Bitcoin Drops Below $109,000 As XRP Slides Below $3 And ETH, Dogecoin Wobble

Cryptocurrency markets are trading lower ahead of the holiday weekend.

Notable Statistics:

• Coinglass data shows 144,840 traders were liquidated in the past 24 hours for $545.67 million.         
• SoSoValue data shows net inflows of $178.9 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ET'Fs saw net inflows of $39.2 million. 
• In the past 24 hours, top gainers include Pyth Network (CRYPTO: PYTH), Pump.fun (CRYPTO: PUMP) and Pi (CRYPTO: PI)

Notable Developments:

• Everything Blockchain Inc. Joins Flare’s XRPFi Standard For Treasury Yield
• Raoul Pal Says Crypto Market Is ‘Ready For Launch’ After ‘Waiting In The Room,’ But Asks For Patience
• Kevin O’Leary Says Gen Zs Invest in Bitcoin, Ethereum Alongside Stocks, A Chance He Never Had Early in His Investment Journey
• Bitcoin Is The Best Way To Store Wealth For The Future, Jack Mallers Says
• Solana Outgains Bitcoin, Ethereum After DeFi Development Bags $77 Million In SOL For Corporate Reserves
• Eric Trump Says ‘There Is No Question’ Bitcoin Will Hit $1 Million

Trader Notes: Crypto trader Moustache aka El Crypto Prof pointed out that Bitcoin is currently testing its most important two-year trendline, a support level that has guided the entire cycle.