Bitcoin, Ethereum, XRP, Recover Losses, Dogecoin Lags: Trader Expects Consolidation Until Friday's Crypto Summit

Author: Khyathi Dalal | March 04, 2025 04:13pm

Cryptocurrency markets have bounced back into the green on Tuesday, recovering from earlier losses as excitement builds ahead of the crypto summit on Friday.

Cryptocurrency	Price	Gains +/-
Bitcoin (CRYPTO: BTC)	$87,881.40	+2.5%
Ethereum (CRYPTO: ETH)	$2,167.42	+2.3%
Solana (CRYPTO: SOL)	$143.26	+0.6%
XRP (CRYPTO: XRP)	$2.49	+5%
Dogecoin (CRYPTO: DOGE)	$0.2003	+0.09%
Shiba Inu (CRYPTO: SHIB)	$0.00001308	+1.1%

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 32.8% and daily active addresses growing by 20.4%. Transactions greater than $100,000 are up from 10,965 to 13,388 in a single day. Exchanges netflows are up by 223.2%.
• Coinglass data reports 295,242 traders were liquidated in the past 24 hours for $947.63 million.
• IntoTheBlock data shows Bitcoin's last week price drop caused a surge in active addresses, pushing the daily average to its highest level since December when Bitcoin surpassed $100,000. This uptick also coincided with an increase in zero-balance addresses, indicating capitulation.

Notable Developments:

• Raoul Pal Predicts Extended Crypto Cycle Into 2026, Bitcoin, Solana Corrections Are Typical Volatility
• SEC Drops Lawsuit Against Crypto Exchange Kraken, CEO Calls It, ‘Massive Win’ — BAYC NFT Creator Yuga Labs Also Gets Reprieve
• Bybit CEO Says 77% Of Stolen $1.4 Billion Ethereum Still Traceable After Historic Hack: ‘This And The Coming Week Is Critical’
• Trump’s Cabinet Holds Bitcoin, Solana, Ethereum—But No Cardano Or XRP
• China Working Behind Closed Doors To Create Strategic Bitcoin Reserve, Says Bitcoiner Who ‘Orange Pilled’ Trump

Top Gainers:

Cryptocurrency	Price	Gains +/-
Aave (CRYPTO: AAVE)	$210.82	+16%
Cardano (CRYPTO: ADA)	$0.9317	+10.8%
Hedera (CRYPTO: HBAR)	$0.2458	+8.4%

Trader Notes: Sistine Research suggests Bitcoin is set for its final dominance pump before altseason.

Ready for final BTC dom pump before alt season. pic.twitter.com/6rnu7b0va4

— Sistine Research (@sistineresearch) March 4, 2025

More Crypto Online notes BTC has hit resistance, with micro support between $83,102 and $85,877. The key breakout level is $95,170.

Michael van de Poppe highlights Bitcoin's rejection at $95,000, now chopping after clearing liquidity on both sides. He expects consolidation this week due to macro events and the summit on Friday.

CryptoAmsterdam sees BTC looking heavy on mid-time frames after breaking down without a quick reclaim. He notes trends can shift fast but says BTC must reclaim the range low and break the trendline for momentum to improve.

Read Next: 

• Why The Bitcoin Pullback May Have A Silver Lining For Long-Term Investors

Image: Shutterstock

Posted In: $AAVE $ADA $BTC $DOGE $ETH $HBAR $SHIB $SOL $XRP