Bitcoin Reclaims $112,000 As Ethereum, XRP, Dogecoin Shine After 'Eventful Weekend Action'

Cryptocurrency markets are ticking higher on Monday morning, led by Bitcoin rebounding to $112,000.

Notable Statistics:

• Coinglass data shows 87,737 traders were liquidated in the past 24 hours for $345.03 million.    
• SoSoValue data shows net outflows of $418.3 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $248.3 million.

Trader Notes: Crypto trader Scient notes Bitcoin closed the week strong but is stalling at key resistance near $112,000 ahead of the monthly close.

The rally from recent lows filled prior gaps, yet underlying support levels remain untested, leaving the recent bottom somewhat uncertain.

A flip above $112,000 could set a push toward $117,000, while failure may trigger a retrace toward the $107,000 range.

Ted Pillows highlights that Bitcoin's recent uptick was largely fueled by short covering, similar to Ethereum.

For sustained momentum, BTC requires a daily close above $113,500; otherwise, a revisit of recent lows is likely.

Trending Crypto Products

Earn Up to 3% Back in Bitcoin and Crypto on Every Purchase You Make

Get Started

Invest Your IRA or 401(k) in Real Estate, Crypto, and More with IRA Financial

Get Started

For Ethereum, Scient sees signs of a potential low forming a broader bottom structure.

A dip below $3,800 could present strong add opportunities, with safer entries in the $3,700–$3,800 range supported by weekly order blocks and the 0.75 Fibonacci pocket.

Upside strength requires reclaiming the $4,200 1D MSS level; failure keeps ETH in choppy territory.

Early October will be critical for ETH and the broader market.

AltcoinGordon anticipates a sharp, aggressive next leg higher. Traders need to position themselves early, as entering late risks chasing the move.

GreyBTC observed a new higher low for Solana targeting fresh all-time highs in Q4. Strong SOL momentum could lift meme coins and broader market sentiment.

Cas Abbe noted Dogecoin is nearing a golden cross. Historically, such setups signal the start of Altseason, with a move above $0.33 potentially triggering widespread altcoin rallies.

Read Next:

• Cathie Wood Says Bitcoin ‘Owns The Cryptocurrency Space’ — Here Is Why The Ark CEO Differs With Tom Lee On Ethereum

Image: Shutterstock