Bitcoin Taps $70,000, Ethereum, XRP, Dogecoin Unwind Shorts On Trump Strike Delay

Bitcoin tapped $70,000 on Monday morning as President Trump announced a five-day delay on his deadline to strike Iranian energy infrastructure.

Meme coin market capitalization gained around 3% over the past 24 hours to $33.4 billion.

Trader Commentary:

Crypto chart analyst Ali Martinez said Bitcoin is trading in a "no-trade zone" between $65,636 and $70,685, where heavy volume, about 1.72 million BTC, reflects strong buyer and seller activity.

He said the range has become a key battleground, with a breakout or breakdown needed to determine the next major move.

For Ethereum, Martinez pointed to key MVRV levels, with $1,655 as critical support and $2,356 as initial resistance. A breakout could target $2,647–$3,639 in the midterm, with $4,632–$5,624 as longer-term upside zones.

Crypto Tony said Solana could decline toward the $77 level, marking a potential downside target.

Martinez also noted that XRP whales accumulated about 40 million tokens over the past week. Combined with a TD Sequential buy signal, this could signal a potential rebound.

Trader Tardigrade said Dogecoin is still holding support on the daily close, but weakening momentum, with the relative strength index breaking down and the MACD nearing a bearish crossover, makes this a critical zone for risk management.

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