Bitcoin Steady as Ethereum, XRP, and Dogecoin Gain Amid Slow Market Cycle

Cryptocurrency markets began the week with muted price movements as investors awaited Federal Reserve Chair Jerome Powell's upcoming speech.

Current Market Overview

Large transaction volume declined by 6.9%, while daily active addresses fell by 10.5%.
Transactions exceeding $100,000 increased slightly from 7,560 to 7,612 within 24 hours.
Exchange netflows dropped sharply by 613.9%, indicating reduced selling pressure.
94,334 traders faced liquidations totaling $251.96 million in the past day.
Bitcoin wallets holding over $1 million in BTC surged recently, per Glassnode data.

Ethereum traders eye $4,000 by summer amid growing optimism.
Bitcoin options traders turned bullish, strategizing for Q3.
Robinhood introduced new crypto features for enhanced trading.
A major strategy accumulated 4,980 BTC, boosting holdings to $42 billion.
Bitcoin ETFs extended inflows to $2.2 billion, marking an 11-week streak.

Crypto analyst CryptoCon highlighted that Bitcoin has traded sideways for 195 days since December 2024.

Only 36 days showed significant gains, while most were marked by slow consolidation.
The current cycle is the slowest yet, but not over, per his analysis.

Ted Pillows noted Bitcoin's prolonged consolidation near all-time highs, predicting a breakout above $120,000 soon.

Javon Marks identified $116,652** as a critical breakout level, projecting a potential surge to **$165,000 upon clearing this resistance.

Bitcoin’s extended consolidation reflects cautious market sentiment ahead of macroeconomic cues like Fed policy updates.

Ethereum’s summer rally expectations stem from ETF speculation and network upgrades improving scalability.

Options traders are increasingly bullish, anticipating upward momentum as institutional inflows grow.

Disclaimer: Trading involves risk; 82% of retail CFD accounts lose money.