Is Bitcoin, Ethereum, XRP rebound sustainable?
Bitcoin (BTC) edges up above $65,000 at the time of writing on Friday, as dust from the recent macro-triggered sell-off settles. The leading altcoin, Ethereum (ETH), hovers above $1,900, but resistance at $2,000 caps the upside. Meanwhile, Ripple (XRP) has recorded the largest intraday jump among the three assets, up over 10% to $1.35.
Macro headwinds and risk-off sentiment could limit Bitcoin, Ethereum and XRP recovery
Bitcoin briefly hit $60,000 earlier in the day, as a persistent macro-triggered bearish wave criss-crossed the broader crypto market. The derivatives market reflected the drawdowns with total 24-hour liquidations reaching $2.6 billion on Friday.
Long position holders bore the biggest brunt of the sell-off, losing $2.13…
