Cryptocurrency markets are trading sideways, with Ethereum outperforming Bitcoin to end the week strong.
Cryptocurrency
Price
Gains +/-
Bitcoin (CRYPTO: BTC)
$62,907.07
-0.9%
Ethereum (CRYPTO: ETH)
$2,544.07
+3%
Solana (CRYPTO: SOL)
$146.17
+1.9%
Dogecoin (CRYPTO: DOGE)
$0.1048
-1.4%
Shiba Inu (CRYPTO: SHIBA)
$0.00001414
-1.1%
Notable Statistics:
IntoTheBlock data shows an increase of 10.5% in large transaction volume and a 4.8% surge in daily active addresses. Transactions greater than $100,000 increased from 8,206 to 9,567 in a single day. Exchanges netflows decreased by 147.2%.
Coinglass data shows 62,203 traders liquidated in the past 24 hours for $149.39 million.
Crypto chart analyst Ali Martinez stated that almost $2 billion in Bitcoin futures contracts were opened in just 48 hours. He added that this could be a potential long squeeze.
Notable Developments:
The Biggest Crypto Crime Cases In 2024: Heists, Frauds, And Multi-Million Dollar Scams Shake The Industry
Ethereum Co-Founder Says Donald Trump’s DeFi Platform Is ‘Scary’ Because ‘Everything Trump Does The Left Hates With Such A …
Full story available on Benzinga.com