Bitcoin, Ethereum, Dogecoin Turn Red: ‘Timeline Got Bearish,’ Trader Notes
Posted On December 9, 2024
Cryptocurrency markets are trading lower despite U.S. Bitcoin ETF inflows nearing $10 billion.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $97,080.94 | -2.8% |
| Ethereum (CRYPTO: ETH) | $3,798.59 | -4.7% |
| Solana (CRYPTO: SOL) | $222.86 | -5.6% |
| Dogecoin (CRYPTO: DOGE) | $0.4355 | -6.3% |
| Shiba Inu (CRYPTO: SHIB) | $0.00002971 | -7.2% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 2.4% and daily active addresses increasing by 8.7%. Transactions greater than $100,000 are down from 9,621 to 9,044 in a single day. Exchanges netflows are up by 156.6%.
- Coinglass data reports 216,675 traders were liquidated in the past 24 hours for $567.91 million.
Notable Developments:
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