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

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

CryptocurrencyTickerPriceBitcoinBTC/USD$116,569.36EthereumETH/USD$4,532.32SolanaSOL/USD$242.50XRPXRP/USD$3.03DogecoinDOGE/USD$0.2737Shiba InuSHIB/USD$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.

#Bitcoin $BTC did it again‼️

A reclaim of the trendline that has been in place for 2 years.

The last time this happened, we saw a strong rise for the entire crypto market in the following weeks.👀 pic.twitter.com/Z4SCNSqbyr

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