Bitcoin, Ethereum, XRP, Dogecoin Gain As $100,000 Threshold Grows Close

Cryptocurrency markets post solid gains amid rising optimism around a potential Federal Reserve rate cut in June.

Cryptocurrency Price    Gains +/-
Bitcoin (CRYPTO: BTC) $96,563.07 +2.8%
Ethereum (CRYPTO: ETH) $1,850.66 +3.8%
Solana (CRYPTO: SOL) $151.03 +3.7%
XRP (CRYPTO: XRP) $2.23 +1.8%
Dogecoin (CRYPTO: DOGE) $0.1818 +6%
Shiba Inu (CRYPTO: SHIB) $0.00001361 +3%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume decreasing by 9.5% and daily active addresses growing by 9.7%. Transactions greater than $100,000 are up from 10,199 to 10,529 in a single day. Exchanges netflows are up by 326.9%.
  • Coinglass data reports 76,834 traders were liquidated in the past 24 hours for $221.20 million.

Notable Developments:

Full story available on Benzinga.com