Bitcoin, Ethereum, XRP, Dogecoin Decline as Oil Prices Push Higher: Analyst Says 'Pullback Isn't the End

Leading cryptocurrencies plunged on Monday as geopolitical uncertainty and upcoming inflation data kept investors on edge.

Cryptocurrency	24-Hour Gains +/-	Price (Recorded at 9:14 p.m. EDT)
Bitcoin (CRYPTO: BTC)	-2.60%	$81,747.83
Ethereum (CRYPTO: ETH)	-4.30%	$2,434.71
XRP (CRYPTO: XRP)	-5.20%	$1.33
Solana (CRYPTO: SOL)	-7.0%	$103.82
Dogecoin (CRYPTO: DOGE)	-5.90%	$0.0817

Crypto Market Plunges

Bitcoin nearly slipped below the $81,000 mark before staging a late-evening rebound. Ethereum dipped to the $2,400 level and is now down nearly 10% over the last week. XRP and Dogecoin also recorded steep drops.

Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 1.08% and 0.83%, respectively.

More than $775 million in cryptocurrency positions were liquidated over the past 24 hours, including $493 million in just the last four hours, according to Coinglass data. Long position traders bore the brunt of the losses.

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Bitcoin’s open interest slipped 1.64% over the last 24 hours. Retail and whale derivatives traders on Binance, meanwhile, flipped “Bullish” on BTC, increasing their long exposure.

Top Gainers (24 Hours)

Cryptocurrency	Gains +/-	Price (Recorded at 9:14 p.m. EDT)
Beldex (BDX)	+12.90%	$0.09107
Bitway (BTW)	+9.40%	$1.80
Render (RENDER)	+4.70%	$2.08

Dow Rallies, S&P Near Flatline

Stocks had a mixed day on Monday. The Dow Jones Industrial Average rose 195.60 points, or 0.38%, to close at 51,850.55. The S&P 500, in contrast, fell 0.06% to end at 7,807.24, while the tech-heavy Nasdaq Composite shed 0.44% to close at 27,245.90.

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Russian strikes on Ukrainian energy facilities continued even after President Donald Trump announced an “energy ceasefire” between the two countries.

The United States Oil Fund (NYSE:USO), which tracks WTI crude oil, sharply rebounded, closing up 1.91% at $151.03 on Monday.

‘Pullback Isn’t the End of Anything’

Ali Martinez, a widely followed cryptocurrency analyst and trader, noted that whales have increased accumulation as Bitcoin fell from $87,000 toward $80,000. However, they believe the asset still needs to clear a key “hurdle” first.

“On-chain data shows nearly 800,000 BTC were previously traded around $84,569. A break above this supply zone would strengthen the case for a move higher,” the analyst predicted.

Technical analyst Kevin said that a year-end pullback was inevitable, although their “plan” remains unchanged: $77,000-$83,000 keeps $93,000-$100,000 in play, while a close below $77,000 opens $67,000-$76,000

“CPI Wednesday is the catalyst. A pullback isn’t the end of anything. It’s the next opportunity for the sidelined and should result in a higher low,” Kevin added.