Bitcoin, Ethereum, XRP, Dogecoin Plunge As Inflation Fears Pick Up Again

Cryptocurrency markets have plummeted on Friday, following renewed inflation fears.

Cryptocurrency Price    Gains +/-
Bitcoin (CRYPTO: BTC) $83,620.45 -4.3%
Ethereum (CRYPTO: ETH) $1,879.34 -6.7%
Solana (CRYPTO: SOL) $129.23 -7.1%
XRP (CRYPTO: XRP) $2.17 -7.4%
Dogecoin (CRYPTO: DOGE) $0.1798 -6.3%
Shiba Inu (CRYPTO: SHIB) $0.00001320 -6.6%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume decreasing by 4.9%. Daily active addresses are up by 2.6%. Transactions greater than $100,000 are down from 9,796 to 8,936 in a single day. Exchanges netflows are down by 61.5%.
  • Coinglass data reports 149,848 traders were liquidated in the past 24 hours for $443.51 million.

Notable Developments:

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