Cryptocurrency markets are sliding on Tuesday as producer price pressures weigh on the market.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $97,073.3 | -4.7% |
| Ethereum (CRYPTO: ETH) | $3,431.99 | -6.9% |
| Solana (CRYPTO: SOL) | $205.16 | -6.4% |
| XRP (CRYPTO: XRP) | $2.30 | -5.5% |
| Dogecoin (CRYPTO: DOGE) | $0.3562 | -8.7% |
| Shiba Inu (CRYPTO: SHIB) | $0.00002217 | -8.4% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 68.6% and daily active addresses falling by 0.01%. Transactions greater than $100,000 are up from 7,116 11,574 to in a single day. Exchanges netflows are up by 231.8%.
- Coinglass data reports 136,773 traders were liquidated in the past 24 hours for $409.57 million. Long liquidations at $344.6 million were the highest since Dec. 20.
Notable Developments:
- Bitcoin Spot ETF Inflows Hit $987 Million But Watch This Mid-January Fiscal Deadline
- CFTC Chairman Rostin Behnam To Step Down In February
- Ripple Announces Chainlink Integration To Boost …
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