Bitcoin, Ethereum, XRP, Dogecoin Slide Despite Equities Rally

Author: Khyathi Dalal | July 23, 2025 03:36pm

Cryptocurrency markets are trading lower on Wednesday despite equities making new highs.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$118,357.63
Ethereum	(CRYPTO: ETH)	$3,605.17
Solana	(CRYPTO: SOL)	$189.97
XRP	(CRYPTO: XRP)	$3.24
Dogecoin	(CRYPTO: DOGE)	$0.2443
Shiba Inu	(CRYPTO: SHIB)	$0.00001400

Notable Statistics:

• IntoTheBlock data shows Bitcoin large transaction and daily active addresses increased by 121.9% and 14.7%, respectively. Transactions greater than $100,000 jumped from 7,583 to 10,609. Exchanges netflows surged by 225.7%.
• Coinglass data shows 207,011 traders were liquidated in the past 24 hours for $611.01 million.
• The top losers in the past 24 hours include Bonk (CRYPTO: BONK), Optimism (CRYPTO: OP) and XRP.

Notable Developments:

• Altcoin Speculation Surges: Is Crypto Headed For A Leverage-Fueled Meltdown?
• Polymarket Crypto Bettors See 50% Chance Of Fed Rate Cut In September Meet Amid Escalating Trump-Jerome Powell Clash
• Why Is Marathon Raising $1B Without Paying Interest? The Real Bet Behind Its Bold Bitcoin Move
• Ripple, Circle Push For Fed Access As $5.7 Trillion Stablecoin Surge Fuels Ambitions To Replace SWIFT, Says Industry Observer
• Cynthia Lummis Releases Draft Bill That Aims To Make US Global Crypto Capital, Says She Won’t ‘Allow’ Regulatory Confusion To Continue
• US ‘Economic Fascism’ Will Pump Bitcoin To $250,000, ETH To $10,000, Arthur Hayes Predicts
• BNY Taps Goldman Tech To Tokenize Traditional Finance—BlackRock, Fidelity Join In

Trader Notes: Crypto trader Altcoin Sherpa flagged the mid-$116,000 range as a critical support.

If Bitcoin dips into this zone, altcoins could shed another 10–20% from current levels.

He suggests cautiously beginning small positions now, but keeping capital ready to deploy if the market drops further.

A bounce is also possible from here, so he recommends staying vigilant.

$BTC eyeing some levels here; if we test the mid 116ks then I think alts go another 10-20% lower (ish) than current levels. I wouldn't go all in at the current region and more open some starter positions w. room to add lower. Could certainly bounce here too. Overall, eyes open pic.twitter.com/YARPKxXHLj

— Altcoin Sherpa (@AltcoinSherpa) July 23, 2025

Rekt Capital noted that Bitcoin is retesting the previously broken lower high resistance while also sitting near range low support.

Despite the chop, BTC remains within a broader consolidation structure, signaling stability rather than trend reversal.

Titan of Crypto identified an inverse head and shoulders pattern forming on the Bitcoin chart, targeting a move toward $144,000.

A retest of the neckline may occur but would likely serve to strengthen bullish momentum.

#Bitcoin Inverse Head & Shoulders

Target: $144,000 🎯

A retest of the neckline is still possible but likely just fuel for the next leg up. 🔥📈 pic.twitter.com/XNJbzf5Pj0

— Titan of Crypto (@Washigorira) July 23, 2025

Alex Wacy argued that Bitcoin's rise to $140,000 might be "easier than it looks."

BTC is comfortably trading above the Investor Price Median ($92,000) and below the Hype Alert Level ($139,000), which suggests markets are not overheated.

According to Wacy, real FOMO may only begin once BTC breaks that $140K mark.

Read Next:

• Want To Invest $1,000 In Bitcoin, ETH, XRP? Here’s The Data On The ‘Ideal’ Portfolio

Image: Shutterstock

Posted In: $BONK $BTC $DOGE $ETH $OP $SHIB $SOL $XRP