Major cryptocurrencies are seeing a green start to the week, buoyed by improving macro sentiment as markets await today’s FOMC decision and ongoing U.S.-China trade developments. Notably, Scott Bessent is scheduled to meet with Chinese officials in Geneva this weekend for high-stakes trade talks.
Cryptocurrency | Price | 24-hour Gains +/- |
Bitcoin BTC/USD | $97,019.52 | +3.5% |
Ethereum ETH/USD | $1,835.66 | +3.8% |
Solana SOL/USD | $147.51 | +3.6% |
XRP XRP/USD | $2.14 | +2.6% |
Dogecoin DOGE/USD | $0.1732 | +5% |
Shiba Inu SHIB/USD | $0.00001286 | +4% |
Notable Statistics:
- IntoTheBlock data shows Ethereum large transaction volume grew by 24% in a single day, as the Pectra upgrade boosted exchanges netflows by 733%. Bitcoin large transaction volume dropped by 9.4%, while exchange netflows narrowed by 140%.
- Santiment data shows Bitcoin ETF inflows have surged to their highest point since mid-April, with $5.13 billion flowing into BTC ETFs since April 16.
- Santiment also shows large holders (10–10,000 BTC) accumulating over 81,000 BTC during the recent market volatility, a 0.61% increase. In contrast, smaller wallets (<0.1 BTC) shed around 290 BTC, down 0.60%. This divergence, with smart money accumulating while retail exits, is historically a bullish signal, often preceding significant upward price movement.
Trader Notes: Smiley Capital does not anticipate a rate cut today but expects a dovish tone from the Fed that hints at policy easing ahead.
The trader also predicts a U.S.-China trade resolution within 30 days, which could spark a broad-based rally across equities, crypto, and emerging markets, a so-called “everything pumps” scenario.
Crypto chart analyst Ali Martinez predicts a retest of the $97,700 resistance for Bitcoin ahead of the FOMC meeting, suggesting this could trigger a short-term pullback.
Crypto trader Ted Pillows noted the recent BTC rally aligns with China’s ¥1 trillion liquidity injection, advising traders to track global M2 supply to better anticipate price action.
For Ethereum, Michael van de Poppe expects a bounce if ETH holds above a key support level, eyeing a breakout to $2,100 within the next 1–2 weeks.
Martinez also sees XRP flashing a 3-day TD Sequential sell signal, indicating a potential retracement ahead.
Traders are increasingly bullish on Dogecoin. Trader Tardigrade highlights a falling wedge pattern forming, signaling a potential breakout, and notes that a similar setup previously led to a 300% rally in DOGE relative to TOTAL.
Degen Hardy also flagged DOGE’s bullish consolidation at a key support zone, with oversold RSI levels suggesting the meme coin is “primed for a pump.”
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