Bitcoin trades $71,000 as broader markets weakened amid geopolitical uncertainty.

Bitcoin ETFs saw $124.6 million in net outflows on Wednesday, while Ethereum ETFs reported $18.6 million in net outflows.  


Cryptocurrency
TickerPrice
Bitcoin(CRYPTO: BTC)$71,182
Ethereum(CRYPTO: ETH)$2,193.44
Solana(CRYPTO: SOL)$82.59
XRP(CRYPTO: XRP)$1.33
Dogecoin(CRYPTO: DOGE)$0.09181
Shiba Inu(CRYPTO: SHIB)$0.055874

Meme coin market capitalization fell 3.5% to $33.8 billion over the past 24 hours.

Trader Commentary: 

Trader Titan of Crypto said Bitcoin is nearing a key inflection point, with a weekly MACD bullish crossover aligning with a potential structural breakout. However, the setup still carries risk of a rejection or false breakout before any sustained upside move.

Crypto Tony noted that Ethereum is holding a critical short-term level around $2,169. Maintaining this support could allow for a relief rally, while a breakdown may weaken the near-term outlook.

On Solana, analyst DonWedge said the asset is retesting a former resistance level as support, a classic bullish continuation pattern if it holds.

Dogecoin is consolidating, according to Trader Tardigrade, with selling pressure easing but no strong buying momentum yet. The relative strength index (RSI) remains a key indicator to watch for the next directional move.

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