Bitcoin climbs above $69,000, Ethereum, XRP, Dogecoin rise 4%

On Monday, Bitcoin was up 4%, trying to regain its level of $70,000 amid hopes of a potential ceasefire between the United States and Iran.

Bitcoin ETFs saw $8.99 million in net inflows on Friday, while Ethereum ETFs saw $71.2 million in net inflows.

The meme coin market capitalization jumped about 3% in the last 24 hours, reaching $34.2 billion.

Trader Comments:

Trader Michael van de Poppe said Bitcoin is showing strong momentum alongside increasing volatility, possibly fueled by easing tensions around the Strait of Hormuz. A break above $71,000 could confirm a bullish move, with the next major resistance located near $80,000.

Cryptos traderBatman noted that Ethereum broke out of a reversed head and shoulders pattern on the four-hour chart, indicating a potential trend reversal. Maintaining support along the trendline will be key for the trend to continue.

Crypto chart analyst Ali Martinez reported that since March 31, Dogecoin whales have accumulated over 500 million DOGE while the price remains range-bound, indicating stealth accumulation. A Bollinger Band tightening is also forming, suggesting that a significant volatility move could be approaching, which could provide a springboard to a breakout.

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