Bitcoin Breaks $100,000, Falls Back Below, Ethereum, Dogecoin Follow Lower: A ‘Scam Dump’ To Wipe Out Leverage?

Cryptocurrency markets saw highly volatile trading on Thursday, with Bitcoin first crossing the $100,000 milestone but falling back to a low of $98,000 in the afternoon.

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 3.2% and daily active addresses falling by 3.4%. Transactions greater than $100,000 are up from 13,081 to 13,754 in a single day. Exchanges netflows are up by 131.4%.
• Coinglass data reports 180,428 traders were liquidated in the past 24 hours for $650 million.

Notable Developments:

• Coinbase Targets Southeast Asia Crypto Expansion By Supporting Development Of Baht, Peso Stablecoins: ‘Literally The Same Money But Just Faster’
• Anthony Pompliano Says Countries Are ‘Going To FOMO’ Into Buying Bitcoin
• Stablecoins: A New Tool For U.S. Dollar Dominance, Global Financial Access
• MicroStrategy Shares Rise Over 8% In Pre-Market As Michael Saylor Prepares For ‘Party’ After Bitcoin Touches Historic $102K …

Full story available on Benzinga.com