Bitcoin, Ethereum, Dogecoin ‘Chopfest’ Begins As Weekend Nears, Traders Warn
Posted On October 25, 2024
Cryptocurrency markets are trading lower despite whale transactions rising.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $66,789.25 | -1.9% |
| Ethereum (CRYPTO: ETH) | $2,471.40 | -2.5% |
| Solana (CRYPTO: SOL) | $167.86 | -5.4% |
| Dogecoin (CRYPTO: DOGE) | $0.134 | -5.6% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001721 | -3.8% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 12.5% and daily active addresses dropping by 6.3%. Transactions greater than $100,000 are down from 8,210 to 8,092 in a single day. Exchanges netflows are down by 38.6%.
- Coinglass data reports 80,992 traders were liquidated in the past 24 hours with the total liquidations at $236.73 million.
Notable Developments:
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