Bitcoin, Ethereum, Dogecoin Trend Lower, XRP Holds Steady As Texas Eyes Strategic BTC Reserve

Cryptocurrency markets are buying and selling largely sideways on Thursday because the Texas Senate handed a strategic Bitcoin reserve invoice, which now advances to the Home.

Cryptocurrency	Value	Beneficial properties +/-
Bitcoin BTC/USD	$88,486.05	-1.5%
Ethereum ETH/USD	$2,200.97	-0.7%
Solana SOL/USD	$143.60	-0.96%
XRP XRP/USD	$2.58	+3.4%
Dogecoin DOGE/USD	$0.2006	-1.5%
Shiba Inu SHIB/USD	$0.00001327	+0.02%

Notable Statistics:

IntoTheBlock knowledge reveals massive transaction quantity reducing by 7.6% and every day lively addresses falling by 0.9%. Transactions larger than $100,000 are down from 11,748 to 10,490 in a single day. Exchanges netflows are down by 11%.
Coinglass knowledge experiences 97,723 merchants have been liquidated up to now 24 hours for $281.31 million.
Crypto chart analyst Ali Martinez noted round 4,375 new wallets holding greater than 1 BTC have been created over the previous two weeks.
IntoTheBlock knowledge shows merchants have expressed conviction in Bitcoin withdrawing round $900 million price BTC from exchanges over previous seven days.

Notable Developments:

Prime Gainers:

Cryptocurrency	Value	Beneficial properties +/-
Motion MOVE/USD	$0.4768	+15.8%
Cronos CRO/USD	$0.08841	+12.2%
Sui SUI/USD	$2.81	+7.5%

Dealer Notes: Crypto dealer Kevin reposts the 3-Day MACD chart on crimson days to remind merchants that the market remains to be in a correction part.

Based mostly on historic traits, he expects it to resolve between late March and late April and advises persistence.

I be certain that re put up the this chart of the three day MACD on crimson days to remind people who sure we’re nonetheless in a correctional part of the market and it may take time for it to resolve. Possible between the top of March to finish of April timeframe based mostly on common days. Simply take… https://t.co/4yHPObyxC6

— Kevin (@Kev_Capital_TA) March 6, 2025

Crypto chart analyst Ali Martinez highlighted that Bitcoin, Ethereum and Solana have been transferring in shut sync over the previous two weeks, suggesting a robust correlation in worth motion.

Altstreet Bets warned that if Bitcoin fails to shut above $95,000 on the weekly chart, it is ‘really over.’ He added that the upcoming White Home crypto summit might be the final probability for bulls to show themselves.

#BTC , If bulls aren’t in a position to shut it above 95k on weekly then its really over.
Tomorrow occasion is one final probability for bulls to show themselves or GTFO. pic.twitter.com/GKUnEhlPN1

— ᴀʟᴛꜱᴛʀᴇᴇᴛ ʙᴇᴛꜱ (@AltstreetBet) March 6, 2025