Despite positive catalysts like institutional adoption and discussions around Bitcoin’s potential inclusion in sovereign wealth funds, the cryptocurrency market is trading lower on Thursday, with traders closely watching Bitcoin’s $95,500 support level.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $96,588.31 | -1% |
| Ethereum (CRYPTO: ETH) | $2,710.63 | -2% |
| Solana (CRYPTO: SOL) | $191.80 | -3.7% |
| XRP (CRYPTO: XRP) | $2.33 | -4.4% |
| Dogecoin (CRYPTO: DOGE) | $0.2481 | -4% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001505 | -5.6% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 4.9% and daily active addresses falling by 3.4%. Transactions greater than $100,000 are down from 11,229 to 10,785 in a single day. Exchanges netflows are down by 201.8%.
- Coinglass data reports 118,611 traders were liquidated in the past 24 hours for $236.37 million.
Notable Developments:
- Czech Republic Approves Bitcoin Tax Exemption For Long-Term Holders
- Peter Thiel-Backed Crypto Exchange Reportedly Plans IPO In …
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