Bitcoin Stalls at $63k Amid Weak Friday Trading

Bitcoin struggled to gain momentum on Friday, despite this week's robust spot ETF inflows. The cryptocurrency price remained stuck at $63,125, while Ethereum, XRP, and Dogecoin saw declines of up to 2%. According to Coinglass data, 94,015 traders were liquidated in the past 24 hours for a total of $359.33 million.

SoSoValue reported net inflows of $233.1 million from spot Bitcoin ETFs on Thursday, while spot Ethereum ETFs saw net inflows of $13.3 million. Top gainers in the past 24 hours included MemeCore, Audiera, and Pump.fun.

Michael Saylor, a prominent figure in the crypto space, weighed in on the current market conditions. He stated that SpaceX, Google, and Meta's AI spending is a 'headwind' for Bitcoin.