Bitcoin, Ethereum, XRP, Dogecoin Rally Over 2.5% As Analyst Flags ‘Imminent’ Breakout

Bitcoin held above $63,000 as cooler-than-expected inflation data eased concerns over aggressive Federal Reserve tightening, helping lift sentiment across the cryptocurrency market.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $63,577
Ethereum (CRYPTO: ETH) $1,684
Solana (CRYPTO: SOL) $66.54
XRP (CRYPTO: XRP) $1.13
Dogecoin (CRYPTO: DOGE) $0.08609
Shiba Inu (CRYPTO: SHIB) $0.054837

Notable Statistics:

  • Coinglass data shows 119,414 traders were liquidated in the past 24 hours for $303.20 million.       
  • SoSoValue data shows net outflows of $213.9 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ET’Fs saw net outflows of $35.6 million.
  • In the past …

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