Bitcoin, Ethereum, XRP, Trade Sideways As Dogecoin Gains On Friday
Bitcoin prices remain largely flat amid sell-off sentiment following last week’s fresh all-time highs, keeping cryptocurrency markets subdued early Friday.
Spot Bitcoin ETFs saw inflows of $197.7 million, while spot Ethereum ETFs experienced an outflow of $8.5 million on Thursday.
In the past 24 hours, around 138,614 traders were liquidated for a total of $427.45 million. Bitcoin’s open interest has dropped to $90.2 million but still remains near peak levels.
Will Altcoins Repeat The 2017/2021 Rally?
El Crypto Prof aka Moustache highlighted that altcoins are approaching a crucial decision point. Despite widespread pessimism, historical patterns from 2017 and 2021 indicate the potential for another major rally.
Crypto chart analyst Ali Martinez warned that in a worst-case scenario, Bitcoin could face rejection at $124,000, triggering a drop first to $96,000 and potentially further down to $70,000.
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