Bitcoin, Ethereum, Dogecoin Dip After Strong Tuesday—Analysts Predict ‘Unprecedented Highs Can Be In Development’

Cryptocurrency markets are trading relatively flat after Bitcoin’s run above $71,000.

Cryptocurrency Price     Gains +/-
Bitcoin (CRYPTO: BTC)  $71,930.79 -1%
Ethereum (CRYPTO: ETH)  $2,662.75 -1.3%
Solana (CRYPTO: SOL)  $174.39  -2.3%
Dogecoin (CRYPTO: DOGE)  $0.1684  -1.4%
Shiba Inu (CRYPTO: SHIB)  $0.00001844   -2.3%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume decreasing by 57.6% and daily active addresses growing by 7.8%. Transactions greater than $100,000 are up from 9,521 to 13,547 in a single day. Exchanges netflows are up by 322.7%. There are no Bitcoin holders currently making a loss.
  • Coinglass data reports 49,256 traders were liquidated in the past 24 hours for $145.86 million, with short liquidations at the lowest level since Oct.19.

Notable Developments:

Full story available on Benzinga.com

By

Leave a Reply

Your email address will not be published. Required fields are marked *