Bitcoin At $68,000 As Ethereum, XRP, Dogecoin Stabilize Ahead Of Economic Data

Bitcoin is holding near $68,000 as liquidations stand at $249.25 million over the past 24 hours.         

Bitcoin ETFs saw $145 million in net inflows on Monday, while Ethereum ETFs reported $57.05 million in net inflows.

The meme coin sector declined roughly 2% as the broader market attempts to regain momentum.

Trader Commentary:

Crypto trader Jelle noted that Bitcoin’s short-term chart structure is improving, with price continuing to hold higher lows after the sharp correction.

This type of structure often signals a classic bottoming formation, increasing the probability of a rebound toward the $77,000 region in the near term.

Michael van de Poppe highlighted that Ethereum has historically lagged price performance in the early stages of growth cycles. He pointed to 2019 as a precedent, when on-chain activity expanded well before ETH’s price followed.

A similar divergence appears to be forming now: stablecoin transaction volume on Ethereum has surged over 200% in the past 18 months, while ETH’s price remains roughly 30% below recent highs.

Crypto trader Eljaboom commented that Solana continues to look weak below its horizontal resistance range, noting he would only turn bullish on SOL if price reclaims $95.

Despite the pullback, Dogecoin showed relative strength, with crypto analyst Ali Martinez identifying $0.074 as the most important support level to hold.

Image: Shutterstock