Bitcoin Drops To $107,000 As Ethereum, XRP, Dogecoin Plummet Over 5%

Cryptocurrencies are down on Monday as total liquidations reached $493.6 million over the past 24 hours.

Spot ETFs saw continued outflows, with Bitcoin funds losing $191.6 million and Ethereum funds $98.2 million on Friday.

Red Monday, Green Week?

Michael van de Poppe noted that Bitcoin’s weekly chart remains strong, with the current consolidation appearing healthy, a green week could pave the way for new all-time highs.

Crypto trader Jelle added that despite bearish breakdown attempts, Bitcoin continues to form higher lows at key support, suggesting a possible “red Monday, green week” …

Full story available on Benzinga.com