Bitcoin Reclaims $112,000 As Ethereum, XRP, Dogecoin Shine After ‘Eventful Weekend Action’

Cryptocurrency markets are ticking higher on Monday morning, led by Bitcoin rebounding to $112,000.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $112,172.59
Ethereum (CRYPTO: ETH) $4,125.58
Solana (CRYPTO: SOL) $207.04
XRP (CRYPTO: XRP) $2.85
Dogecoin (CRYPTO: DOGE) $0.2309
Shiba Inu (CRYPTO: SHIB) $0.00001182

Notable Statistics:

  • Coinglass data shows 87,737 traders were liquidated in the past 24 hours for $345.03 million.    
  • SoSoValue data shows net outflows of $418.3 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $248.3 million.

Trader Notes: Crypto trader Scient notes Bitcoin closed the week strong but is stalling at key resistance near $112,000 ahead of the monthly close.

The rally from recent lows filled prior gaps, yet underlying support levels remain untested, leaving the recent bottom somewhat uncertain.

A flip above $112,000 could set a push toward $117,000, while failure may trigger a retrace toward the $107,000 range.

Ted …

Full story available on Benzinga.com