Why Are Bitcoin, Ethereum, XRP, Dogecoin Suddenly Skyrocketing?

Cryptocurrency markets are off to a blazing start on Monday morning, with Bitcoin making a new all-time high above $123,000.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $121,812.36
Ethereum (CRYPTO: ETH) $3,070.88
Solana (CRYPTO: SOL) $167.48
XRP (CRYPTO: XRP) $2.99
Dogecoin (CRYPTO: DOGE) $0.2069
Shiba Inu (CRYPTO: SHIB) $0.00001383

Notable Statistics:

  • IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 14.7% and 7.9%, respectively. Daily active addresses dropped by 5.6% and 3.6%, respectively.
  • Coinglass data shows129,769 traders were liquidated in the past 24 hours for $750.05 million.
  • SoSoValue data shows net inflows of $1.03 billion into spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $204.8 million.

Trader Notes: CoinBureau co-founder Nic Puckrin highlighted the importance of Bitcoin breaching a 7-year-long monthly resistance trendline, which acted as the ceiling in past bull markets dating back to …

Full story available on Benzinga.com