Bitcoin, Ethereum Hold Steady As XRP, Dogecoin Slip

Cryptocurrencies are trading sideways on Tuesday, with the market in a holding pattern ahead of Wednesday’s FOMC meeting.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $118,689.11  
Ethereum (CRYPTO: ETH) $3,861.95
Solana (CRYPTO: SOL) $183.90
XRP (CRYPTO: XRP) $3.14
Dogecoin (CRYPTO: DOGE) $0.2277
Shiba Inu (CRYPTO: SHIB) $0.00001339

Notable Statistics:

  • IntoTheBlock data shows Bitcoin and Ethereum large transaction increased by 39.4% and grew 62.7%, respectively. Daily active addresses grew 13.8% and dropped 8.7%, respectively.
  • Coinglass data shows 158,664 traders were liquidated in the past 24 hours for $447.74 million. 
  • SoSoValue data shows net intflows of $157.02 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $65.14 million.

Trader Notes: Crypto chart analyst Ali Martinez estimates Bitcoin’s next cycle top at $149,679, based on updated projections.