Bitcoin, Ethereum, XRP, Dogecoin Pause Ahead Of FOMC Minutes Release

BY Benzinga | ECONOMIC | 07:42 AM EST

Bitcoin is trading around $87,000 on Tuesday as liquidations stand at $188.74 million over the past 24 hours.? ??

Bitcoin ETFs saw $19.3 million in net outflows on Monday, while Ethereum ETFs reported $9.63 million in net outflows.

What's Holding Markets Back

Michael van de Poppe said Bitcoin continues to face rejection above $88,000 and remains locked in a multi-week consolidation range.

While prolonged compression often precedes a major move, he stressed that patience is required until a clear breakout or breakdown emerges.

Crypto chart analyst Ali Martinez noted that Bitcoin printed a death cross between the 10-week and 50-week simple moving averages about three weeks ago.

The pattern is historically bearish and signals weakening momentum.

Ted Pillows said the release of the FOMC minutes could trigger short-term volatility.

For any sustained upside, Ethereum must reclaim and hold above the $3,000 level, which he identified as a key pivot.

Crypto Tony highlighted $118 as a critical support level for Solana. A clean break below this zone would significantly weaken its technical structure.

<figure class="wp-block-table">

Cryptocurrency
TickerPrice
Bitcoin(CRYPTO: BTC)$87,823.98
Ethereum(CRYPTO: ETH)$2,972.70
Solana(CRYPTO: SOL)$124.19              
XRP(CRYPTO: XRP)$1.85
</figure>

The broader meme coin market slipped 0.9% to a total market capitalization of $42.2 billion.

Crypto trader Javon Marks said Dogecoin's breakout target stands near $0.6533, representing roughly 401% upside from current levels.

He added that price action since early 2022 continues to suggest a broader uptrend.

A decisive move above $0.6533 could open the door to a rally toward $1.25.

<figure class="wp-block-table">
CryptocurrencyTickerPrice
Dogecoin(CRYPTO: DOGE)$0.1245
Shiba Inu(CRYPTO: SHIB)$0.057186
</figure>

Read Next:

  • Bitcoin 2026 Price Predictions: Who’s Bullish, Who’s Bearish, And Why?

Image: Shutterstock

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article