Bitcoin Reclaims $98,000, Dogecoin Explodes, XRP, Ethereum Surge: ‘Nothing More Bullish Than BTC Prices Going Up,’ Trader Says

Cryptocurrency markets are trading higher on Friday, with Bitcoin prices racing towards reclaiming the $100,000 mark again despite record ETF outflows on Thursday.

Cryptocurrency Price    Gains +/-
Bitcoin (CRYPTO: BTC)  $98,729.85 +1.5%
Ethereum (CRYPTO: ETH)  $3,623.43 +4.7%
Solana (CRYPTO: SOL)  $216.94 +4.8%
XRP (CRYPTO: XRP)  $2.47 +3.3%
Dogecoin (CRYPTO: DOGE)  $0.3771 +11.4%
Shiba Inu (CRYPTO: SHIB)  $0.00002406 +5.3%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increasing by 20.3% and daily active addresses falling by 0.01%. Transactions greater than $100,000 are up from 8,267 to 8,953 in a single day. Exchanges netflows are up by 97.9%.
  • Coinglass data reports 77,289 traders were liquidated in the past 24 hours for $217.22 million.
  • Crypto chart analyst Ali Martinez highlighted that over 48,000 BTC, worth more than $4.5 billion, were withdrawn from exchanges in the past week.
  • According to Glassnode data, Bitcoin spot ETFs saw total net inflows of $4.63 billion in December, significantly exceeding the 2024 monthly average …

Full story available on Benzinga.com

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