Bitcoin, Ethereum, XRP, Dogecoin Walk Up: Is $100,000 BTC In Sight?

Cryptocurrency markets are trading slightly up on Monday, with speculation surrounding the odds for the approval of altcoin ETFs.

Notable Statistics:

• IntoTheBlock data shows large transaction volume increased by 0.8% and daily active addresses down by 2.5%. Transactions greater than $100,000 are down from 7,360 to 7,194 in a single day. Exchanges netflows decreased by 318.6%.
• Coinglass data reports 119,776 traders were liquidated in the past 24 hours for $245.82 million.

Notable Developments:

Top Gainers:

Trader Notes: With Bitcoin prices opening the week higher, crypto trader Jelle highlighted that BTC has broken and retested the local downtrend. He now wonders if it’s time for another test of $100,000.

Meanwhile, Rekt Capital reiterated that Bitcoin’s bull market is expected to peak in 2025, marking the start of a new bear cycle.

He predicts the majority of the bear market will play out in 2026, lasting over 365 days with a potential drawdown of -65% to -80%.

Crypto trader CJ disclosed that BTC has entered a position around $95,000, with a key focus on holding $96,300 in case of a pullback during the NY session. He emphasized: “$100,000 is the main pivotal level – can’t get too excited while we are below.”

Bloomberg ETF reporter Eric Balchunas has stated his altcoin ETF approval odds, with Litecoin LTC/USD leading at a 90% chance, followed by Dogecoin, Solana and XRP.

Read Next: