Cryptocurrency markets are surging on Tuesday amid Donald Trump’s rising election odds, positive broader economic factors and subsiding geopolitical tensions.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $72,870.84 | +4.4% |
| Ethereum (CRYPTO: ETH) | $2,662.43 | +5.8% |
| Solana (CRYPTO: SOL) | $179.25 | +1.3% |
| Dogecoin (CRYPTO: DOGE) | $0.1731 | +10.4% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001902 | +6.8% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increased by 112.3% and daily active addresses grew by 18.2%. Transactions greater than $100,000 are up from 5,505 to 9,521 in a single day. Exchanges netflows are down by 1,448.6%.
- Coinglass data reports 61,293 traders were liquidated in the past 24 hours for $263.54 million.
- Crypto analyst Miles Deutscher marked Bitcoin exchange reserves touching all-time lows as he predicts an incoming supply squeeze.
- Industry expert Benjamin Cowen noted Bitcoin dominance finally peaking at 60% after more than three years.
Notable Developments:
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