Cryptocurrency markets are trading lower amid escalating tensions in the Middle East.
Cryptocurrency
Price
Gains +/-
Bitcoin (CRYPTO: BTC)
$61,888.86
-2.5%
Ethereum (CRYPTO: ETH)
$2,498.87
-3.5%
Solana (CRYPTO: SOL)
$147.33
-5%
Dogecoin (CRYPTO: DOGE)
$0.1074
-9%
Shiba Inu (CRYPTO: SHIB)
$0.00001633
-8.3%
Notable Statistics:
IntoTheBlock data shows large transaction volume increased by around 99% and daily active addresses rose by 7.1%. Transactions greater than $100,000 are up from 5,655 to 9,193 in a single day. Exchanges netflows are down by 1,521.2%.
Coinglass data reports 159,405 traders were liquidated in the past 24 hours for $482.24 million, with crypto long liquidations of $361.8 million at the highest since Aug. 5. Bitcoin long liquidations of $90.7 million are at the highest level since Aug. 5.
Notable Developments:
Ripple Receives Dubai Approval For Blockchain Payment Services
Playbux CEO Envisions Web3 Future Where Crypto Is Earned Via Gaming, Shopping
Arthur Hayes Cites ‘Money Printing’ As Key Factor For Bitcoin Becoming The ‘Best Performing Asset’ In History
Full story available on Benzinga.com