The cryptocurrency market faced renewed selling pressure on Friday, with Bitcoin (BTC) slipping under $82,000, extending its decline from recent highs.
Ethereum (ETH) and Solana (SOL) also struggled, reflecting broader market weakness despite signs of cooling US inflation.
However, XRP defied the trend, gaining 2% after Ripple secured a major regulatory license in Dubai.
Meanwhile, Trump (TRUMP) token surged 12%, emerging as the day’s top performer, while meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) extended losses.
The global cryptocurrency market cap fell 1.3% to $2.68 trillion, reversing earlier gains as risk appetite waned.
Despite the latest US CPI report showing a slowdown in inflation, traders remained cautious, with macroeconomic uncertainty and Donald Trump’s tariff threats adding to market jitters.
Bitcoin struggles below $82K amid liquidation spike
Bitcoin’s price dropped 2%, trading at $82,069, with an intraday low of $79,931.85 and a high of $84,158.76.
Liquidation data from Coinglass showed $78.88 million in BTC positions wiped out over the past day, contributing to increased volatility.
At the same time, Bitcoin’s market dominance declined to 60.8%, suggesting altcoins are starting to gain traction.
Source: CoinMarketCap
Ethereum drifts lower
Ethereum saw a modest dip of 0.3%, trading around $1,890 after fluctuating between $1,823.53 and $1,919.69.
Liquidations in ETH were relatively subdued at $37.27 million, indicating lower volatility compared to Bitcoin.
Ethereum’s market share remained at 8.5%, signaling a lack of strong momentum.
XRP rallies 2% as Ripple expands in Dubai
In contrast to the broader market downturn, XRP climbed 2% to $2.28, hitting a high of $2.34.
The surge followed Ripple’s regulatory win in Dubai, where the company secured a DFSA license—a key step in expanding its presence in the region’s $277 billion financial sector.
The development comes amid ongoing speculation about a potential XRP ETF approval.
Solana slips, meme coins take a hit
- Solana (SOL): Down 1% to $125, with a range of $120.91 to $128.16
- Dogecoin (DOGE): Declined 2% to $0.1687
- Shiba Inu (SHIB): Dropped 0.5% to $0.00001225
- Pepe Coin (PEPE): Sank 7% to $0.000006793
Crypto winners and losers
- Trump (TRUMP): +12% to $11.81
- Kava (KAVA): +8% to $0.4681
- Sonic (S): +7% to $0.5004
- Story (IP): -9% to $5.72
- Ethena (ENA): -8% to $0.3351
- Movement (MOVE): -6% to $0.4477
Despite recent optimism over a potential US strategic Bitcoin reserve, the market remains under pressure as Trump’s tariff proposals and global macroeconomic uncertainty keep traders on edge.
Investors will be closely watching regulatory developments, Federal Reserve policy signals, and institutional interest in crypto to determine whether this dip is temporary or part of a larger correction.
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