February 23, 2025
Bitcoin, Ethereum, XRP, Dogecoin Slide: BTC’s ,000 Sweep Feels Like Hell For Altcoins But A Glorious Rebound Awaits – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)
 #CriptoNews

Bitcoin, Ethereum, XRP, Dogecoin Slide: BTC’s $80,000 Sweep Feels Like Hell For Altcoins But A Glorious Rebound Awaits – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC) #CriptoNews

Financial Insights That Matter

Cryptocurrency markets are trading lower despite bullish catalysts, including rising institutional investment and Texas’ Strategic Bitcoin Reserve proposal.

Cryptocurrency Price Gains +/-
Bitcoin BTC/USD $94,100.04 -1.8%
Ethereum ETH/USD $2,637.93 -3.7%
Solana SOL/USD $166.02 -7.3%
XRP XRP/USD $2.51 -5.5%
Dogecoin DOGE/USD $0.2472 -4.3%
Shiba Inu Shib / USD $0.00001511 -3.6%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increasing by 14.5% and daily active addresses grew by 22.3%. Transactions greater than $100,000 are up from 6,580 to 9,049 in a single day. Exchanges netflows are down by 127%.
  • Coinglass data reports 140,769 traders were liquidated in the past 24 hours with the total liquidations comes in at $335.77 million.

Notable Developments:


Top Losers:

Cryptocurrency Price Gains +/-
Jupiter Jup/USD $0.7133 -12.5%
Protocol virtual VIRTUAL/USD $1.00 -12.5%
Raydium RAY/USD $4.14 -11%

Trader Notes: With Bitcoin dropping below $95K, he warns a dip to $80,000 will feel like hell for alts, but the rebound should be explosive. He urges traders to stay strong as bull season approaches.

Crypto chart analyst Ali Martinez highlighted a supply wall of 1.88 million BTC at $97,000 and support at $94,500 backed by 695,000 BTC, suggesting this imbalance could dictate Bitcoin’s next move.

Crypto Trader DonAlt sees “same old, same old” market conditions but notes Bitcoin’s strength despite broader weakness, saying he’s not worried about the crypto king.

ShardiB2 observes Bitcoin’s first support test and based on daily RSI, expects a drop to $89,000, though it could get front-run at $91,000.

Read Next:

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