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Benzinga
Benzinga
Business
Khyathi Dalal

Bitcoin, Ethereum, XRP, Dogecoin Dip As Traders Lock In Profit

Coin,Bitcoin,,Eth,And,Xrp,On,Background,Cryptocurrency,Trading,Chart

Cryptocurrency markets are pulling back on Friday morning as traders lock in profits following Bitcoin’s rally.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $116,569.36
Ethereum (CRYPTO: ETH) $4,532.32
Solana (CRYPTO: SOL) $242.50
XRP (CRYPTO: XRP) $3.03
Dogecoin (CRYPTO: DOGE) $0.2737
Shiba Inu (CRYPTO: SHIB) $0.00001311

Notable Statistics:

  • Coinglass data shows 102,639 traders were liquidated in the past 24 hours for $203.29 million.
  • SoSoValue data shows net outflows of $163 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $213 million.

Trader Notes: Crypto trader Moustache aka El Crypto Prof noted BTC has reclaimed a 2-year trendline, historically a trigger for broad market rallies.

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