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Bitcoin Steady At $114,000 While Ethereum, XRP, Dogecoin Push Higher

Bitcoin is seeing a solid start to the week, tapping the $114,000 mark on Monday as altcoins notably underperform the crypto king.

CryptocurrencyTickerPriceBitcoinBTCEthereumETHSolanaSOLXRPXRPDogecoinDOGEShiba InuSHIB
(CRYPTO: )$114,093.74(CRYPTO: )$4,176.10(CRYPTO: )$211.78(CRYPTO: )$2.88(CRYPTO: )$0.2339(CRYPTO: )$0.00001190

Notable Statistics:

  • Coinglass data shows 119,951 traders were liquidated in the past 24 hours for $416.34 million.     
  • In the past 24 hours, top losers include MemeCore (CRYPTO: M), Plasma (CRYPTO: XPL) and Pump. fun (CRYPTO: PUMP).

Notable Developments:

Trader Notes: IncomeSharks noted that Bitcoin shook off last week's bearish sentiment, reclaimed support, and is now forming a clean double bottom setup.

Stockmoney Lizards highlighted Bitcoin's MVRV Z-Score, signaling upside potential. He expects a retest before a likely Q4 pump, suggesting room for the market to run.

Michael van de Poppe observed that Bitcoin holding above the 20-Week MA after a corrective week led to a strong upward bounce. He sees this as a possible low for a big breakout ahead.

Ted Pillows pointed out that while open interest jumped by $2 billion today, leverage is building. He notes this could bring volatility and is curious about Bitcoin's reaction to this setup.

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