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Bitcoin Flat At $70,000 As ‘Friday Effect’ Weighs On Ethereum, XRP, Dogecoin

Bitcoin traded sideway on Friday, with broader crypto markets showing little momentum despite ongoing regulatory developments.

Notable Statistics:

Coinglass data shows 80,653 traders were liquidated in the past 24 hours for $197.42 million.

SoSoValue data shows net outflows of $90.2 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $136.4 million.

In the past 24 hours, top losers include River, MemeCore and Stable.

Notable Developments:

Trader Notes:  Daan Crypto Trades noted Bitcoin has recently shown a pattern of weak and volatile Friday performance, likely driven by reduced participation from large players and risk-off positioning ahead of the…

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