Bitcoin Holds $64,000, Ethereum Up 2%, but XRP, Dogecoin Disappoint

Major cryptocurrencies rallied over 1% on Wednesday, buoyed by continuing strength in the equity market.CryptocurrencyTickerPriceBitcoin$64,717Ethereum$1,914Solana$74.12XRP$1.06Dogecoin$0.06995Shiba Inu(CRYPTO: SHIB)$0.054907Notable Statistics:Coinglass data shows 69,958 traders were liquidated in the past 24 hours for $216.18 million. SoSoValue data shows net inflows of $211.5 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $53.8 million.In the past 24 hours, top gainers include Pump.fun, Uniswap and Zcash.Notable Developments:S&P 500 Hits Record Highs—Why Does Bitcoin Not Join the Rally?Bitcoin Loses to Stocks for the First Time in 14 Years: What Is Happening?Arthur Hayes Predicts Bitcoin ‘Crack-Up Boom’ When AI Credit Bubble UnwindsHave All the Bitcoin Sellers Left? If a $100M Hack Makes Nobody Panic That Means Yes, Experts ArgueSEC Is ‘Ready, Willing And Able’ To Replace CLARITY Act If It Fails, Bitwise’s Matt Hougan SaysThune Floats Last-Minute CLARITY Act Vote, but Polymarket Odds Crash to 14%Trader Notes:Crypto chart analyst Ali Martinez noted Bitcoin has flashed a bullish SuperTrend buy signal, a technical indicator that previously preceded a 16% rally from $57,700 to $68,900 after its last trigger on July 3.Trader Crypto Bitlord believes Bitcoin is on the verge of a sharp upside breakout, pointing to an early move above key 4-hour resistance. He argues that the market is overdue for a large bullish “god candle” after an extended period without a strong vertical rally.Swing and chart trader Jesse Olson maintains that Bitcoin remains in a bear market but believes the cycle is approaching a turning point.Based on the model, October could mark the bottom, followed by a 45-month bull run that ultimately drives Bitcoin above $180,000.Image: Shutterstock