Bitcoin Holds Near $77,000 As Ethereum, XRP, Dogecoin Go Sideways

Bitcoin is trading sideways as Bitcoin ETFs saw $85.04 million in net inflows on Wednesday, while Ethereum ETFs reported $42.8 million in net inflows.  

Meme coin market capitalization is trading 4.5% lower over the past 24 hours.

Trader Commentary: 

Trader Alex Wacy said market sentiment appears overly bullish despite Bitcoin not yet confirming a breakout. A decisive move higher could push BTC toward $100,000, while rejection may trigger a drop toward $55,000 before a stronger rally resumes.

He described a potential pullback as a market reset rather than a bearish shift, with new all-time highs still possible later in the cycle.

Ted Pillows noted that Ethereum has failed to reclaim the $2,400 level and is showing signs of weakness. Key support is seen near $2,250, which could be tested if selling pressure persists. He added that Ethereum’s underperformance may leave it more vulnerable if Bitcoin sees further downside.

CryptosBatman said Solana appears to be losing momentum following its meme coin-driven rally phase. The asset remains below key resistance levels and continues to underperform. A sustained move above resistance would be required to restore a bullish outlook

Cryptoinsightuk highlighted $1.395 as a key short-term level for XRP on the hourly chart. Holding this level could support a move toward $1.60, while a breakdown may lead to a decline into the $1.27 to $1.20 liquidity zone.

Crypto chart analyst Ali Martinez said Dogecoin is consolidating within a tight parallel channel. The $0.1018 mid-range level has acted as strong resistance, rejecting multiple breakout attempts.

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