Cryptocurrency markets are trading mostly sideways on Thursday as the Texas Senate passed a strategic Bitcoin reserve bill, which now advances to the House.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $88,486.05 | -1.5% |
| Ethereum (CRYPTO: ETH) | $2,200.97 | -0.7% |
| Solana (CRYPTO: SOL) | $143.60 | -0.96% |
| XRP (CRYPTO: XRP) | $2.58 | +3.4% |
| Dogecoin (CRYPTO: DOGE) | $0.2006 | -1.5% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001327 | +0.02% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 7.6% and daily active addresses falling by 0.9%. Transactions greater than $100,000 are down from 11,748 to 10,490 in a single day. Exchanges netflows are down by 11%.
- Coinglass data reports 97,723 traders were liquidated in the past 24 hours for $281.31 million.
- Crypto chart analyst Ali Martinez noted around 4,375 new wallets holding more than 1 BTC were created over the past two weeks.
- IntoTheBlock data shows traders have expressed conviction in Bitcoin withdrawing around $900 million worth BTC from exchanges over past seven days.
Notable Developments:
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