Cryptocurrency markets are slightly up on Friday morning as Bitcoin reclaimed $112,000 ahead of pivotal macroeconomic data released in the day.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $112,356.29 |
| Ethereum | (CRYPTO: ETH) | $4,420.26 |
| Solana | (CRYPTO: SOL) | $206.15 |
| XRP | (CRYPTO: XRP) | $2.84 |
| Dogecoin | (CRYPTO: DOGE) | $0.2166 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001230 |
Notable Statistics:
- Coinglass data shows 95,307 traders were liquidated in the past 24 hours for $267.77 million.
- SoSoValue data shows net outflows of $227.5 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ET'Fs saw net outflows of $167.4 million.
Trader Notes: Crypto trader Jelle noted Bitcoin has reclaimed $112,000 after two weeks below the level, now attempting to flip it into support. He said holding this zone is key for near-term upside, with $118,000 the main target.
Ted Pillows noted the latest bounce looks strong but is driven largely by perpetual futures volume and aggressive long entries, warning it could be a pre-news bull trap given key macro events and rate-cut odds ahead.
For Ethereum, Pillows marked $4,500 as the make-or-break resistance. A reclaim favors longs, while another rejection would tip momentum back toward shorts.
Cryptoinsightuk highlighted XRP lookiing primed for a move. Solana continues to track CryptosBatman's roadmap with precision, pushing higher and setting up more short-term entries.
Trader Tardigrade pointed to Dogecoin’s weekly chart and questioned whether a massive surge could be brewing.
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