Major cryptocurrencies are trending higher early Friday, signaling renewed investor optimism heading into the weekend.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $103,680.88 | +1.3% |
| Ethereum ETH/USD | $2,627.97 | +2.7% |
| Solana SOL/USD | $173.2 | +1.2% |
| XRP XRP/USD | $2.43 | -1.8% |
| Dogecoin DOGE/USD | $0.2278 | +0.5% |
| Shiba Inu SHIB/USD | $0.00001507 | +0.3% |
Notable Statistics:
- IntoTheBlock data shows Bitcoin and Ethereum large transaction volume increased 5.4% and 1.3%, respectively. While ETH’s daily active addresses are up 1.6%, Bitcoin’s daily active addresses are down 6.3%.
- Coinglass data shows 123,626 traders were liquidated in the past 24 hours for $340.61 million.
- Crypto chart analyst Ali Martinez noted that Bitcoin whales have booked profits by selling more than 30,000 BTC in the last 72 hours.
Trader Notes: Crypto trader Ted Pillows believes Bitcoin is on the verge of a historic breakout, stating it’s “only one bullish candle away” from a new all-time high. His outlook remains ultra-bullish.
Meanwhile, trader Honey highlights a developing golden cross on BTC’s 1-day charts historically bullish signal. The last time this pattern emerged, Bitcoin rocketed from $60,000 to $110,000 in just two months.
On the altcoin front, Ali Martinez suggests Solana could break out of its long-forming cup-and-handle pattern if it decisively clears the $200 level, calling it an “instant buy” trigger.
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Ethereum is gaining traction too. According to Michael van de Poppe, ETH just completed its first major move higher, though he expects short-term consolidation as volatility increases. He sees sub-$2,400 dips as strong buying opportunities.
Complementing that view, Captain Faibik notes ETH has broken out of a descending broadening wedge after a 5-month correction, historically a bullish setup. A clean move above $2,700 could fuel a rally toward $3,800–$4,000.
XRP also shows early signs of life. Trader cryptoinsightuk believes a bullish continuation is on the table if momentum sustains.
Lastly, Dogecoin is consolidating just below resistance. Trader Tardigrade expects this pause to continue for several days before a potential breakout toward $0.40, citing a bullish technical setup.
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