Bitcoin, Ethereum, XRP, Dogecoin Slide On Thursday Morning: What’s Going On?

Cryptocurrency markets are slipping on Thursday, but the broader investor outlook remains optimistic, driven by growing institutional interest in Bitcoin.

Cryptocurrency Price    Gains +/-
Bitcoin (CRYPTO: BTC) $107,319.73 -1.8%
Ethereum (CRYPTO: ETH) $2,749.17 -0.8%
Solana (CRYPTO: SOL) $158.63 -3.8%
XRP (CRYPTO: XRP) $2.23 -3.4%
Dogecoin (CRYPTO: DOGE) $0.1882 -6%
Shiba Inu (CRYPTO: SHIB) $0.00001263 -4.6%

Notable Statistics:

  • IntoTheBlock data shows Bitcoin and Ethereum large transaction volume decreasing by 14.7% and 16.1%, respectively. Daily active addresses are down by 8.7% and 0.7%, respectively. ETH’s exchange netflows are up by 88.3%.
  • Coinglass data shows 109,114 traders were liquidated in the past 24 hours for $327.18 million.
  • SoSoValue data shows net inflows of $164.6 million into spot Bitcoin ETFs, while spot Ethereum ETFs saw net inflows of $240.3 million.

Trader Notes: Market watcher More Crypto Online highlighted the importance of staying grounded during volatile …

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