Bitcoin, Ethereum Rebound While XRP, Dogecoin Struggle — $105,000 Remains Critical Resistance

The broader cryptocurrency market is slightly down amid continued profit-taking following a surge fueled by rising institutional interest.

Cryptocurrency Price    Gains +/-
Bitcoin (CRYPTO: BTC)  $104,862.49 +0.3%
Ethereum (CRYPTO: ETH)  $2,490.73 +1%
Solana (CRYPTO: SOL)  $164.71 -3.2%
XRP (CRYPTO: XRP)  $2.36 -1.3%
Dogecoin (CRYPTO: DOGE)  $0.2224 -2.3%
Shiba Inu (CRYPTO: SHIB)  $0.00001441 -1.3%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increasing by 8.6% and daily active addresses falling by 20.2%. Transactions greater than $100,000 are down from 8,146 to 7,945 in a single day. Exchanges netflows are down by 349%.
  • Coinglass data reports 136,041 traders were liquidated in the past 24 hours for $560.76 million.
  • Crypto chart analyst Ali Martinez noted that Bitcoin ETFs weekly inflows plunged from $2.72 billion in late April to around $277 million.
  • In another post, Martinez added that miners sold more than 2,400 BTC, worth $252 million, in past 24 hours.

Notable Developments:

Full story available on Benzinga.com