Bitcoin Slides To $85,000 As Ethereum, XRP, Dogecoin Stare Into The Abyss

Bitcoin is trading around $85,000, with a muted response to softer-than-expected U.S. inflation data.

Notable Statistics:

• Coinglass data shows 154,181 traders were liquidated in the past 24 hours for $504.89 million.       
• In the past 24 hours, top losers include MYX Finance, Pump.fun and Aster.

Notable Developments:

• Coinbase: Analyst Slashes Price Target, Says Investors ‘Miss The Big Picture’
• Ethereum Bear Who Made $500,000 Shorting ETH Now Bets $1 Million Against It
• SoFi Launches First ‘Bank-Issued’ Stablecoin
• Bitcoin Adoption Slowing Due To ‘Perceived’ Quantum Risk? Popular Analyst Says What Matters Is If Investors Can Sniff The Peril

Trader Notes: Crypto chart analyst Ali Martinez says Bitcoin remains boxed in on lower timeframes, facing resistance near $89,900 and support around $85,400. A breakout could revive upside momentum, while a breakdown risks deeper losses.

Daan Crypto Trades notes BTC has yet to sweep either its monthly high or low, a setup that typically resolves before month-end, making the current range increasingly tense.

Michael van de Poppe adds that despite bullish CPI data, Bitcoin failed to sustain gains. The $88,000 level remains the key hurdle; without a clean reclaim, downside pressure persists.

With the BOJ decision looming, risk assets are diverging, Nasdaq is pushing higher, gold is steady, but crypto continues to lag as traders brace for potential rate-hike volatility.

Read Next:

• Bitcoin, Ethereum, Solana To Hit All-Time Highs In 2026, Bitwise Predicts

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