Bitcoin, Ethereum, XRP, Dogecoin Down As Sentiment Turns To Greed

Major cryptocurrencies are trading lower in early Thursday hours despite ongoing institutional demand and cooling inflation data.

Sentiment has shifted sharply, with the Crypto Fear & Greed Index entering the ‘Greed’ zone, raising questions whether this pullback signals a phase of profit-taking and consolidation following the robust rally over the past few weeks.

Cryptocurrency Price    Gains +/-
Bitcoin (CRYPTO: BTC) $101,782.26 -1.9%
Ethereum (CRYPTO: ETH) $2,537.22 -2.3%
Solana (CRYPTO: SOL) $169.23 -5.7%
XRP (CRYPTO: XRP) $2.45 -5.6%
Dogecoin (CRYPTO: DOGE) $0.2232 -5.2%
Shiba Inu (CRYPTO: SHIB) $0.00001484 -7.1%

Notable Statistics:

  • IntoTheBlock data shows Bitcoin and Ethereum large transaction volume dropped 5.1% and 0.2%, respectively, in a single day. While ETH shows a 240% rise in exchange netflows, Bitcoin’s daily active addresses are down 1.9%.
  • Coinglass data shows 157,967 traders were liquidated in the past 24 hours for $346.93 million.
  • SoSoValue data shows that spot Bitcoin ETFs saw a net inflow of $319.6 million, while spot Ethereum ETFs saw a $63.5 million net inflow.
  • Santiment …

Full story available on Benzinga.com