Bitcoin Plummets 5%, Ethereum, XRP, Dogecoin Tumble Over 6% As Crypto Liquidations Top $1 Billion

Benzinga

Bitcoin dropped to $103,856 as $1.19B in liquidations hit the market and ETFs saw heavy outflows. Analysts see key support near $100K, warning that a fall below could trigger a deeper crypto correction.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Bitcoin fell to $103,856 on Friday, as liquidations topped $1.19 billion in 24 hours,

00:09according to CoinGlass data.

00:11Spot Bitcoin ETFs recorded $536.4 million in outflows on Thursday,

00:16while Ether ETFs saw $56.9 million leave the market.

00:20Analysts said Bitcoin could find strong buy support between $100,000 and $104,000,

00:25with potential for a rebound at bulls to fend this level.

00:27A drop to $70,000 to $80,000 range could see a little prolonged downturn.

00:32MemeCoin valuation slid 9.8% to $57.6 billion, led by Solana-based tokens down 11.3%.

00:38Dogecoin under $0.20 remains a top buy opportunity, according to Altcoin Gordon.

00:43For all things money, visit Benzinga.com.

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