Bitcoin, Ethereum, XRP, Dogecoin Extend Losses After Trump-Musk Fallout

Crypto markets continue to slide on Friday morning, with mounting macroeconomic pressure and fallout from the rift between Elon Musk and Donald Trump adding to investor unease.

Notable Statistics:

• IntoTheBlock data shows Bitcoin large transaction volume decreased by 3.6%, while Ethereum saw a 27.8% increase. ETH's daily active addresses remained relatively flat, BTC saw a 5.6% jump.
• Coinglass data shows 218,488 traders were liquidated in the past 24 hours for $979.20 million.
• SoSoValue data shows net outflows of $278.4 million into spot Bitcoin ETFs. Spot Ethereum ETFs saw net inflows of $11.26 million.

Trader Notes: CoinBureau co-founder and CEO Nic Puckrin said markets are reacting sharply to the Musk–Trump fallout, adding that weekend volatility could intensify in the absence of liquidity with the Non-Farm Payrolls data due today.

More Crypto Online noted that Bitcoin's dip may serve to attract new buyers, while Crypto Jelle added historical context that the previous BTC bull cycles lasted 152 weeks. If history repeats, there could be one final push over the next 20 weeks.

Ted Pillows observed that Ethereum is holding range support well, targeting a move to $3,000.

He also flagged a cup and handle pattern forming on Solana, suggesting a short-lived dip followed by a bullish reversal near the $140–$145 zone.

Trader Tardigrade highlighted a crucial technical setup for Dogecoin, noting that price has returned to the apex of a symmetrical triangle bottoming pattern, a level to watch for either a bounce or breakdown.

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