Bitcoin, Ethereum, Dogecoin Holding On To Gains, Trader Sees $63,905 As ‘Reclaim Of Key Horizontal’
Posted On September 23, 2024
Cryptocurrency markets are holding on to the green zone with Bitcoin and Dogecoin relatively flat, while Ethereum is trading higher.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $63,449.64 | +0.6% |
| Ethereum (CRYPTO: ETH) | $2,685.90 | +4% |
| Solana (CRYPTO: SOL) | $144.14 | -0.3% |
| Dogecoin (CRYPTO: DOGE) | $0.1073 | +0.7% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001456 | +0.2% |
Notable Statistics:
- IntoTheBlock data shows a decrease of 0.8% in large transaction volume and a drop of 11% in daily active addresses. Transactions greater than $100,000 are down from 5,957 to 5,516 in a single day. Exchanges netflows decreased by 100%.
- Coinglass data reports 61,844 traders liquidated in the past 24 hours for $172.46 million. Bitcoin’s open interest stands at $34.6 billion, the highest level since Aug. 26.
- Crypto chart analyst Ali Martinez compares Bitcoin’s performance to history and is curious if it will repeat. “Bitcoin gained +61% in Q4 of 2016 and +171% in 2020.”
Notable Developments:
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