Bitcoin News Today: Crypto Markets Stay Range-Bound Amid U.S. Sanctions Uncertainty

Cryptocurrency markets remained range-bound on Wednesday, with Bitcoin, Ethereum, XRP, and Dogecoin showing little directional movement as traders waited for clarity on potential U.S. sanctions against Russia. Bitcoin was quoted at $113,909, Ethereum at $3,585, XRP at $2.95, and Dogecoin at $0.20 [1]. Market sentiment remained cautious, with key price levels consolidating ahead of the anticipated decision by the Trump administration [2].

IntoTheBlock data indicated a decline in large transactions for both Bitcoin and Ethereum, with drops of 11.8% and 19.1%, respectively, while daily active addresses increased slightly [1]. Coinglass reported $342.09 million in liquidations over the past 24 hours, affecting 136,367 traders [1]. Meanwhile, spot Bitcoin ETFs experienced $196.2 million in net outflows, while Ethereum ETFs saw $73.2 million in net inflows [1].

Analysts noted that Bitcoin's support levels appeared to be holding well, with traders anticipating potential consolidation or sideways movement in the $113,000 to $116,800 range [1]. Crypto Caesar highlighted the importance of maintaining current support, while CrypNuevo pointed to liquidation clusters forming around $116,800–$119,000, making that zone a likely target [1]. From a swing-trading perspective, a move into that liquidity area is expected, with a potential rebound from the 1-day 50 EMA at $113,000 or key structural support at $110,000 [1].

Ethereum’s performance mirrored that of Bitcoin, with bulls awaiting a potential rally within a defined timeframe [1]. XRP was seen on a favorable path toward the next Fibonacci levels at $3.84 and $4.33, but a break below the recent low would invalidate the bullish scenario and trigger bearish alternatives [1]. Dogecoin showed signs of mid-term bullish momentum after reclaiming the 50 SMA and successfully retesting it [1].

The broader geopolitical landscape, particularly the Trump administration’s consideration of new sanctions targeting Russia’s oil sector, added an extra layer of uncertainty for risk-sensitive assets [2]. Such measures could introduce further volatility, prompting traders to exercise caution before committing capital [2].

With no major price surges observed and trading volumes remaining stable, the market remained in a state of anticipation. Traders are likely waiting for official policy announcements before taking larger positions, as the potential for cascading impacts from sanctions continues to weigh on market sentiment [2].

As the week progresses, market participants are expected to remain on standby, with the focus squarely on how the U.S. administration will proceed in its response to Russian actions. The outcome could influence not only traditional markets but also the trajectory of digital assets in the coming days.

Source:

[1] Benzinga (https://www.benzinga.com/crypto/cryptocurrency/25/08/46898795/bitcoin-ethereum-xrp-dogecoin-continue-ranging-ahead-of-decision-on-sanctions-against-russia?utm_source=coingecko&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site)

[2] Moomoo (https://www.moomoo.com/news/post/56527746/bitcoin-ethereum-xrp-dogecoin-continue-ranging-ahead-of-decision-on)