Bitcoin Consolidates Around $119,000 As Ethereum, XRP, Dogecoin Push Higher

Cryptocurrency markets are trading higher on Friday morning, with Dogecoin recording the biggest overnight gains.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $119,078.45
Ethereum (CRYPTO: ETH) $3,607.77
Solana (CRYPTO: SOL) $178.14
XRP (CRYPTO: XRP) $3.45
Dogecoin (CRYPTO: DOGE) $0.2395
Shiba Inu (CRYPTO: SHIB) $0.00001490

Notable Statistics:

  • IntoTheBlock data shows Bitcoin and Ethereum large transaction increased by 13.4% and 4.8%, respectively. Daily active addresses jumped 12.4% and jumped 4.5%, respectively.
  • Coinglass data shows 177,684 traders were liquidated in the past 24 hours for $822.87 million.
  • SoSoValue data shows net inflows of $522.6 million into spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $602 million.

Trader Notes: Crypto chart analyst Ali Martinez highlighted that traders are heavily shorting Bitcoin, creating a major liquidation wall …

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