--- title: "Bitcoin Hovers Near $80,000, Ethereum, XRP Spike, but Dogecoin Slips As Crypto Rally Gains Steam: Analyst Spots This New Bullish Signal for BTC" type: "News" locale: "en" url: "https://longbridge.com/en/news/296858410.md" description: "Bitcoin hovered near $80,000 with a 3.37% gain, while Ethereum and XRP also rose, driven by sustained demand and smart money sentiment turning extremely bullish. Analyst Ali Martinez identified a new bullish signal as Bitcoin reclaimed its 1,130-day moving average, historically marking the end of bear markets. Conversely, Dogecoin slipped slightly. Meanwhile, major US stock indices closed mixed, with the S&P 500 and Nasdaq declining, ahead of Nvidia's earnings and Fed Chair Warsh's speech." datetime: "2026-08-25T02:06:34.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296858410.md) - [en](https://longbridge.com/en/news/296858410.md) - [zh-HK](https://longbridge.com/zh-HK/news/296858410.md) generator: "portal-rs" --- # Bitcoin Hovers Near $80,000, Ethereum, XRP Spike, but Dogecoin Slips As Crypto Rally Gains Steam: Analyst Spots This New Bullish Signal for BTC Leading cryptocurrencies and adjacent equities climbed on Monday as sustained demand continued to drive the ongoing rally. | **Cryptocurrency** | **24-Hour Gains +/-** | **Price (Recorded at 9:25 p.m. EDT)** | | ------------------------------------ | --------------------- | ------------------------------------- | | **Bitcoin** (CRYPTO: BTC) | +3.37% | $79,862.51 | | **Ethereum** (CRYPTO: ETH) | +2.20% | $2,499.55 | | **XRP** (CRYPTO: XRP)             | +1.93% | $1.51 | | **Solana** (CRYPTO: SOL)             | +7.98% | $102.19 | | **Dogecoin** (CRYPTO: DOGE)    | -0.57% | $0.09134 | ## **Crypto Market Ascends** **Bitcoin** came close to breaking above $80,000 as strong buying continued to fuel its rally. Trading volume jumped 78% over the last 24 hours. **Ethereum** rose to its highest level in almost seven months, trading between $2,425 and $2,530. **Dogecoin** was the outlier, falling 0.57% in the last 24 hours. Cryptocurrency-related stocks also lifted, with **Strategy Inc.** (NASDAQ:MSTR) and **Bitmine Immersion Technologies Inc.** (NYSE:BMNR) closing up 2.83% and 5.74%, respectively.  Over $420 million was liquidated from the cryptocurrency market in the last 24 hours, nearly evenly split between long and short positions, according to Coinglass data. Bitcoin’s open interest fell 1.21% over the last 24 hours. Smart money sentiment, which refers to the collective outlook  and capital allocation of institutional investors, turned "extremely bullish." **Top Gainers (24 Hours)**  **Cryptocurrency (Market Cap>$100 M)** **Gains +/-** **Price (Recorded at 9:25 p.m. EDT)** **Black Phoenix** (BPX)       +2665.23%     $0.1066 **The Juggernaut** (JUGGERNAUT)     +130.98%     $0.006169 **DGrid AI** (DGAI)          +88.26%     $0.7210 The global cryptocurrency market capitalization stood at $2.68 trillion, following an increase of 2.36% over the last 24 hours. **Read Also: Bitcoin's Bounce Is a 'Gift To Sell,' Bloomberg's McGlone Cautions** ## **S**&P 500 Closes in the Red Major indexes started the new trading week lower.  The **S&P 500** slid 0.28% to close at 7,652.86, while the tech-focused **Nasdaq Composite** declined 0.76% to end at 25,980.19. The **Dow Jones Industrial Average** was the silver lining, rallying 140.15 points, or 0.26%, to settle at 53,417.16. **Nvidia Corp.** (NASDAQ: NVDA) second-quarter earnings report could be the key market catalyst this week. Investors will later turn their attention to Fed Chair **Kevin Warsh’s** Friday speech at Jackson Hole, watching for signals about the central bank’s long-term monetary policy plans. ## Another Bitcoin Bull Signal? **Ali Martinez**, a widely followed cryptocurrency analyst and trader, noted Bitcoin reclaiming its 1,130-day simple moving average as support after 80 days. “Over the past four market cycles, Bitcoin began a new bull market shortly after reclaiming this moving average,” Martinez stated. “If history repeats, the market bottom may already be in.” > BITCOIN: ANOTHER BULLISH SIGNAL$BTC has just reclaimed its 1,130-day simple moving average as support, a level that has consistently marked the end of previous bear markets. > > Over the past four market cycles, Bitcoin began a new bull market shortly after reclaiming this moving… https://t.co/a5vYLsH6GP pic.twitter.com/Re8TYnDe5o > > — Ali Charts (@alicharts) August 24, 2026 **Michaël van de Poppe**, another popular cryptocurrency researcher, said Bitcoin’s liquidity sweep of recent lows around $76,400, or, in a worst-case scenario, $74,000, could pressure altcoins lower. Van de Poppe warned that even in a mild correction, altcoins can drop 10%-20% rapidly due to their higher volatility relative to Bitcoin. > This has happened on #Bitcoin, that's great. > > Now it's time to think about two potential scenarios which could play out. > > 1 – We're sweeping all the recent lows and take long liquidity, in best case we'll find a low at $76,400 and move back up from there. Worst case it drops to… pic.twitter.com/6xMHrxTczb > > — Michaël van de Poppe (@CryptoMichNL) August 24, 2026 **Read Also: Bitcoin Could 'Teleport' to $90,000 but Ethereum Is Still the More Interesting Coin, Traders Say** *Photo Courtesy: Sodel Vladyslav on Shutterstock.com* ### Related Stocks - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [TXXD.US](https://longbridge.com/en/quote/TXXD.US.md) - [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md) - [XRP.US](https://longbridge.com/en/quote/XRP.US.md) - [BWOW.US](https://longbridge.com/en/quote/BWOW.US.md) - [NVDS.US](https://longbridge.com/en/quote/NVDS.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [CETH.US](https://longbridge.com/en/quote/CETH.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [FETH.US](https://longbridge.com/en/quote/FETH.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - 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