Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Khyathi Dalal

Bitcoin, Ethereum, XRP, Dogecoin Dip: The Level To Watch On The Weekend

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

Cryptocurrency markets are trading lower on Friday, erasing all of their post-FOMC gains.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $115,346.95
Ethereum (CRYPTO: ETH) $4,461.67
Solana (CRYPTO: SOL) $237.58
XRP (CRYPTO: XRP) $3.00
Dogecoin (CRYPTO: DOGE) $0.2656
Shiba Inu (CRYPTO: SHIB) $0.00001287

Notable Statistics:

  • Coinglass data shows 120,795 traders were liquidated in the past 24 hours for $321.54 million.
  • In the past 24 hours, top losers include MYX Finance (CRYPTO: MYX), Fartcoin (CRYPTO: FARTCOIN) and SPX6900 (CRYPTO: SPX).

Notable Developments:

Trader Notes: Crypto trader Scient said Bitcoin has been consolidating under $117,000 for a week, forming higher highs and lows inside a rising channel. While support sits at $112,000, the setup favors an upside breakout unless bears gain momentum.

Trader CW pointed to a strong buy wall that holds down to $114,700.

CryptoUB noted that Bitcoin is trading inside a clean range, with consolidation above $115,200 that suggests a bounce is likely. But he cautioned that losing $114,500 could trigger downside into the weekend.

Castillo Trading highlighted the post-FOMC lull, saying this weekend should reveal whether Bitcoin and Ethereum have real strength or if it's still a waiting game.

Read Next:

Image: Shutterstock

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.