Bitcoin, ETH, XRP, Hold Steady, Dogecoin Spikes 4% Ahead Of Inflation Data

Cyptocurrencies are consolidating on Wednesday morning as the market awaits the latest Consumer Price Inflation data report.

Cryptocurrency	Price	Gains +/-
Bitcoin BTC/USD	$109,282	-0.2%
Ethereum ETH/USD	$2,766	+2.7%
Solana SOL/USD	$164.78	+3.6%
XRP XRP/USD	$2.32	+1.3%
Dogecoin DOGE/USD	$0.1999	+4.2%
Shiba Inu SHIB/USD	$0.0000132	+1.6%

Notable Developments:

Trader Notes: Crypto trader Jelle emphasized the importance of the $109,000 level for Bitcoin, suggesting that holding this support could mark the beginning of price discovery.

Chart analyst Ali Martinez identified the key support zone for BTC between $106,090 and $102,770, warning that losing this range could shift momentum.

Analyst Michael van de Poppe pointed to a bearish divergence in Bitcoin dominance, indicating a potential trend reversal that could lead to broader altcoin strength.

There's a strong bearish divergence on the #Bitcoin dominance, implying that we're reversing into a downtrend. pic.twitter.com/TcG30Jn9Tk
— Michaël van de Poppe (@CryptoMichNL) June 10, 2025

Altcoin Sherpa noted that Bitcoin is currently in a risky zone, with a potential pullback from the red supply area.

Still, he maintains a bullish outlook on higher time frames, viewing any dips as buying opportunities — so long as no decisive breakdown occurs.

$BTC this is still a dangerous area and it's logical to assume some sort of pullback is going to come in the red supply zone. With that said, I still think high time frames look pretty good and these are dips you should buy. Still bullish until shown otherwise. pic.twitter.com/gZSJIFWCCE
— Altcoin Sherpa (@AltcoinSherpa) June 10, 2025

On the bearish end, trader Roman issued a stronger warning, citing multiple red flags: macro and local bearish divergences, weak price action, distribution signals, and overbought stochastic indicators. He believes a significant drop could catch many off guard.

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