- Overall crypto market cap remained near $3.2 trillion as traders awaited a U.S. Supreme Court decision and U.S. jobs data.
- Solana outperformed majors, rising over 2% to about $139 while retail chatter turned more bearish for the token.
- Bitcoin traded flat near $91,000 with retail sentiment described as ‘extremely bullish’ on Stocktwits.
- Liquidations totaled roughly $378 million in the past day, driven mainly by long positions, according to CoinGlass data.
- Markets price a low chance the Trump-era tariffs will be upheld — Kalshi shows 27% while Polymarket prices about 25% — and Fundstrat’s Mark Newton framed crypto as a multi-year cycle likely to play out in mid‑2026 to 2028.
On Thursday night, crypto markets held steady as traders awaited a U.S. Supreme Court ruling on Trump-era tariffs and Friday’s U.S. unemployment report, pushing Solana higher while majors largely ranged. The broader market cap stayed near $3.2 trillion and investors monitored macro risks that could shift sentiment.
Bitcoin traded flat over the past 23 hours, recovering to about $91,000 after an intra-day dip below $90,000. Retail sentiment on Stocktwits remained described as ‘extremely bullish’ amid continued high levels of chatter.
Solana rose more than 2% in the last 24 hours to roughly $139, though retail sentiment on the token trended toward ‘bearish’ despite high chatter. Among the top 10 tokens, Dogecoin led losses, down about 2.6% to $0.142, while tron fell about 1.4% to $0.2934. Cardano, Ripple’s XRP and Ethereum each slipped roughly 0.8%; Binance Smart Chain (BNB) was flat.
Sentiment could shift if the Supreme Court strikes down the tariffs, a move markets currently view as unlikely to pass; Kalshi shows 27% odds and Polymarket about 25%. A negative ruling could force large refunds of tariff revenue and alter the policy outlook, prompting risk-off flows. Separately, Friday’s unemployment data will influence recession and rate-cut expectations.
Liquidation data from CoinGlass showed roughly $378 million wiped out in the past day, with about $297 million from long positions and $81 million from shorts. Fundstrat managing director Mark Newton noted that digital assets remain part of a longer multi-year cycle and highlighted mid‑2026 to 2028 as the likely window for broader opportunity.
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