Bitcoin, Ethereum, XRP, Dogecoin Bounce Back To Green: ‘Ready For A Squeeze,’ Trader Says

Crypto markets are in a holding pattern ahead of Wednesday’s Federal Reserve meeting and other crucial macroeconomic data.

Cryptocurrency Price    Gains +/-
Bitcoin (CRYPTO: BTC)  $84,316.40 +1.1%
Ethereum (CRYPTO: ETH)  $1,938.92 +2.5%
Solana (CRYPTO: SOL)  $129.46 +1.6%
XRP (CRYPTO: XRP)  $2.36 +2.2%
Dogecoin (CRYPTO: DOGE)  $0.1747 +3.3%
Shiba Inu (CRYPTO: SHIB)  $0.00001304 -1.4%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increasing by 5.3% and daily active addresses up by 2.6%. Transactions greater than $100,000 are down from 6,992 to 6,332 in a single day. Exchanges netflows are down by 45.9%.
  • Coinglass data reports 83,995 traders were liquidated in the past 24 hours for $172.67 million.
  • Crypto chart analyst Ali Martinez stated that long term holders added 179,000 BTC over the past month.
  • Martinez also shows capital inflows peaked to $4.16 billion, a level last seen in October 2023.

Notable Developments:

Full story available on Benzinga.com

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