Bitcoin, Ethereum, XRP, Dogecoin Hold Steady Ahead of Holiday Weekend — Ideal Time To Hedge Shorts

Major cryptocurrencies are consolidating at recently established highs as sentiment remains upbeat due to strong institutional inflows and rising optimism around spot ETF approvals for altcoins.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $109,701.36
Ethereum (CRYPTO: ETH) $2,579.45
Solana (CRYPTO: SOL) $151.69
XRP (CRYPTO: XRP) $2.26
Dogecoin (CRYPTO: DOGE) $0.1709
Shiba Inu (CRYPTO: SHIB) $0.00001186

Notable Statistics:

  • IntoTheBlock data shows large transaction volume decreasing by 4.3% and daily active addresses growing by 2.4%. Transactions greater than $100,000 are up from 11,019 to 12,303 in a single day. Exchanges netflows are up by 19.9%.
  • Coinglass data reports 88,497 traders were liquidated in the past 24 hours for $242.80 million.

Notable Developments:

Full story available on Benzinga.com