Bitcoin Holding Up While Ethereum, XRP, Dogecoin Dip: ‘Don’t Get Distracted By Short Term Noise,’ Trader Says

After a sharp rally over the past three weeks, the cryptocurrency market is entering a consolidation phase, with Bitcoin showing resilience even as Ethereum, XRP, and Dogecoin edge lower. Some analysts believe we may be seeing profit-taking after recent highs.

Cryptocurrency Price    Gains +/-
Bitcoin (CRYPTO: BTC)  $102,910.08 -0.6%
Ethereum (CRYPTO: ETH)  $2,535.58 -2.9%
Solana (CRYPTO: SOL)  $170.15 -3.6%
XRP (CRYPTO: XRP)  $2.43 -4.7%
Dogecoin (CRYPTO: DOGE)  $0.2211 -5.3%
Shiba Inu (CRYPTO: SHIB)  $0.00001478 -6.5%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume decreasing by 5.1% and daily active addresses falling by 1.9%. Transactions greater than $100,000 are down from 11,891 to 11,304 in a single day. Exchanges netflows are down by 91.5%.
  • Coinglass data reports 170,572 traders were liquidated in the past 24 hours for $401.84 million.

Notable Developments:

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