Crypto markets slid further on Friday morning, as mounting macroeconomic pressure and fallout from the rift between Elon Musk and Donald Trump continued to add to investor unease.
What Happened: Crypto markets continued to decline on Friday morning, with macroeconomic pressure and fallout from the rift between Elon Musk and Donald Trump adding to investor unease.
Trader Notes: CoinBureau co-founder and CEO Nic Puckrin observed that markets are reacting sharply to the Musk–Trump fallout, and that weekend volatility could increase with Non-Farm Payrolls data due later today. Puckrin said in a Friday morning update, "The market is really struggling to digest this news, especially with the usual Friday non-farm payrolls report set to arrive later today, potentially heating up an already hot weekend of price action."
More Crypto Online noted that Bitcoin's (CRYPTO: BTC) dip may serve to attract new buyers, stating in a Friday morning post, "The price of Bitcoin is dropping again. This time it may attract new buyers."
Crypto Jelle added historical context, pointing out that the previous BTC bull cycles lasted 152 weeks. If history repeats itself, there could be one final push over the next 20 weeks.
"We are now 132 weeks into the cycle, meaning there are 20 weeks left if this cycle matches the previous cycles," said Jelle.
Ted Pillows observed that Ethereum (CRYPTO: ETH) is holding range support well, and if it does, the next logical move would be to the $3,000 zone.
"ETH is holding that range support well. If we do, the next logical move would be to the $3k zone," said Pillows.
He also flagged a cup and handle pattern forming on Solana (CRYPTO: SOL), which could lead to a short-lived dip followed by a bullish reversal in the $140–$145 zone.
"We might get a small dip from here before we see that reversal. Pay attention to the $140-$145 zone for a possible touch and bounce."
Trader Tardigrade highlighted a crucial technical setup for Dogecoin (CRYPTO: DOGE). According to the trader, price has returned to the apex of a symmetrical triangle bottoming pattern, a level that could determine the fate of the meme coin.
"We're back at the apex of the symmetrical triangle, a final touch and we'll either get a bounce or breakdown from here."
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