Bitcoin, Ethereum, XRP, Dogecoin Wobble, But Traders See A ‘Shopping’ Opportunity

Major cryptocurrencies are off to a slow start on Tuesday, with Bitcoin notably outperforming altcoins.

Cryptocurrency Price    Gains +/-
Bitcoin (CRYPTO: BTC) $103,845.74 -0.07%
Ethereum (CRYPTO: ETH) $2,522.67 -1%
Solana (CRYPTO: SOL) $174.84 -0.07%
XRP (CRYPTO: XRP) $2.54 +0.2%
Dogecoin (CRYPTO: DOGE) $0.2291 -5.4%
Shiba Inu (CRYPTO: SHIB) $0.00001569 -6.2%

Notable Statistics:

  • IntoTheBlock data shows Bitcoin and Ethereum large transaction volume expanded by 40.7% and 67.8%, respectively, in a single day. Daily active addresses in BTC and ETH have also moved up by 18.1% and 10.9% respectively.
  • Coinglass data 187,762 traders were liquidated in the past 24 hours for $603.85 million.
  • Ted Pillows noted that Ethereum weekly active addresses have spiked 30% reflecting the thriving ETH ecosystem.

Trader Notes: Jelle remains bullish, pointing to historical patterns that suggest a breakout in BTC is nearby. A Bleeker Twitter …

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