Bitcoin, Ethereum, XRP, Dogecoin Struggle In Weak Market: ‘I Don’t Think That The Cycle Is Over,’ Trader Says

Cryptocurrency markets are struggling on Thursday as the market-wide downturn continues.

Cryptocurrency Price    Gains +/-
Bitcoin (CRYPTO: BTC)  $83,057.97 -0.2%
Ethereum (CRYPTO: ETH)  $2,268.27 -1.2%
Solana (CRYPTO: SOL)  $134.86 +2.7%                                  
XRP (CRYPTO: XRP)  $2.15 -1.3%
Dogecoin (CRYPTO: DOGE)  $0.2030 +2.3%
Shiba Inu (CRYPTO: SHIB)  $0.00001430 +2.3%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume decreasing by 6.6% and daily active addresses falling by 0.7%. Transactions greater than $100,000 are down from 15,415 to 13,305 in a single day. Exchanges netflows are down by 137.5%.
  • Coinglass data reports 131,251 traders were liquidated in the past 24 hours for $404.95 million.

Notable Developments:

Full story available on Benzinga.com

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