Cryptocurrency markets are holding on to the green zone with Bitcoin and Dogecoin relatively flat, while Ethereum is trading higher.
Cryptocurrency
Price
Gains +/-
Bitcoin (CRYPTO: BTC)
$63,449.64
+0.6%
Ethereum (CRYPTO: ETH)
$2,685.90
+4%
Solana (CRYPTO: SOL)
$144.14
-0.3%
Dogecoin (CRYPTO: DOGE)
$0.1073
+0.7%
Shiba Inu (CRYPTO: SHIB)
$0.00001456
+0.2%
Notable Statistics:
IntoTheBlock data shows a decrease of 0.8% in large transaction volume and a drop of 11% in daily active addresses. Transactions greater than $100,000 are down from 5,957 to 5,516 in a single day. Exchanges netflows decreased by 100%.
Coinglass data reports 61,844 traders liquidated in the past 24 hours for $172.46 million. Bitcoin’s open interest stands at $34.6 billion, the highest level since Aug. 26.
Crypto chart analyst Ali Martinez compares Bitcoin’s performance to history and is curious if it will repeat. “Bitcoin gained +61% in Q4 of 2016 and +171% in 2020.”
Notable Developments:
Ethereum Outshines Bitcoin After U.S. Federal Reserve Rate Cut, But Here’s How Volatility Could Crash The Party
China Controls 55% Of …
Full story available on Benzinga.com