Bitcoin, Ethereum Slip 3% As XRP, Dogecoin Fall Over 6% On Holiday-Thinned Trading
Bitcoin continued to hover near the $68,000 mark despite improving Fear & Greed sentiment and modestly positive ETF flows; liquidations stand at $$261.4 million over the past 24 hours.
Bitcoin ETFs saw $15.2 million in net inflows on Friday, while Ethereum ETFs reported $10.3 million in net inflows.
Untapped Liquidity Below
Crypto trader Jelle said Bitcoin appears to be finding local demand around its previous all-time highs. Historically, similar setups require several weeks of re-accumulation before a sustained reversal, suggesting patience is warranted.
Crypto Tony identified $67,300 as a near-term downside target, citing significant untapped liquidity resting below current levels. A sweep of that zone could provide the fuel for a stronger rebound.
Trader Tardigrade said Ethereum is forming a bearish pennant on the three-day chart, consolidating within converging trendlines after its recent drop. The pattern favors downside continuation, with a projected breakdown target near $1,136. A decisive break below support could accelerate losses.
Crypto chart analyst Ali Martinez warned that the last time XRP printed a weekly gravestone doji, the token declined 46%. If the pattern reappears, it could signal renewed downside risk.
| Cryptocurrency |
Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $68,485.79 |
| Ethereum | (CRYPTO: ETH) | $1,962.79 |
| Solana | (CRYPTO: SOL) | $84.99 |
| XRP | (CRYPTO: XRP) | $1.47 |
| Dogecoin | (CRYPTO: DOGE) | $0.1018 |
| Shiba Inu | (CRYPTO: SHIB) | $0.056540 |
The meme coin sector fell roughly 6% to $36.4 billion, mirroring broader crypto softness.
Daan Crypto Trades noted Dogecoin recently tested the $0.08 level, with the $0.08–$0.13 range now acting as a key consolidation zone. A breakout above that band would increase the probability of a move toward the daily 200-day moving average and exponential moving average.
For now, however, price sits near the middle of the range, leaving short-term direction uncertain.
Image: Shutterstock
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Einride’s driverless truck clears Germany’s toughest permit after already running routes in the US and Europe
Gold, silver prices settle lower as Fed hike looks locked in - Kitco PM Report

Indonesian Rupiah: Market tests Indonesia policy credibility – Commerzbank
