Bitcoin, Ethereum, XRP, Dogecoin Consolidate After Monday Liquidation Cascade

Cryptocurrency markets are consolidating on Tuesday morning while showing notable weakness against other commodities like gold.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $112,776.90
Ethereum (CRYPTO: ETH) $4,183.97
Solana (CRYPTO: SOL) $218.33
XRP (CRYPTO: XRP) $2.86
Dogecoin (CRYPTO: DOGE) $0.2398
Shiba Inu (CRYPTO: SHIB) $0.00001222

Notable Statistics:

  • Coinglass data shows 162,094 traders were liquidated in the past 24 hours for $356.06 million.
  • SoSoValue data shows net outflows of $363.2 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net outflows of $75.95 million.

Trader Notes: Ted Pillows said BTC remains rangebound, with $115,000 as the key resistance to reclaim. Losing $108,000 could open the door to a deeper correction toward $100,000.

Michael van de Poppe added that a bounce here could push BTC back …

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