Bitcoin Below $63,000, XRP Under $1 as Ethereum, Dogecoin Struggle to Hold Support

Bitcoin trades sideways heading into the weekend as spot BTC ETFs see significant outflows and crypto sentiment remains firmly in the fear zone.CryptocurrencyTickerPriceBitcoin$62,810Ethereum$1,872Solana$75.10XRP$0.9984Dogecoin$0.06982Shiba Inu(CRYPTO: SHIB)$0.054615Notable Statistics:Coinglass data shows 82,737 traders were liquidated in the past 24 hours for $166.56 million. SoSoValue data shows net outflows of $131.1 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $6.72 million.In the past 24 hours, top gainers include Bitway, OKB and Shiba Inu.Notable Developments:Bitcoin, Ethereum, Solana, XRP Remain Trapped: ‘Crypto Bottom May Take Months,’ Trader Cautions‘Crypto is Dead’ Chatter Is Back but Here’s Why That’s Bullish for BTC, ETH, XRPBitcoin Holding Above $60,000 Is ‘Very Telling’, Analyst SaysForget Bitcoin, S&P 500: Pokémon Cards Are Up 28% In 2026 and Beating Them BothStrategy, Metaplanet Face MSCI Exclusion Again: Will History Repeat?The S&P 500 Pumped on Good Inflation Data — Why Didn’t Bitcoin?XRP Clinging On to $1 and Could Crater Another 50%, Analyst WarnsTrump-Affiliated WLFI Token Delays Expansion Plans Over Iran WarTrader Notes:Trader Michael van de Poppe said the key is to keep accumulating Bitcoin rather than trying to time the exact bottom.Over a five-year horizon, buying at $55,000 versus $60,000 may matter little, just as buying at $16,000 versus $20,000 four years ago does today.Rekt Capital noted Bitcoin has repeatedly wicked below $63,000 but managed to recover.However, weakening rebounds from that level, combined with Bitcoin’s historical tendency to roll over in the second half of August during bear-market years, point to growing downside risk.A weekly close below $63,000 would confirm the existing technical and seasonal weakness.Altcoin Sherpa expects Bitcoin to remain in a 2-4 month consolidation phase even after finding a bottom, like 2018 and 2022.However, both prior cycles featured sharp capitulation moves around the final bottom, something the trader believes has yet to occur this cycle, potentially setting up a volatile latter half of the year.Image: Shutterstock