Bitcoin, Ethereum, XRP, Dogecoin Move Higher Ahead Of Inflation Data Wednesday

Cryptocurrency markets are seeing gains across the board despite ongoing ETF outflows, indicating underlying strength in the market.

Cryptocurrency Price    Gains +/-
Bitcoin (CRYPTO: BTC)  $96,344.48 +4.7%
Ethereum (CRYPTO: ETH)  $3,201.80 +6.2%
Solana (CRYPTO: SOL)  $186.30 +5.2%
XRP (CRYPTO: XRP)  $2.65 +7.9%
Dogecoin (CRYPTO: DOGE)  $0.3527 +8.6%
Shiba Inu (CRYPTO: SHIB)  $0.00002138 +5.5%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increasing by 34.7% and daily active addresses up by 4.5%. Transactions greater than $100,000 are up from 6,648 to 10,421 in a single day. Exchanges netflows are down by 332.2%.
  • Coinglass data reports 78,239 traders were liquidated in the past 24 hours with the total liquidations at $279.24 million.

Notable Developments:

Full story available on Benzinga.com

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