance of a Democratic sweep of Congress, warning that Republican losses could complicate Trump’s crypto agenda and increase political gridlock.Image: Shutterstock Read Also: Will Bitcoin Hit $500,000 by 2030? Strive CEO Matt Cole Says Maybe