Bitcoin, Ethereum, Dogecoin Stay Bullish On Friday: Watch This Key Catalyst Till November
Posted On October 18, 2024
Cryptocurrency markets are trading higher as BlackRock’s Bitcoin ETF accumulated $1 billion in BTC this week.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $68,954.45 | +2.9% |
| Ethereum (CRYPTO: ETH) | $2,665.94 | +2.9% |
| Solana (CRYPTO: SOL) | $156.04 | +5% |
| Dogecoin (CRYPTO: DOGE) | $0.1388 | +14.2% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001889 | +6.6% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 16.4% and daily active addresses growing by 19.9%. Transactions greater than $100,000 are up from 9,147 to 8,458 in a single day. Exchanges netflows are down by 231.4%. Around 98% Bitcoin holders are currently making a profit, 3% are at breakeven.
- Coinglass data reports 37,689 traders were liquidated in the past 24 hours, the total liquidations stand at $113.04 million.
- Simply Bitcoin reported Bitcoin exchange reserves are at all-time lows, predicting a “Supply shock incoming.”
- IntoTheBlock data shows Bitcoin dominance has crossed 65% (marking a 3-year high) for the first time since early 2021.
Notable Developments:
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