Overview
- Bitcoin briefly fell to roughly $93,000 before recovering toward the mid-$90,000s, marking its lowest level since April as the broader crypto market extended weekly losses.
- The daily chart confirmed a death cross with the 50-day moving average crossing below the 200-day, a bearish signal noted by multiple market analyses.
- Roughly $243 million in Bitcoin futures positions were liquidated in 24 hours, while major tokens such as ether, solana and XRP posted 8%–16% weekly declines.
- U.S. spot Bitcoin ETFs recorded more than $2.3 billion in net outflows over the past two weeks, adding to pressure on prices during a risk-off stretch.
- XRP’s new U.S. spot ETF from Canary Capital logged a strong debut with $58.6 million in first-day volume and over $248 million in assets, yet XRP hovered near $2.22–$2.26 as on-chain data showed large whale distributions and about $28 million in derivatives liquidations.