Cryptocurrency markets are trading higher as BlackRock’s Bitcoin ETF accumulated $1 billion in BTC this week.
Cryptocurrency
Price
Gains +/-
Bitcoin (CRYPTO: BTC)
$68,954.45
+2.9%
Ethereum (CRYPTO: ETH)
$2,665.94
+2.9%
Solana (CRYPTO: SOL)
$156.04
+5%
Dogecoin (CRYPTO: DOGE)
$0.1388
+14.2%
Shiba Inu (CRYPTO: SHIB)
$0.00001889
+6.6%
Notable Statistics:
IntoTheBlock data shows large transaction volume decreasing by 16.4% and daily active addresses growing by 19.9%. Transactions greater than $100,000 are up from 9,147 to 8,458 in a single day. Exchanges netflows are down by 231.4%. Around 98% Bitcoin holders are currently making a profit, 3% are at breakeven.
Coinglass data reports 37,689 traders were liquidated in the past 24 hours, the total liquidations stand at $113.04 million.
Simply Bitcoin reported Bitcoin exchange reserves are at all-time lows, predicting a “Supply shock incoming.”
IntoTheBlock data shows Bitcoin dominance has crossed 65% (marking a 3-year high) for the first time since early 2021.
Notable Developments:
Full story available on Benzinga.com