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Yahoo
2 days ago
- Business
- Yahoo
Bitcoin Slips Below $117,000 On Whale Selling, Ethereum, XRP Hold Steady
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The cryptocurrency market is seeing a modest pullback on Friday, with Bitcoin breaking below the $117,000 level, caused by an uptick in whale Ticker Price Bitcoin (CRYPTO: BTC) $116,634.79 Ethereum (CRYPTO: ETH) $3,730.88 Solana (CRYPTO: SOL) $181.14 XRP (CRYPTO: XRP) $3.13 Dogecoin (CRYPTO: DOGE) $0.2325 Shiba Inu (CRYPTO: SHIB) $0.00001369 Notable Statistics: IntoTheBlock data shows Bitcoin and Ethereum large transaction increased by 5.8% and 5.1%, respectively. Daily active addresses decreased 6% and grew 3.5%, respectively. Coinglass data shows 141,129 traders were liquidated in the past 24 hours for $534.38 million. SoSoValue data shows net intflows of $226.6 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $231.2 million. Trader Notes: Bitcoin is under pressure, slipping below $117,000, but traders are closely watching the $115,000 level where spot buyers are beginning to absorb sell pressure, according to crypto trader Skew. He notes that a short squeeze may follow if BTC consolidates near $117,000 and short positions build up. Trending: Be part of the breakthrough that could replace plastic as we know it— BitBull predicts Bitcoin could drop as low as $111,000–$112,000, citing a missing breakout retest after its all-time high rally. The current correction, he says, echoes Q1's price action, where a sharp rally was followed by a cooling-off period, a setup that could lead to a strong continuation higher after the short-term shows signs of strength with two potential bullish trajectories, according to CryptoWolf. The conservative scenario targets $8,000, while a more aggressive path eye $13,000+. In both cases, he expects a 20%–25% correction post-All-time high to serve as a final shakeout before ETH's explosive Q4 rally. Solana is also in focus, with DegenHardy identifying a classic bullish setup. Bullish divergences are forming at a key support zone, a common precursor to sharp upward movements. He sees this as a "get ready" moment for traders aligned with his go-to strategy. Dogecoin could be carving out a double bottom, per chart analyst Ali Martinez. If DOGE can reclaim $0.26 as support, the pattern may confirm and fuel a breakout toward $0.46, opening the door for a significant meme coin rally. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Bitcoin Slips Below $117,000 On Whale Selling, Ethereum, XRP Hold Steady originally appeared on
Yahoo
10-07-2025
- Business
- Yahoo
Bitcoin Stalls Around $109,000 While Ethereum, XRP, Dogecoin Edge Higher
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Cryptocurrency markets are trading modestly higher on Wednesday morning as markets await further tariff announcements by President Ticker Price Bitcoin (CRYPTO: BTC) $109,110.29 Ethereum (CRYPTO: ETH) $2,628.26 Solana (CRYPTO: SOL) $154.09 XRP (CRYPTO: XRP) $2.38 Dogecoin (CRYPTO: DOGE) $0.1736 Shiba Inu (CRYPTO: SHIB) $0.00001199 Notable Statistics: IntoTheBlock data shows Bitcoin and Ethereum large transcation decreased by 15.1% and 21.4%, respectively. Daily active addresses are up by 13.5% and 0.8%, respectively. Coinglass data shows 68,688 traders were liquidated in the past 24 hours for $138.76 million. SoSoValue data shows net inflows of $80 million into spot Bitcoin ETFs on Monday, while spot Ethereum ETFs saw net inflows of $46.6 million. Trader Notes: Crypto trader BitBull spotted a potential inverse head and shoulders pattern on both the 3-day BTC chart and RSI. He says confirmation requires either a 3-day candle close above $110,000 or RSI closing above 70. If confirmed, BTC could enter a 3–4 week 'up-only' rally. Trending: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — Crypto trader Momin flagged that Bitcoin dominance slipping below 65% could mark a shift to an altcoin-led rally, especially if the daily close confirms. With Ethereum showing strength and exchange supply drying up, he concluded, "A new rally likely incoming soon!" Follis sees a clean range developing in Solana and is watching for long entries on sweeps of the range low. For Ethereum, he also notes a clean setup but advises that high-probability trades lie at the extremes of the current range. DonAlt highlighted XRP coiling beneath resistance. He notes that if it doesn't break out soon, XRP could remain range-bound for another 1–2 Dogecoin, Hardy pointed out that $15 billion in liquidations are stacked between $0.17–$0.19. A move above this zone could trigger a massive, short squeeze with major upside potential. Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Bitcoin Stalls Around $109,000 While Ethereum, XRP, Dogecoin Edge Higher originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
