Crypto price charts reflected more gains than losses on Friday amid the ongoing market fluctuations. Bitcoin on Friday reflected a price hike of 1.53 percent on Friday to trade at $67,170. The asset’s last day’s price was $67,340.
In conversation with Coin Headlines, analysts pointed out that Google Trends showing searches like ‘Bitcoin going to zero’ spiking to levels last seen during the 2022 FTX panic historically aligns with market bottoms.
“Bitcoin is trading near $67,000 after successfully defending the $65,500 support zone. Stronger jobless claims data and a widening trade deficit have briefly pushed markets into a cautious mode. However, sentiment indicators suggest this phase may be closer to exhaustion than escalation,” said Akshat Siddhant, Lead quant analyst, Mudrex.
Ether joined BTC in fetching minor profits on Friday. At press time, ETH was trading at $1,945 — up by under one percent over the last day.
“Despite market volatility, large ETH holders continue accumulating, historically a sign of cyclical bottoms. With rising demand for yield-bearing digital assets, Ethereum’s expanding RWA ecosystem may reshape how traditional capital markets,” Sathvik Vishwanath, Co-Founder and CEO of Unocoin told Coin Headlines.
BNB, Solana, Torn, Cardano, Hyperliquid, Hedera, Litecoin, and Avalanche registered gains within the range of one percent to three percent over the last day, but continued to show price fluctuations on Friday.
Meanwhile, XRP joined Dogecoin, Canton, Zcash, Toncoin, and Pepe in logging losses of unto three percent.
The overall crypto market cap rose by 1.12 percent over the last day, bringing the market’s valuation to $2.3 trillion, data by CoinMarketCap showed.
“Institutions are increasingly moving private credit and U.S. Treasuries on-chain, signaling a structural shift in capital allocation. BlackRock’s BUIDL fund and initiatives from JPMorgan Chase highlight growing institutional adoption, while platforms like Binance integrate tokenized Treasuries into trading infrastructure,” Vishwanath noted.
Over 80,000 traders were liquidated in the last 24 hours with total liquidations hitting $180.8 million, as per CoinGlass.