Bitcoin, Ethereum, Dogecoin End The Week Lower: ‘Don’t Get Shaken Out,’ Trader Cautions
Posted On November 1, 2024
Cryptocurrency markets are trading lower despite strong ETF inflows.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $69,286.96 | -1.5% |
| Ethereum (CRYPTO: ETH) | $2,512.05 | -0.3% |
| Solana (CRYPTO: SOL) | $165.84 | -1.9% |
| Dogecoin (CRYPTO: DOGE) | $0.1606 | -0.7% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001743 | -2.4% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 9.7% and daily active addresses marginally higher by 0.7%. Transactions greater than $100,000 are down from 11,191 to 10,285 in a single day. Exchanges netflows are down by 75%.
- Coinglass data reports 80,297 traders were liquidated in the past 24 hours for $277.81 million.
- Rekt Capital noted Bitcoin dominance at a historic monthly close. He added the last time BTC dominance closed like this in a macro uptrend was in early 2019.
- Crypto chart analyst Ali Martinez highlighted Bitcoin ETFs inflows topping $520 million, the highest since their launch.
Notable Developments:
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