Bitcoin Below $63,000, XRP Under $1 as Ethereum, Dogecoin Struggle to Hold Support

Bitcoin trades sideways heading into the weekend as spot BTC ETFs see significant outflows and crypto sentiment remains firmly in the fear zone.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$62,810
Ethereum	(CRYPTO: ETH)	$1,872
Solana	(CRYPTO: SOL)	$75.10
XRP	(CRYPTO: XRP)	$0.9984
Dogecoin	(CRYPTO: DOGE)	$0.06982
Shiba Inu	(CRYPTO: SHIB)	$0.054615

Notable Statistics:

• Coinglass data shows 82,737 traders were liquidated in the past 24 hours for $166.56 million.       
• SoSoValue data shows net outflows of $131.1 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $6.72 million.
• In the past 24 hours, top gainers include Bitway, OKB and Shiba Inu.

Notable Developments:

• Bitcoin, Ethereum, Solana, XRP Remain Trapped: ‘Crypto Bottom May Take Months,’ Trader Cautions
• ‘Crypto is Dead’ Chatter Is Back but Here’s Why That’s Bullish for BTC, ETH, XRP
• Bitcoin Holding Above $60,000 Is ‘Very Telling’, Analyst Says
• Forget Bitcoin, S&P 500: Pokémon Cards Are Up 28% In 2026 and Beating Them Both
• Strategy, Metaplanet Face MSCI Exclusion Again: Will History Repeat?
• The S&P 500 Pumped on Good Inflation Data — Why Didn’t Bitcoin?
• XRP Clinging On to $1 and Could Crater Another 50%, Analyst Warns
• Trump-Affiliated WLFI Token Delays Expansion Plans Over Iran War

Trader Notes:

Trader Michael van de Poppe said the key is to keep accumulating Bitcoin rather than trying to time the exact bottom.

Over a five-year horizon, buying at $55,000 versus $60,000 may matter little, just as buying at $16,000 versus $20,000 four years ago does today.

Rekt Capital noted Bitcoin has repeatedly wicked below $63,000 but managed to recover.

However, weakening rebounds from that level, combined with Bitcoin’s historical tendency to roll over in the second half of August during bear-market years, point to growing downside risk.

A weekly close below $63,000 would confirm the existing technical and seasonal weakness.

Altcoin Sherpa expects Bitcoin to remain in a 2-4 month consolidation phase even after finding a bottom, like 2018 and 2022.

However, both prior cycles featured sharp capitulation moves around the final bottom, something the trader believes has yet to occur this cycle, potentially setting up a volatile latter half of the year.

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