Chart of the Day - Monday, February 24, 2025

Patrick Dunuwila
February 24, 2025

Chart of the Day


🏆 Today's Chart of the Day was shared by Steve Strazza (@sstrazza). 
 

  • It was a bloody Monday for the Crypto markets. Bitcoin dropped -4.9% while the top three altcoins ($ETH, $XRP, and $SOL) each suffered double-digit declines of -10.9%, -11.6%, and -15.6%, respectively.
     
  • Steve points out that several leading stocks and coins are breaking down. Solana ($SOL), Coinbase ($COIN), and the company formerly known as MicroStrategy ($MSTR) have broken their AVWAPS from the Q3 low. 
     
  • While Bitcoin remains rangebound between $89K and $109k, this broad deterioration across the Crypto space suggests Bitcoin will resolve lower from its three-month range. 
     

The Takeaway: While Bitcoin remains rangebound, several leaders hint at further pain for Crypto in the near term. Check out the full note here. 

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