Bitcoin (BTC) is showing some resilience, holding firm above $90,000 even as Friday's solid U.S. jobs data rippled through markets. Meanwhile, the rest of the crypto landscape looks a bit rougher around the edges.
Here's where the major cryptocurrencies stood: Bitcoin traded at $90,526.47, while Ethereum (ETH) sat at $3,084.76. Solana (SOL) was at $136.55, XRP at $2.09, Dogecoin (DOGE) at $0.1402, and Shiba Inu (SHIB) at $0.00008633.
Market Pain and Pressure
The past 24 hours weren't kind to overleveraged traders. According to Coinglass data, 80,473 traders were liquidated for a combined $202.65 million. That's the price of betting too heavily in choppy conditions.
Not everything was red, though. Polygon, Pump.fun, and Stacks emerged as top gainers during the period, offering some bright spots in an otherwise subdued market.
What the Traders Are Saying
Altcoin Sherpa laid out the current reality pretty clearly: this environment favors either short-term scalp trades or just sitting on your hands until Bitcoin delivers a strong, sustained breakout above $94,000. Until that happens, choppy price action is expected, making capital preservation the priority.
Crypto trader Jelle observed that weeks after the sell-off, Bitcoin appears to have found a bottom following a dip to RSI 37. While the precise catalyst remains unclear, he highlighted that this RSI level has historically acted as a meaningful inflection zone for BTC.
Michael van de Poppe described the current move as a key bounce, pointing out that Bitcoin is holding its crucial 21-day moving average and beginning to grind higher. He said the price action shows clear buying interest at these levels.
If this strength persists through the weekend, the probability of a push toward $94,000 rises significantly, which could reignite momentum across the broader altcoin market.