Bitcoin Holding $112,000 As Ethereum, XRP, Dogecoin Extend Gains

Benzinga

Cryptocurrency markets rose Monday as gold extended gains above $3,600, according to Benzinga. Coinglass data showed nearly 175,000 traders were liquidated in 24 hours, totaling $292.15 million. Spot Bitcoin ETFs recorded $160.2 million in net outflows Friday, while spot Ethereum ETFs saw $446.7 million in outflows, according to SoSoValue. Crypto trader Dom said a 2% push and stabilization above the 3-month rolling Volume-Weighted Average Price could help invalidate this year’s bearish setup. Stockmoney Lizards noted Bitcoin is repeating its bull cycle pattern, with the fourth quarter historically bringing major rallies despite skepticism. Historical Q4 rally patterns are also fueling optimism that the next major bull phase could be underway.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Cryptocurrency markets rose Monday as gold extended gains above $3,600, according to Benzinga.

00:08CoinGlass data showed nearly 175,000 traders were liquidated in 24 hours, totaling $292.15 million.

00:15Spot Bitcoin ETFs recorded $160.2 million in net outflows Friday,

00:20while Spot Ethereum ETFs saw $446.7 million in outflows, according to SoSoValue.

00:25Crypto trader Dom said a 2% push and stabilization above the three-month rolling volume weighted average price

00:31could help invalidate this year's bearish setup.

00:34Stock money lizards noted Bitcoin is repeating its pull cycle pattern,

00:37with the fourth quarter historically bringing major rallies despite skepticism.

00:41Historical Q4 rally patterns are also fueling optimism that the next major pull phase could be underway.

00:47For all things money, visit Benzinga.com.

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