Bitcoin is trading sideways after the U.S. ISM PMI climbed to its highest level since 2022, easing recession fears.



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: BTC)</td><td>$78,262</td></tr><tr><td>Ethereum</td><td>(CRYPTO: ETH)</td><td>$2,328</td></tr><tr><td>Solana</td><td>(CRYPTO: SOL)</td><td>$104.36</td></tr><tr><td>XRP</td><td>(CRYPTO: XRP)</td><td>$1.63</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: DOGE)</td><td>$0.1083</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: SHIB)</td><td>$0.056923</td></tr></tbody></table></figure>



Notable Statistics:



<ul>
<li>Coinglass data shows 184,994 traders were liquidated in the past 24 hours for $765.88 million.        </li>



<li>In the past 24 hours, top gainers include Stable, Stacks and Canton.</li>
</ul>



Notable Developments:



<ul>
<li>Bitcoin’s Post-Election ‘Trump Pump’ Almost Fully Gone: What Now?</li>



<li>If Ethereum Becomes A Treasury Asset, These Stocks Could Benefit</li>



<li>Bitcoin Down 11% In A Week: What Is Going On?</li>



<li>Tom Lee’s BitMine Down $6B On Ethereum, But Here’s Why He Keeps Buying</li>



<li>Bitcoin’s Crash Below $80,000 Means ETF Holders Now Sit On A $7B Loss</li>



<li>Inside The $187M Deal Between The Trump Family And The UAE’s ‘Spy Sheikh’</li>
</ul>



Trader Notes: IncomeSharks noted that Bitcoin has survived far more severe drawdowns in the past, including an 87% collapse that lasted more than a year and pushed prices into the low $200s.



At the time, it genuinely looked like Bitcoin was going to zero, he said, adding that every major crash since has ended with a higher low and a continuation of the long-term uptrend.



Crypto trader Jelle said Bitcoin's four-year cycle structure still appears intact, noting that the previous bear market lasted only about two weeks longer than expected. 



He added that the current cycle top is roughly two weeks shy of the same 1,064-day pattern, making it a key structure to monitor.



Crypto Limbo warned that Bitcoin must hold current support to avoid renewed downside pressure. 



He said a brief wick toward the 200-day EMA near $68,000 remains possible, but that zone could also act as a launchpad for a move higher.



Benjamin Cowen noted Bitcoin is now testing the April 2025 lows, adding that a clean breakdown from here would likely trigger a swift move toward the 200-week simple moving average.



Image: Shutterstock

Bitcoin is trading sideways following a weekend crash, with the U.S. ISM PMI rising to its highest since 2022, alleviating recession concerns. Current prices are Bitcoin at $78,262, Ethereum at $2,328, and XRP at $1.63. In the last 24 hours, 184,994 traders were liquidated, totaling $765.88 million. Analysts note Bitcoin's resilience through past downturns and emphasize the importance of maintaining current support levels to avoid further declines. The market remains cautious as Bitcoin tests significant price levels.

- Bitcoin is experiencing sideways trading following a rise in the U.S. ISM PMI, which has eased recession fears.  
- In the past 24 hours, nearly 185,000 traders were liquidated for approximately $765.88 million, while Bitcoin's value has fallen by 11% over the week.  
- Analysts warn that Bitcoin must maintain current support levels to prevent further downturns, as it tests significant price lows.

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Bitcoin, Ethereum, XRP, Dogecoin Trade Sideways After Weekend Crash