Bitcoin, Ethereum, XRP, Dogecoin Trade Sideways: Is BTC Bull Market Entering Its Final Leg?

The cryptocurrency market is trading relatively flat on Wednesday, with Bitcoin reclaiming the $104,000 level. Sentiment remains cautious amid rising geopolitical tensions.

Cryptocurrency Price    Gains +/-
Bitcoin (CRYPTO: BTC)  $104,035.29 -0.95%
Ethereum (CRYPTO: ETH)  $2,494.54 -1.4%
Solana (CRYPTO: SOL)  $144.97 -2.9%
XRP (CRYPTO: XRP)  $2.14 -2.3%
Dogecoin (CRYPTO: DOGE)  $0.1672 -2.1%
Shiba Inu (CRYPTO: SHIB)  $0.00001151 -1.7%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increasing by 16.4%, and daily active addresses growing by 1.6%. Transactions greater than $100,000 are down from 11,517 to 11,167 in a single day, and exchange net flows are down by 105.3%.
  • CoinGlass data reports that 95,040 traders were liquidated in the past 24 hours, with the total liquidations at $232.55 million.

Notable Developments:

Full story available on Benzinga.com