Bitcoin, Ethereum, XRP, Dogecoin Trade Sideways After Strategy's BTC Purchase

Bitcoin traded around $79,000 on Monday after Strategy announced its first Bitcoin purchase in months.CryptocurrencyTickerPriceBitcoin$79,043Ethereum$2,478Solana$103.82XRP$1.39Dogecoin$0.08341Shiba Inu(CRYPTO: SHIB)$0.05508Notable Statistics:Coinglass data shows 104,578 traders were liquidated in the past 24 hours for $378.71 million. SoSoValue data shows net outflows of $201.8 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $102.2 million.In the past 24 hours, top gainers include XRP, Hyperliquid and Pepe.Notable Developments:Bitcoin Stalls Around $78,000: Here’s the Key Level to WatchTom Lee Says Markets Could ‘Rally Very Strongly’ in September, Touts Fed SurpriseBitmine Buys 53,501 ETH: What Does It Mean for BMNR?Bill Gates Won’t Pick Crypto to Diversify Away From the Dollar, Calls It ‘Pure Mania-Driven Asset’ — Here’s What the Billionaire Would Choose InsteadBitcoin, Ethereum Trade Sideways but Analysts Warn Against Switching to Meme CoinsBTC, ETH, SOL Pull Back After Explosive Rally but ‘Nothing’s Broken Yet,’ Top Trader SaysHyperliquid In Talks To Enter US Via Kraken’s Parent CompanyTrader Notes:Crypto trader Kevin says Bitcoin and Ethereum are heading for strong monthly closes, with daily trend reversals and improving higher-timeframe momentum, strength and money flows suggesting the bear market bottom is already in.While BTC remains below the 2-day 200 EMA/SMA and 50-week SMA, a break and hold above $85,000 would provide stronger confirmation.The analyst remains bullish on BTC and ETH, viewing any year-end dips as potentially the last major accumulation opportunity before Bitcoin moves toward $100,000 and higher next year.Trader Jelle sees Bitcoin at a decision point near key weekly resistance. A breakout could confirm the start of a new bull market, but until that happens, taking some profits after the past two weeks’ rally may be prudent.Image: Shutterstock