Bitcoin Rises Back to $112,000 as Ethereum, XRP, and Dogecoin Stay Steady Before Jobs D
Posted by
Rima Dwi Astuti
Crypto Market Update: Bitcoin Back Above $112,000
The crypto market moved slightly higher on Friday morning, with Bitcoin climbing back to $112,000 after spending two weeks below that level. Traders are now watching important U.S. economic data due later today.
Key Numbers:
- Over 95,000 traders were liquidated in the last 24 hours, worth around $267.7 million (Coinglass).
- Spot Bitcoin ETFs saw $227.5 million outflows on Wednesday, while Ethereum ETFs had $167.4 million outflows (SoSoValue).
Trader Insights:
- Jelle: Bitcoin holding above $112,000 could open the path toward $118,000.
- Ted Pillows: The bounce looks strong but may be risky, since it’s driven by futures trading and could be a bull trap ahead of key economic news.
- Ethereum: Needs to break $4,500 resistance; otherwise, momentum may shift back to sellers.
- XRP: Looks ready for a move higher.
- Solana: Following a bullish trend, offering new short-term entry points.
- Dogecoin: Some traders wonder if a big rally is building on its weekly chart.
