Cryptocurrency markets are surging on Wednesday as financial markets interpreted freshly-released inflation data as a positive sign for equities.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $100,135.47 | +4% |
| Ethereum (CRYPTO: ETH) | $3,456.54 | +7.9% |
| Solana (CRYPTO: SOL) | $202.23 | +8.9% |
| XRP (CRYPTO: XRP) | $2.94 | +11% |
| Dogecoin (CRYPTO: DOGE) | $0.3773 | +7% |
| Shiba Inu (CRYPTO: SHIB) | $0.00002235 | +4.6% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 25.6% and daily active addresses up by 6%. Transactions greater than $100,000 are down from 10,421 to 10,217 in a single day. Exchanges netflows are down by 132.8%.
- Coinglass data reports 100,006 traders were liquidated in the past 24 hours for $266.75 million.
Notable Developments:
- EXCLUSIVE: Direxion CEO Predicts Crypto, Commodities Will Take Center Stage Amid Volatility In 2025
- Dubai Announces ‘Crypto Tower’ To Host Blockchain Businesses
- Trump’s Crypto Legislation Will Be A ‘Frankenstein’ Bill Of Mishmash, Says Arthur Hayes — Bitcoin Doesn’t Need …
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