<\/p>\n
BTC and ETH fell again on Friday amid global tensions and macroeconomic uncertainty.<\/p>\n
The cryptocurrency market fell again on Friday, extending a four-day losing streak<\/a> as investors grappled with rising geopolitical tensions, trade uncertainties, and the ongoing U.S. government shutdown.<\/p>\n Bitcoin (BTC<\/a>) is trading at $106,400, down 2% on the day, while Ethereum (ETH<\/a>) is hovering around $3,830, down 3.2% in the same timeframe.<\/p>\n John Glover, Chief Investment Officer at Ledn and former MD at Barclays, said he believes the current bull run in Bitcoin has ended. <\/p>\n \u201cI firmly believe that we have finished the five-wave move higher, and we will now commence a bear market that will last into late 2026 at a minimum,\u201d Glover said. \u201cThat\u2019s not to say that we can\u2019t retest $124K, or even slightly higher, but my view is that prices in the coming months will be lower than they are today.\u201d<\/p>\n He added that his expectation is that the bear market will see Bitcoin trading as low as $70,000 to $80,000, and potentially lower. \u201cThe bear market target will become clearer as we watch the price action unfold in the coming months,\u201d Glover said. <\/p>\n Other Top 10 coins also plunged: BNB slipped 7% to $1,074, Solana (SOL) fell 3% to $183, and XRP declined 2.8% to $2.29.<\/p>\n Among smaller tokens, the day\u2019s biggest losers included AAVE, down nearly 13% to $203; ASTER, down 12% to $1.13; and Flare (FLR), down 8.5% to $0.06. <\/p>\n The top gainer of the day was Ethena (ENA), which surged 9% to $0.43, according to CoinGecko.<\/p>\n The total crypto market capitalization dropped 1.5% to $3.70 trillion, with Bitcoin\u2019s dominance at 57.4% and Ethereum\u2019s share at 12.4%.<\/p>\n Around $972 million in crypto positions were liquidated over the past 24 hours, according to Coinglass data. Longs made up about $682 million, while shorts accounted for $286 million.<\/p>\n Bitcoin led the liquidations with nearly $345 million, followed by Ethereum at around $231 million. Altcoins collectively contributed around $85 million.<\/p>\n Spot Bitcoin ETFs recorded $536 million in outflows on Thursday, marking a second straight day of withdrawals that now total around $637 million. Spot Ethereum ETFs also had outflows, totaling nearly $57 million, according to SoSoValue.<\/p>\n The persistent market weakness highlights a cautious environment as economic and global tensions hit an already shaky crypto market, prompting traders to rethink risks in digital assets. <\/p>\n Today, President Donald Trump is meeting with Ukrainian President Volodymyr Zelenskyy to talk about giving Kyiv tools to hit deeper into Russia, including a possible trade of Ukrainian drones for long-range missiles.<\/p>\n Trump also said he hopes to persuade Russian President Vladimir Putin to end the war during an upcoming meeting in Hungary, while coordinating with Zelenskyy, CNN reported.<\/p>\n Domestically, the government shutdown is still ongoing, with Senate Republicans and Democrats at an impasse over funding and health care, and no deal in sight. <\/p>\n The only potential relief comes from the Federal Reserve, which meets later this month. Most investors are expecting a rate cut, with CME Group data showing a 96% chance of a 25 basis point reduction. <\/p>\n \u201cThe way markets are reacting now is a mix of panic selling, stops triggering, and selective inbound bids as buyers try to pick bottoms,\u201d said David Siemer, CEO of Wave Digital Assets. \u201cWe\u2019re probably not seeing a full systemic \u2018crash\u2019, but we are entering an environment where a break below major support levels (e.g. for Bitcoin around $100K) could lead to another leg down.\u201d <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" BTC and ETH fell again on Friday amid global tensions and macroeconomic uncertainty. The cryptocurrency market fell again on Friday, extending a four-day losing streak as investors grappled with rising geopolitical tensions, trade uncertainties, and the ongoing U.S. government shutdown. Bitcoin (BTC) is trading at $106,400, down 2% on the day, while Ethereum (ETH) is […]<\/p>\n","protected":false},"author":2,"featured_media":408410,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-408407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=408407"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408407\/revisions"}],"predecessor-version":[{"id":408411,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408407\/revisions\/408411"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/408410"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=408407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=408407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=408407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Total Crypto Market Cap Drops<\/h2>\n
Liquidations and Market Flows<\/h2>\n
Geopolitical and Macro Uncertainty<\/h2>\n