Bitcoin, XRP, Dogecoin Extend Declines As ETH Dips Below $4,000

Cryptocurrency markets are trading lower again on Thursday, with Ethereum dipping below $4,000 in overnight trading.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $111,576.43
Ethereum (CRYPTO: ETH) $4,009.45
Solana (CRYPTO: SOL) $201.84
XRP (CRYPTO: XRP) $2.81
Dogecoin (CRYPTO: DOGE) $0.2319
Shiba Inu (CRYPTO: SHIB) $0.00001186

Notable Statistics:

  • Coinglass data shows 134,702 traders were liquidated in the past 24 hours for $427.63 million.  
  • SoSoValue data shows net outflows of $241 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $79.4 million.

Trader Notes: Crypto trader Jelle explained that Bitcoin cycles historically run about 1,064 days from the market bottom, suggesting only 30 days remain in the current cycle.

This points to two scenarios: the cycle may be nearing its conclusion, or it could transition into a longer, more gradual bull phase.

Full story available on Benzinga.com