Bitcoin traded around $79,000 on Monday after Strategy announced its first Bitcoin purchase in months.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $79,043 |
| Ethereum | (CRYPTO: ETH) | $2,478 |
| Solana | (CRYPTO: SOL) | $103.82 |
| XRP | (CRYPTO: XRP) | $1.39 |
| Dogecoin | (CRYPTO: DOGE) | $0.08341 |
| Shiba Inu | (CRYPTO: SHIB) | $0.05508 |
Notable Statistics:
- Coinglass data shows 104,578 traders were liquidated in the past 24 hours for $378.71 million.
- SoSoValue data shows net outflows of $201.8 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $102.2 million.
- In the past 24 hours, top gainers include XRP, Hyperliquid and Pepe.
Notable Developments:
- Bitcoin Stalls Around $78,000: Here’s the Key Level to Watch
- Tom Lee Says Markets Could ‘Rally Very Strongly’ in September, Touts Fed Surprise
- Bitmine Buys 53,501 ETH: What Does It Mean for BMNR?
- Bill Gates Won’t Pick Crypto to Diversify Away From the Dollar, Calls It ‘Pure Mania-Driven Asset’ — Here’s What the Billionaire Would Choose Instead
- Bitcoin, Ethereum Trade Sideways but Analysts Warn Against Switching to Meme Coins
- BTC, ETH, SOL Pull Back After Explosive Rally but ‘Nothing’s Broken Yet,’ Top Trader Says
- Hyperliquid In Talks To Enter US Via Kraken’s Parent Company
Trader Notes:
Crypto trader Kevin says Bitcoin and Ethereum are heading for strong monthly closes, with daily trend reversals and improving higher-timeframe momentum, strength and money flows suggesting the bear market bottom is already in.
While BTC remains below the 2-day 200 EMA/SMA and 50-week SMA, a break and hold above $85,000 would provide stronger confirmation.
The analyst remains bullish on BTC and ETH, viewing any year-end dips as potentially the last major accumulation opportunity before Bitcoin moves toward $100,000 and higher next year.
Trader Jelle sees Bitcoin at a decision point near key weekly resistance. A breakout could confirm the start of a new bull market, but until that happens, taking some profits after the past two weeks’ rally may be prudent.
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