Bitcoin, Ethereum, Dogecoin With A Meek Close To A Strong Week: ‘Test Zones Coming Up For BTC,’ Says Trader
Posted On September 22, 2024
Cryptocurrency markets are trading sideways, with Ethereum outperforming Bitcoin to end the week strong.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $62,907.07 | -0.9% |
| Ethereum (CRYPTO: ETH) | $2,544.07 | +3% |
| Solana (CRYPTO: SOL) | $146.17 | +1.9% |
| Dogecoin (CRYPTO: DOGE) | $0.1048 | -1.4% |
| Shiba Inu (CRYPTO: SHIBA) | $0.00001414 | -1.1% |
Notable Statistics:
- IntoTheBlock data shows an increase of 10.5% in large transaction volume and a 4.8% surge in daily active addresses. Transactions greater than $100,000 increased from 8,206 to 9,567 in a single day. Exchanges netflows decreased by 147.2%.
- Coinglass data shows 62,203 traders liquidated in the past 24 hours for $149.39 million.
- Crypto chart analyst Ali Martinez stated that almost $2 billion in Bitcoin futures contracts were opened in just 48 hours. He added that this could be a potential long squeeze.
Notable Developments:
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