Bitcoin Reclaims $81,000 as Ethereum, XRP, Dogecoin Gain 2% on Equity Market Rebound
Bitcoin rose 1% on Monday, recovering from a weekend low of $80,000 as equities rebounded.CryptocurrencyTickerPriceBitcoin$81,843.61Ethereum$2,396.97Solana$104.02XRP$1.30Dogecoin$0.07907Shiba Inu$0.054994Notable Statistics:Coinglass data shows 87,503 traders were liquidated in the past 24 hours for $333.58 million. SoSoValue data shows net outflows of $82.4 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $69.7 million.In the past 24 hours, top gainers include Morpho, Arbitrum and LayerZero.Notable Developments:Michael Saylor ‘Found More Room for Orange’ as Strategy Adds 267 BitcoinTrader Notes:Market commentator KillaXBT believes Bitcoin’s messy price action, repeated liquidity hunts and negative sentiment are shaking out traders ahead of a potentially sharp rally.He warned that prolonged consolidation encourages traders to short every bounce, leaving them vulnerable to a sudden reversal that could erase weeks of gains.Key opinion leader Roman Trading remains bullish on Bitcoin, citing strong support above $80,000, bullish higher-timeframe indicators and daily bullish divergences.With Bitcoin consolidating above key support, he expects a potential Q4 rally around the U.S. midterm elections, although he does not necessarily anticipate new all-time highs next month.Trader Exitpump noted that Bitcoin buyers are consistently defending dips below $81,000, absorbing selling pressure and triggering rebounds. Sustained spot buying could trigger a short squeeze and fuel Bitcoin’s next rally.Preview Image: Shutterstock