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Friday's crypto market was somewhat volatile. Bitcoin and other major tokens pulled back, but looking at the weekly picture, the chart looks very different. After Nvidia's earnings report, stocks along with crypto were shaken, and investors started reducing their risks. Bitcoin is currently trading around $73.74k, down 1% in 24 hours but maintaining a weekly gain of 2.96%. Ethereum moved similarly, slightly above $2.32k, but with a weekly +2.83%, it remains positive.
The interesting part is: during the night, positions were cleared, but buyers quickly returned in the morning. An analyst told me something correct — right now, Bitcoin is acting like a macro asset, and when stocks fall, crypto also drops. However, this seems more like a leverage unwind rather than a structural trend reversal. Initial night position sales occurred, but then it stabilized.
Looking at altcoins, the situation is even stronger. Cardano, Solana, Ethereum, and BNB performed better than Bitcoin on a weekly basis. In fact, Cardano made a solid breakout this week. XRP is an exception — it lagged on a weekly basis, which indicates that the overall risk appetite in the crypto market is moving somewhat independently of external macro flows.
In conclusion, Friday's dip is not concerning. It is normal for Bitcoin, trading within a narrow range, to rise above $70k and then fall back. These fluctuations will continue until new strong demand emerges. Weekly gains remain solid.