Bitcoin, Ethereum, XRP, Dogecoin Steady As Inflation Cools

Crypto markets are holding steady with a slight upward bias after U.S. May inflation data came in lower than expected, sparking renewed optimism for potential Federal Reserve rate cuts.

Cryptocurrency Price    Gains +/-
Bitcoin (CRYPTO: BTC) $108,821.34 -0.5%
Ethereum (CRYPTO: ETH) $2,821.45 +2.4%
Solana (CRYPTO: SOL) $163.38 -0.4%
XRP (CRYPTO: XRP) $2.30 +0.4%
Dogecoin (CRYPTO: DOGE) $0.1960 +1.1%
Shiba Inu (CRYPTO: SHIB) $0.00001320 +0.5%

Notable Statistics:

  • IntoTheBlock data shows Bitcoin’s large transaction volume increasing by 25.8% and daily active addresses growing by 13.4%. Transactions greater than $100,000 are up from 11,665 to 13,286 in a single day. Exchanges netflows are down by 125.95%.
  • Coinglass data reports 91,906 traders were liquidated in the …

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