Bitcoin Eyes $120,000 As Ethereum, XRP, Dogecoin Weaken

Cryptocurrency markets are trading sideways on Tuesdayas Bitcoin attempts to reclaim the $120,000 mark.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $119,799.44
Ethereum (CRYPTO: ETH) $3,711.00
Solana (CRYPTO: SOL) $201.99
XRP (CRYPTO: XRP) $3.56
Dogecoin (CRYPTO: DOGE) $0.2662
Shiba Inu (CRYPTO: SHIB) $0.00001529

Notable Statistics:

  • IntoTheBlock data shows Bitcoin large transaction volume and daily active addresses increased by 121.9% and 14.7% respectively. Transactions greater than $100,000 are up from 7,583 to 10,609 in a single day. Exchanges netflows are up by 225.7%.
  • Coinglass data shows 150,038 traders were liquidated in the past 24 hours for $540.70 million.
  • The top losers in the past 24 hours include Conflux (CRYPTO: CFX), Pump.fun (CRYPTO: PUMP) and Ethena (CRYPTO: ENA).
  • Bloomberg analyst James Seyffart stated on X that five different Bitcoin and Ethereum funds on CBOE filed amendments with the SEC for obtaining the ability to do in-kind creation and redemption.

Notable Developments: