Bitcoin, Ethereum, XRP, Dogecoin Consolidate Ahead Of Powell’s Friday Speech

Cryptocurrency markets are trading sideways ahead of Fed Chair Jerome Powell‘s speech on Friday.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $113,362.70
Ethereum (CRYPTO: ETH) $4,292.75
Solana (CRYPTO: SOL) $184.32
XRP (CRYPTO: XRP) $2.90
Dogecoin (CRYPTO: DOGE) $0.2185 
Shiba Inu (CRYPTO: SHIB) $0.00001246

Notable Statistics:

  • Coinglass data shows 94,345 traders were liquidated in the past 24 hours for $350.58 million.       
  • SoSoValue data shows net outflows of $311.6 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $240.1 million. 

Trader Notes: Crypto trader Jelle highlighted that Bitcoin cycles typically last 1,064 days, with the biggest gains occurring in the last 30–60 days. If history repeats, the “season finale” could start next week.

Daan Crypto Trades sees Bitcoin testing a local range low while holding support from …

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