Bitcoin, Ethereum, Dogecoin ‘Chopfest’ Begins As Weekend Nears, Traders Warn

Cryptocurrency markets are trading lower despite whale transactions rising.

Cryptocurrency
Price    
Gains +/-

Bitcoin (CRYPTO: BTC)
 $66,789.25
-1.9%

Ethereum (CRYPTO: ETH)
 $2,471.40 
-2.5%

Solana (CRYPTO: SOL)
 $167.86
-5.4%

Dogecoin (CRYPTO: DOGE)
 $0.134
-5.6%

Shiba Inu (CRYPTO: SHIB)
 $0.00001721
-3.8%

Notable Statistics:

IntoTheBlock data shows large transaction volume increasing by 12.5% and daily active addresses dropping by 6.3%. Transactions greater than $100,000 are down from 8,210 to 8,092  in a single day. Exchanges netflows are down by 38.6%.
Coinglass data reports 80,992 traders were liquidated in the past 24 hours with the total liquidations at $236.73 million.

Notable Developments:

Michael Saylor’s Proposal To Microsoft CEO Satya Nadella: ‘If You Want To Make The Next Trillion Dollars For Shareholders, Call Me’
Scaramucci On Blockchain’s Role In Finance: ‘Decentralize Risk And Automate Trust’
MicroStrategy Pushes Higher As BlackRock Buys In, …

Full story available on Benzinga.com

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