Bitcoin, Ethereum, XRP, Dogecoin Dip, But Traders Remain Optimistic For One Reason

Benzinga
16 Apr

Major cryptocurrencies are in the red as macro uncertainty and trade war tensions weigh on sentiment.

CryptocurrencyPrice   Gains +/-
Bitcoin BTC/USD $84,157.00-1.2%
Ethereum ETH/USD $1,609.19-2%
Solana SOL/USD $128.50-1.8%
XRP XRP/USD $2.12-1.7%
Dogecoin DOGE/USD $0.1554-3.5%
Shiba Inu SHIB/USD $0.00001183  -2.6%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increasing by 28.6% and daily active addresses growing by 19%. Transactions greater than $100,000 are up from 7,162 to 9,856  in a single day. Exchanges netflows are up by 2,416.8%.
  • Coinglass data reports 89,194 traders were liquidated in the past 24 hours for $177.86 million.

Notable Developments:

  • Donald Trump’s Crypto Footprint Grows: A Monopoly-Style Game May Be Next
  • Bitcoin To Stay Range-Bound, But Options Trading Can Yield A Profit: 10x Research
  • Robinhood, Coinbase Could Benefit From New Digital Asset Regulation, Says Bernstein
  • Bitcoin Poised To Rise If Macro Obstacles Clear, Bitwise’s Matt Hougan Says
  • EXCLUSIVE: Janover Scoops $10.5 Million Of Solana Under New Treasury Strategy
  • Why ‘The Next Generation Of On-Chain Will Be Shaped By AI’, According To WalletConnect’s Pedro Gomes
  • Bhutan PM Says Bitcoin Mining ‘Simple Strategic Choice’ For Governments, Himalayan Kingdom Uses Crypto To Reduce Brain-Drain From Civil Services

Top Gainers:

CryptocurrencyPrice   Gains +/-
MANTRA OM/USD $0.8049+53.2%
Story IP/USD $4.10+5.7%
Toncoin TON/USD $2.95+4%

Trader Notes: Crypto trader Blockchainedbb highlighted that Bitcoin has cleanly navigated through key price ranges, first from $76,000–$84,300 and now pushing through the $84,300–$86,000 zone. He sees the next short setup between $86,000 and $83,000, anticipating a possible bounce near $82,000–$83,000 before any deeper correction.

Given the strong performance of his current short positions, Blockchainedbb plans to exit around $83,000–$84,000, noting that Wednesdays often bring bullish momentum, making it risky to hold shorts mid-week.

Meanwhile, trader Roman pointed to bearish divergences on both the RSI and Stoch RSI on Bitcoin's 1-day chart, with both indicators in overbought territory.

He warned that the recent price rally lacked momentum, suggesting that Bitcoin could retrace toward local lows soon.

$BTC 1DI see a run back to local lows as we have: – bearish price action– bear divs on RSI– overbought stoch RSIThis run up didn't seem strong as well. pic.twitter.com/oi8sS50HOl

— Roman (@Roman_Trading) April 15, 2025

Benjamin Cowen drew attention to Bitcoin dominance, calling it a key driver of the next crypto cycle. Cowen described it as the “key to unlocking the cryptoverse.”

Ted Pillows pointed out that China's M2 money supply has reached a record ¥326 trillion ($44 trillion), nearly double the U.S. supply. He emphasized that even a small fraction of this liquidity flowing into crypto could trigger a parabolic move.

Read Next: 

  • Trump Administration Is ‘Only Looking To Accumulate’ Bitcoin, Bo Hines Says

Image: Shutterstock

$BTCBitcoin
$84047.91-0.64%

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Reveal Full Score
Edge Rankings
Momentum
92.93
Price Trend
Short
Medium
Long
Overview
$DOGEDogecoin
$0.1553-2.05%
$ETHEthereum
$1607.19-1.02%
$OMMANTRA DAO
--%
$RAYRaydium
$2.083.18%
$SHIBShiba Inu
$0.000012-1.50%
$SOLSolana
$127.90-1.15%
$TONToncoin
$2.952.11%
$XRPRipple
$2.13-0.05%
Got Questions? Ask
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