Crypto Market Pulls Back Amid Geopolitical Tensions and Consolidation

Crypto market pulls back as geopolitical tensions temper risk appetite.

Bitcoin climbed to $78,000 but faced resistance and began consolidating, a 22% gain over the week to hit levels last seen more than three months ago.

Ethereum's trading volume fell 17% over the last 24 hours as it traded between $2,357 and $2,483. XRP and Dogecoin recorded notable declines.

Nearly $400 million was liquidated from the cryptocurrency market in the last 24 hours, with $220 million in bullish long positions erased, according to Coinglass data.

Michaël van de Poppe predicts a 'little dip' for Bitcoin on Sunday evening, followed by a continuation higher to break $82,700. He views $74,000 as a 'massive area' to buy if tested.