Bitcoin Steadies Above $116,000 As XRP, Dogecoin Surge On Regulatory Boost, ETF Inflows

Cryptocurrency markets advanced Friday morning, fueled by favorable regulatory developments that spurred ETF inflows and strengthened institutional adoption sentiment.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $116,832.44
Ethereum (CRYPTO: ETH) $3,908.71
Solana (CRYPTO: SOL) $177.28
XRP (CRYPTO: XRP) $3.32
Dogecoin (CRYPTO: DOGE) $0.2231
Shiba Inu (CRYPTO: SHIB) $0.00001294

Notable Statistics:

  • IntoTheBlock data shows that Bitcoin and Ethereum large transactions decreased by 2.4% and dropped 15.7%, respectively, in a single day. Daily active addresses dipped 1.7% and grew 1.3%, respectively.
  • Coinglass data shows 103,582 traders were liquidated in the past 24 hours for $300.68 million. 
  • SoSoValue data shows net inflows of $280.7 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $222.3 million.  

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Full story available on Benzinga.com