Cryptocurrency markets are trading higher as expectations around Chinese stimulus rise.
Cryptocurrency
Price
Gains +/-
Bitcoin (CRYPTO: BTC)
$65,903.70
+5.4%
Ethereum (CRYPTO: ETH)
$2,630.58
+7.4%
Solana (CRYPTO: SOL)
$156.05
+7%
Dogecoin (CRYPTO: DOGE)
$0.115
+4.8%
Shiba Inu (CRYPTO: SHIB)
$0.00001826
+5.8%
Notable Statistics:
IntoTheBlock data shows large transaction volume decreasing by 6.9% and daily active addresses growing by 1%. Transactions greater than $100,000 are down from 6,165 to 5,104 in a single day. Exchanges netflows are down by 80%.
Coinglass data reports 61,029 traders were liquidated in the past 24 hours for $234.09 million. Crypto short liquidations stand at $181 million, the highest since Aug. 5.
Notable Developments:
Bitcoin Closes In On $65K As ETFs See Over $400M In Net Inflows
Bitcoin Mining Stocks Marathon Digital, Riot Platforms And CleanSpark Are Rallying: What’s Going On?
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