Bitcoin Breaks $111,000 As XRP, Dogecoin Outperform ETH

Cryptocurrency markets are trading higher on Wednesday morning, with Bitcoin reclaiming the $111,000 mark.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $111,640.45
Ethereum (CRYPTO: ETH) $4,375.33
Solana (CRYPTO: SOL) $210.68
XRP (CRYPTO: XRP) $2.85
Dogecoin (CRYPTO: DOGE) $0.2167
Shiba Inu (CRYPTO: SHIB) $0.00001241

Notable Statistics:

  • Coinglass data shows 109,129 traders were liquidated in the past 24 hours for $246.94 million.
  • SoSoValue data shows net outflows of $332.8 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ET’Fs saw net outflows of $135.4 million.

Trader Notes: Crypto trader Jelle noted that Bitcoin reclaiming $111,000 marks its first key test of strength. Holding the level would signal early recovery, while a move above $120,000 would confirm a return of strong bullish momentum. The focus remains on progressing step by step, he added.

Full story available on Benzinga.com