Bitcoin Struggles Below $95,000

As the world's largest cryptocurrency, Bitcoin has dropped 2.11% in the past 24 hours, currently priced at $94,290. Interestingly, Bitcoin's trading volume has risen by 5.19%, reaching $4.839 billion, indicating increased trading activity despite the price decline.

According to reports from Farside, there was a massive outflow of $287 million from Bitcoin ETFs on Friday. Fidelity led the outflow with $208 million, followed by Ark & 21Shares with an outflow of $112 million, and the Bitwise Bitcoin ETF saw an outflow of $36 million.

Altcoin Performance Varies

The performance of altcoins has been mixed, with Ethereum stabilizing at $3,335 after a slight pullback, having a market cap of $401 billion. Despite an inflow of $47.7 million into the Ethereum ETF, Fidelity and BlackRock reported inflows of $27 million and $20 million, respectively.

In contrast, Solana, XRP, and TON have underperformed, each dropping about 2% over the past day.

Biggest Gains and Biggest Losses

In terms of gains, Bitget Token (BGB) surged by 13.68%, reaching $8.19, after Bitget announced an $800 million token burn. Virtual Protocol and PEPE tokens also rose by 10.9% and 4%, respectively.

On the loss side, Zcash (ZEC) suffered the biggest loss, dropping 10.6% to $61.13. Curve DAO Token and Helium followed closely, declining by 9.46% and 8.8%, respectively.