Bitcoin, Ethereum, XRP, Dogecoin Bounce Back As Bulls Take Control Again?

Cryptocurrency markets are trading higher on Wednesday after President Trump dismissed rumors that he may remove Federal Reserve Chair Jerome Powell from his post.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $119,599.03
Ethereum (CRYPTO: ETH) $3,341.05
Solana (CRYPTO: SOL) $173.41
XRP (CRYPTO: XRP) $3.05
Dogecoin (CRYPTO: DOGE) $0.2082
Shiba Inu (CRYPTO: SHIB) $0.00001433

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increasing by 5.8% and daily active addresses falling by 8%. Transactions greater than $100,000 are down from 16,402 to 12,730 in a single day. Exchanges netflows are down by 3,017.9%.
  • Coinglass data reports 105,927 traders were liquidated in the past 24 hours for $366.21 million.
  • The top gainers in the past 24 hours include Bonk (CRYPTO: BONK), Floki (CRYPTO: FLOKI) and SPX6900 (CRYPTO: SPX).

Notable Developments:

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