Bitcoin and major cryptocurrencies traded largely sideways on Monday as the dollar surged to an 18-month high, while expectations for eventual global debt monetization kept the longer-term liquidity outlook in focus.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $85,585 |
| Ethereum | (CRYPTO: ETH) | $2,708 |
| Solana | (CRYPTO: SOL) | $119.98 |
| XRP | (CRYPTO: XRP) | $1.50 |
| Dogecoin | (CRYPTO: DOGE) | $0.09477 |
| Shiba Inu | (CRYPTO: SHIB) | $0.055884 |
Notable Statistics:
- Coinglass data shows 65,022 traders were liquidated in the past 24 hours for $240.54 million.
- SoSoValue data shows net inflows of $189.8 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $37.4 million.
- In the past 24 hours, top gainers include Lighter, Cardano and OKB.
Notable Developments:
- How Raoul Pal Built His Crypto Portfolio: BTC, ETH, SOL and 1 Surprise Coin
- Strategy Buys 334 Bitcoin but Strive Bought 2,000: What’s Going On?
- Cardano Surges 11% While Bitcoin, Ethereum, XRP Barely Move
- Bitcoin Has Never Failed a Setup Like This, Analyst Says: ‘I’d Rather Just Say I’m Wrong’
- Dogecoin Breakout Could Be Getting Closer, Says Top Analyst: Here’s the ‘Key Level’ They Are Watching
- XRP Ledger Developments Signal Potential ‘Big Move’ for XRP
- Will Bitcoin, ETH, SOL See a ‘Sunday Pump, Monday Dump?’ One Analyst’s Indicators Say Yes
Trader Notes:
Michael Howell’s core argument, voiced in an interview with Scott Melker, is that Bitcoin’s resilience near $86,000 despite the U.S. dollar hitting an 18-month high is notable.
However, investors need to distinguish between the short-term liquidity cycle and the longer-term monetary-debasement trend.
Historically, dollar strength tends to pressure Bitcoin and other risk assets, but BTC has remained above its 50-week moving average while gold has weakened below its own.
Howell sees Bitcoin as one of the most liquidity-sensitive assets in the world.
When global liquidity expands, BTC tends to respond more aggressively than gold, making it a potentially powerful monetary-inflation hedge.
Howell agrees risk assets may be near a cyclical peak. A liquidity squeeze or equity correction could drag Bitcoin and gold lower before the longer-term debasement thesis reasserts itself.
He sees a near-term correction risk but a structurally bullish Bitcoin setup.
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