Bitcoin, Ethereum, Dogecoin Correct: ‘A Bounce From This Region Would Be Ideal,’ Says Trader
Posted On October 23, 2024
Cryptocurrency markets are down on Wednesday, pushing crypto long liquidations to the highest since Oct. 15.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $66,169.96 | -2% |
| Ethereum (CRYPTO: ETH) | $2,503.20 | -4.8% |
| Solana (CRYPTO: SOL) | $170.11 | +0.99% |
| Dogecoin (CRYPTO: DOGE) | $0.1364 | -2.7% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001738 | -4.9% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume inching higher by 0.7% and daily active addresses falling by 12.5%. Transactions greater than $100,000 are down from 8,957 to 7,886 in a single day. Exchanges netflows are down by 716.6%.
- Coinglass data reports 83,751 traders were liquidated in the past 24 hours for $228.61 million. Crypto long liquidations stood at $196.3 million, the highest since Oct. 15.
Notable Developments:
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