Bitcoin, Ethereum, XRP, Dogecoin Move Higher As Traders Await Further Inflation Data On Thursday

Cryptocurrency markets are trading higher on Wednesday as the markets await further inflation data on Thursday.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $121,638.56
Ethereum (CRYPTO: ETH) $4,714.84
Solana (CRYPTO: SOL) $199.22
XRP (CRYPTO: XRP) $3.26
Dogecoin (CRYPTO: DOGE) $0.2419
Shiba Inu (CRYPTO: SHIB) $0.00001378

Notable Statistics:

  • IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 6.9% and grew 18.2%, respectively. Daily active addresses dropped 2.1% and increased 4.6%, respectively.
  • Coinglass data shows 110,113 traders were liquidated in the past 24 hours for $529.79 million.   
  • SoSoValue data shows net inflows of $65.95 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $523.9 million. 

Notable Developments:

Full story available on Benzinga.com