Bitcoin, Ethereum, Dogecoin Flat as XRP Jumps 2%: Traders Call BTC Pullback 'Normal'
Bitcoin traded sideways around $78,000 as investors awaited key U.S. inflation data and the Federal Reserve’s upcoming policy decision.CryptocurrencyTickerPriceBitcoin$78,498Ethereum$2,484Solana$103.36XRP$1.42Dogecoin$0.09004Shiba Inu(CRYPTO: SHIB)$0.055436Notable Statistics:Coinglass data shows 83,668 traders were liquidated in the past 24 hours for $255.54 million. SoSoValue data shows net inflows of $174.6 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $26.46 million.In the past 24 hours, top gainers include Venice Token, Aerodrome Finance and Injective.Notable Developments:Robinhood Expands Prediction Markets Push With Crypto.com, OG DealWhy Bitcoin’s Structure Is Promising but $83,000 Remains the Key LevelBitcoin, Ethereum Are Set for a ‘Money Printing Bonanza,’ Arthur Hayes SaysBitmine Buys 28,086 ETH for $69.5 Million: Is $27 Next for BMNR?Forget XRP, Privacy Coins Are the 2026 Standout Trade—One Is Up 2,400%Strategy’s ‘We’re Back’ Bitcoin Buy Was a One-Week Thing: What’s Going On?Tesla’s 2021 Bitcoin Bet: What Is It Worth Today?CLARITY Act Is a ‘Powerful Package’ Ahead of Key Vote Next Week, Coinbase Exec SaysTrader Notes:Daan Crypto Trades said Bitcoin rebounded strongly after a liquidity grab, but open interest remains elevated. He sees $79,000 as a key level that could trigger a short squeeze.Benjamin Cowen noted Bitcoin pullbacks around golden crosses are normal.The key signal is what follows, a higher high above the 50-week SMA could confirm the bear market is over, while rejection and a lower high could signal another Q4 low.Trader exitpump expects Bitcoin to chop and slowly bleed until it reclaims $84,000, like 2023. They are targeting a long in the low-$77,000s and avoiding entries above $78,000.Image: Shutterstock