Bitcoin, Ethereum, Dogecoin Dip As XRP Climbs: ‘Easy On Leverage,’ Cautions Trader
Posted On December 17, 2024
Cryptocurrency markets are trading sideways on Tuesday, as markets await the Federal Reserve’s interest rate cut decision. The Fed is expected to announce its third consecutive reduction with a 25-basis-point rate cut.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $106,263.2 | -0.1% |
| Ethereum (CRYPTO: ETH) | $3,928.85 | -3.4% |
| Solana (CRYPTO: SOL) | $226.35 | +3.8% |
| XRP (CRYPTO: XRP) | $2.62 | +5.3% |
| Dogecoin (CRYPTO: DOGE) | $0.3991 | -1.6% |
| Shiba Inu (CRYPTO: SHIB) | $0.00002676 | -2.9% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 124.1% and daily active addresses growing by 22.2%. Transactions greater than $100,000 are up from 9,619 to 16,509 in a single day. Exchanges netflows are up by 400.5%.
- Coinglass data reports 114,983 traders were liquidated in the past 24 hours for $279.92 million
Notable Developments:
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