Bitcoin , Ethereum , and XRP experienced notable volatility on Friday, rising alongside stocks then reversing momentum as equities also dropped.

Although the global crypto market cap hovers around $3.81 trillion, liquidations are up 32% to over $345 million. 

Despite the market sentiment for the top coins, a mixed outlook sees small cap tokens like RedStone (RED), Bio Protocol (BIO), and EigenLayer (EIGEN) post up to double digit gains.

Bitcoin traded around $110,700 and with a wide range of $107,476-$112,672. Losses in the past few hours have bulls at risk of further pain, particularly after BTC gave up gains seen when it shot up 3% to above $113k early Friday.

Interestingly, Bitcoin gave up gains alongside stocks, which had also seen the S&P 500 hit record highs.

But as the weak jobs report pointed to a near certain interest rate cut when the Federal Reserve meets on Sept. 16-17, investor sentiment signaled continued weakness.

Stocks also shed gains and analysts say the next weeks may see risk assets consolidate before rallying in the next quarter.

With September declines notable since 2013, market sentiment remains cautious. Experts point to Fed’s move as key.

As illustrated in this CNBC table, the implied market probability of Federal Reserve rate cuts for the remainder of 2025 has increased. This reflects growing concern that the Fed is already late in reacting to rising risks to the “maximum employment” side of its dual mandate.

Ethereum on the other hand is still holding steady above $4,200, down 1% in the past 24 hours. The top altcoin has struggled since dipping from recent highs, with its performance closely tied to Bitcoin’s stability.

Going into the weekend, the $4,250 support level will be key. Meanwhile, bulls will target the $4,500 resistance area, which is critical for ETH traders looking to strengthen into Q4.

Importantly, analysts predict a potential climb to $10,000 in 2025 if momentum builds.

However, analysts also point to a potential rotation from altcoins to BTC. 

XRP is consolidating near $2.81, with minimal daily movement. However, given current market conditions, a likely September range of $2.40-$3.50.

Bulls need to hold above $2.70 while bears will have the upper hand if prices fall below $2.40.

Spot ETFs and treasury bets might prove major catalysts for XRP in the next months.

RED, BIO, and EIGEN  are reportedly rising, bucking the cautious trend of major coins with their upward movement suggesting a growing interest driven by wider altcoin momentum.

Emerging projects like these often gain traction during periods of market consolidation, as investors seek high-potential altcoins.

With BTC, ETH, and XRP navigating volatility, while RED, BIO, and EIGEN shine, macroeconomic factors and technical levels will dictate the next moves.

The post Crypto Wrap: BTC, ETH, XRP fluctuate as RED, BIO and EIGEN rise appeared first on Invezz

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