Cryptocurrency markets are trading lower on Friday, erasing all of their post-FOMC gains.
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:
- Communist Laos Looking To Turn Extra Hydropower Into Crypto Mining To Tackle Debt: Report
- Brera Holdings Becomes ‘Solmate,’ Records 225% Jump After Announcing Solana Treasury Strategy — Rally Simmers Down After Hours
- Bitcoin Bet Ignites Rally: ZOOZ Becomes First Nasdaq–TASE Firm To Adopt Treasury Reserve Mode
- XRP ETF Sets Record For 2025 Launch Volumes, DOGE ETF Ranks In Top Five: Is This A ‘Digital Asset Revolution’?
- Michael Saylor Hints At Selling Bitcoin To Fund MSTR Dividends In ‘Worst-Case Scenario,’ Short-Seller Jim Chanos Calls It ‘Financial Gibberish’
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.
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