BITCOIN RISES ABOVE $80,000 AS ETHEREUM, XRP, DOGECOIN GAIN 2%
Bitcoin is back above $80,000 level, notably outperforming stocks on Monday.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO:BTC) | $80,309.65 |
| Ethereum | (CRYPTO:ETH) | $2,365.61 |
| Solana | (CRYPTO:SOL) | $84.73 |
| XRP | (CRYPTO:XRP) | $1.40 |
| Dogecoin | (CRYPTO:DOGE) | $0.1108 |
| Shiba Inu | (CRYPTO:SHIB) | $0.056217 |
Notable Statistics:
- Coinglass data shows 121,511 traders were liquidated in the past 24 hours for $542.80 million.
- SoSoValue data shows net inflows of $629.7 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $101.2 million.
- In the past 24 hours, top gainers include SKYAI, Dash and siren.
Notable Developments:
- Elizabeth Warren Rings ‘Flashing Red Light’ Alert Over Iranian Cryptocurrency Exchange
- Bitmine Adds 101,745 ETH: How High Can Ethereum Go?
- Ripple-Backed Evernorth Eyes ‘Strategy-Style’ Model For XRP: What Does That Mean?
- Bitcoin’s $80K Rally Sends Mixed Signals—Are ETFs Leading, Or Just Catching Up?
- Coinbase Does A 180, Now Backs CLARITY Act: What Changed?
- Michael Saylor Pauses Bitcoin Buys, But A $3B Acquisition Frenzy Could Start This Week, Analyst Says
- Trump-Linked WLFI Sues Justin Sun As Token Jumps 20% In 3 Days
Trader Notes:
Michael van de Poppe argued that attempts to precisely time market bottoms or compare portfolios to recent all-time highs often lead to emotionally driven decisions.
He said both Bitcoin and several altcoins appear undervalued relative to longer-term fair value estimates, emphasizing that missing broader accumulation phases can be more costly than imperfect entry timing.
Trader Leshka.eth, described current conditions as potentially consistent with a distribution phase like previous cycle tops. This view suggests further downside risk, with some expecting a possible move toward the $45,000–$55,000 range before a more durable bottom forms.
Cantonese Cat highlighted Bitcoin dominance behavior as a potential indicator of broader cycle progression. Some market observers note similarities to the 2020–2021 period, where Bitcoin dominance formed a secondary peak while price continued to trend strongly.
This pattern, if repeated, could imply continue cycle expansion rather than an immediate long-term reversal.
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2026-05-04T19:01:28Z