Bitcoin, Ethereum, XRP, Dogecoin Dip As Recession Fears Linger
Posted On April 16, 2025
Major cryptocurrencies are down on Wednesday amid Federal Reserve Chair Jerome Powell commenting on the state of the economy.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $83,832 | -0.7% |
| Ethereum (CRYPTO: ETH) | $1,561 | -3.2% |
| Solana (CRYPTO: SOL) | $127.65 | -0.4% |
| XRP (CRYPTO: XRP) | $2.09 | -1.7% |
| Dogecoin (CRYPTO: DOGE) | $0.1532 | -1.6% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001167 | -1.4% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 25.9% and daily active addresses growing by 2%. Transactions greater than $100,000 are down from 9,856 to 9,765 in a single day. Exchanges netflows are down by 18.3%.
- Coinglass data reports 143,467 traders were liquidated in the past 24 hours for $292.39 million.
Notable Developments:
- Could Bitcoin Bonds Solve The $14 Trillion US Debt Burden? VanEck Says It’s Possible
- Bitcoin To Outperform Gold In Coming Months, Says Anthony Pompliano
- Coinbase Warns Of Crypto Bear Market, But Says A Recovery In 2025 Is Possible
- Panama City Council Now Accepts Bitcoin, Ethereum For Taxes, Fines, Fees
- As US Economy Resembles ‘Emerging Market’, Bitcoin Is More …
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