Bitcoin, Ethereum, XRP, Dogecoin Slide: BTC’s $80,000 Sweep Feels Like Hell For Altcoins But A Glorious Rebound Awaits

Cryptocurrency markets are trading lower despite bullish catalysts, including rising institutional investment and Texas’ Strategic Bitcoin Reserve proposal.

Cryptocurrency Price    Gains +/-
Bitcoin (CRYPTO: BTC)  $94,100.04 -1.8%
Ethereum (CRYPTO: ETH)  $2,637.93 -3.7%
Solana (CRYPTO: SOL)  $166.02  -7.3%
XRP (CRYPTO: XRP)  $2.51 -5.5%
Dogecoin (CRYPTO: DOGE)  $0.2472 -4.3%
Shiba Inu (CRYPTO: SHIB)  $0.00001511 -3.6%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increasing by 14.5% and daily active addresses grew by 22.3%. Transactions greater than $100,000 are up from 6,580 to 9,049 in a single day. Exchanges netflows are down by 127%.
  • Coinglass data reports 140,769 traders were liquidated in the past 24 hours with the total liquidations comes in at $335.77 million.

Notable Developments:

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