The cryptocurrency market loses ground again this Friday

Source: CritpoTendencia Original Title: The cryptocurrency market loses ground again this Friday, find out the details Original Link:

Despite a significant improvement in recent sessions, the cryptocurrency market is experiencing new setbacks this Friday. A noticeable pullback in the price of Bitcoin immediately spread to the so-called altcoins or alternative coins. Although these appear to be relatively moderate declines, they add up to a -30% drop for BTC from its all-time highs on October 6.

Over the past 24 hours, the market capitalization of the entire sector has dropped by -1.85% and currently stands at $3.11 trillion. Leading the declines is Bitcoin’s -2.14% drop in the same period, retreating to $90,615 at the time of writing. A similar performance is seen among the main large coins.

Among the most affected over the 24-hour period are XRP and SOL, both in the -4% range. These declines are causing serious problems in the leveraged derivatives market. In the last 24 hours, a total of [image] million was liquidated among traders. Of these, more than ( million correspond to long positions.

From Wall Street’s perspective, there is also bad news, with spot Bitcoin ETFs reporting outflows of $194.6 million as of Thursday’s close. Meanwhile, funds providing exposure to Ethereum recorded outflows of around $41.5 million.

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The cryptocurrency market faces a decisive context

The negative performance of the crypto world this Friday comes despite contextual news. In theory, most of these events should create a positive environment for risk investors. For example, the chances of a rate cut by the Federal Reserve in less than a week have risen to 87.2%.

Other noteworthy news, such as Vanguard’s decision to offer cryptocurrency trading on its platform in 2026, also appears as a positive catalyst. Added to this is the increased likelihood that Kevin Hassett will become the new chairman of the Federal Reserve in mid-2026.

Hassett is one of the biggest proponents of flexible monetary policy and advocates for dramatic interest rate cuts. Both pieces of news represent a huge stimulus for capital flows into the cryptocurrency market. As a result, they represent a green light for investors to buy at low prices before these factors trigger a general rise.

However, the reality is completely different, and capital remains apathetic. For now, there are few clues as to what is weighing down digital currencies during Friday’s session.