September 18, 20:29

Bitcoin reclaims $80,000 as Ethereum, XRP and Dogecoin jump over 6%

Bitcoin Reclaims $80,000 as Ethereum, XRP, Dogecoin Jump Over 6% in Risk-On Rally

Benzinga

Bitcoin reclaimed $80,000 for the first time since early September as spot Bitcoin ETF flows turned positive, adding momentum to a broader risk-on rally. Ethereum, XRP and Dogecoin rose more than 6%. Coinglass data showed that 111,660 traders were liquidated over the past 24 hours for $547.80 million. SoSoValue data showed $159.5 million in net inflows from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs recorded $39.2 million in net outflows. Akedo, NEAR Protocol and Arbitrum were among the top gainers over the past 24 hours. Altcoin Sherpa said Bitcoin needs a strong break above $82,000 to open the way toward the $100,000 region. He said minor pullbacks could occur and that a breakout from Bitcoin's nearly month-long range is key. KillaXBT said he plans to hedge 50% of his Bitcoin long exposure around $82,000 to $84,000, with invalidation at $86,700. He remains heavily long but considers continued range-bound trading the most likely near-term scenario. Wick said Bitcoin is attempting a Phase 2 continuation breakout but needs to reclaim stronger market structure to confirm further upside. He emphasized managing risk amid heightened crypto volatility and turning daily setups into longer-term positions.

This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.