Bitcoin, Ethereum, XRP, Dogecoin Edge Higher As Sentiment Stabilizes

Cryptocurrency markets are trading higher on Wednesday morning, with sentiment slowly improving.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $111,192.09
Ethereum (CRYPTO: ETH) $4,602.45
Solana (CRYPTO: SOL) $204.74
XRP (CRYPTO: XRP) $3.01
Dogecoin (CRYPTO: DOGE) $0.2207
Shiba Inu (CRYPTO: SHIB) $0.00001248

Notable Statistics:

  • Coinglass data shows 83,243 traders were liquidated in the past 24 hours for $263.75 million.        
  • SoSoValue data shows net inflows of $88.2 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ET’Fs saw net inflows of $455 million. 
  • CoinMarketCap data shows the crypto fear and greed index stands at neutral currently.

Trader Notes: Quinten Francois explained that Bitcoin has lost the $112,000 support and was rejected on its retest, confirming it as resistance.

The short-term trend remains bearish with lower highs and lower lows, pointing to potential downside toward $106,500 or even …

Full story available on Benzinga.com