Bitcoin, Ethereum, XRP, Dogecoin See Blood-Red Tuesday As Traders Expect ‘Period Of Consolidation Before Next Leg Down’
Posted On February 25, 2025
The cryptocurrency market plunged on Tuesday, with Bitcoin (CRYPTO: BTC) slipping below $88,000 and the global market cap retreating below the $3 trillion mark.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $87,679.28 | -6.9% |
| Ethereum (CRYPTO: ETH) | $2,463.78 | -7.2% |
| Solana (CRYPTO: SOL) | $143.94 | -4.9% |
| XRP (CRYPTO: XRP) | $2.25 | -6.7% |
| Dogecoin (CRYPTO: DOGE) | $0.2079 | -6.8% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001396 | -2.3% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 52% and daily active addresses growing by 38.5%. Transactions greater than $100,000 are up from 6,703 to 10.858 in a single day. Exchanges netflows are up by 183.7%.
- Coinglass data reports 387,391 traders were liquidated in the past 24 hours for $1.60 billion. Long liquidations of $933.4 million are at the highest level since Feb.3.
- Crypto chart analyst Ali Martinez highlighted that the number of new Bitcoin addresses created per day has dropped to …
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