Bitcoin failed to reclaim the $90,000 level even after President Trump paused proposed tariffs as heavy institutional outflows continued to weigh on the market.
Bitcoin ETFs saw $708.7 million in net outflows on Thursday, while Ethereum ETFs reported $287 million in net outflows.
Trader Commentary
Trader CryptosBatman said Bitcoin has broken below its bullish trendline and is attempting a minor retest. He noted that the breakdown shifts the bias to bearish unless the trendline is decisively reclaimed.
Chart analyst Ali Martinez highlighted key technical levels across major assets:
- Bitcoin: $85,180, the 730-day simple moving average, which has historically marked major market turning points.
- Ethereum: Accumulation interest around $1,800, with a long-term target of $10,000.
- XRP: Support at $1.78, with resistance at $1.97 and $2.
Cryptocurrency |
Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $89,943.06 |
| Ethereum | (CRYPTO: ETH) | $2,999.78 |
| Solana | (CRYPTO: SOL) | $129.99 |
| XRP | (CRYPTO: XRP) | $1.95 |
| Dogecoin | (CRYPTO: DOGE) | $0.1265 |
| Shiba Inu | (CRYPTO: SHIB) | $0.057954 |
The memecoin sector rose 4.9% to a market capitalization of $45.6 billion, tracking broader altcoin gains.
Bitcoinsensus said Dogecoin appears positioned for another potential upside move, noting that each rally in the current cycle has been larger than the last, with prior gains of roughly 190% and 480%.
Meanwhile, Shibburn data showed SHIB’s burn rate jumped 257.9% in a single day, with approximately 11.6 million tokens removed from circulation.
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