The crypto market failed to retain profits amid the prevailing volatility. Bitcoin on Friday reflected a price dip of 3.15 percent to trade at $66,050. The most expensive crypto asset has come down from its previous day’s value of $68,170. BTC’s seven-day average price is also down by near 2.5 percent.
In conversation with Coin Headlines, market analysts said Bitcoin is currently stabilizing above the key support zone near $66,800 after a pullback from the $68,800–$70,500 resistance area.
“BTC price is hovering around the 20 and 50 EMAs on the four-hour chart, showing indecision but a slightly bullish undertone as long as $66,500 holds. A confirmed move above $68,800 could trigger an upside push toward $70,500–$72,000, while a break below $66,800 might extend the correction to $65,000,” said Riya Sehgal, Research Analyst, Delta Exchange.
Ether price also dropped over the last day with its price falling under the psychologically crucial $2,000 mark. ETH price tumbled by nearly five percent to trade at $1,965.
“Ethereum is trading around $2,020 with short-term momentum supported by a recent 20/50 EMA crossover. Still, sellers remain active near $2,120–$2,160, and failure to reclaim this level may send price back to $1,940,” Sehgal added.
XRP, BNB, Solana, Dogecoin, and Cardano also registered price drops of under four percent alongside BTC and ETH. Zcash, Bitcoin Cash, Uniswap, and Pepe on the other hand, slipped by up to seven percent.
“XRP holds an $88B market cap and underpins cross-border payments on the XRP Ledger, built by Ripple. With fast settlement and low fees, XRPL aims to rival SWIFT while expanding into stablecoins and tokenized real-world assets, keeping XRP as its core liquidity token. Recent U.S. spot XRP ETF approvals have broadened investor access, and bullish technical patterns suggest a potential move toward $5,” Sathvik Vishwanath, Co-Founder and CEO, Unocoin told Coin Headlines.
The overall crypto market cap sunk by nearly three percent bringing the market valuation to $2.30 trillion, data by CoinMarketCap showed.
Over 108,000 traders were liquidated in the last 24 hours with total liquidations hitting $295 million, CoinGlass data said.