Bitcoin Hits $116,000 As Ethereum, XRP, Dogecoin Rally On Weak Dollar

Cryptocurrencies are spiking on the first day of October, with Bitcoin reclaiming the $116,000 mark.

Cryptocurrency Ticker Price
Bitcoin (CRYPTO: BTC) $116,400
Ethereum (CRYPTO: ETH) $4,300
Solana (CRYPTO: SOL) $217.74
XRP (CRYPTO: XRP) $2.94
Dogecoin (CRYPTO: DOGE) $0.2428
Shiba Inu (CRYPTO: SHIB) $0.00001225

Notable Statistics:

  • Coinglass data shows 173,290 traders were liquidated in the past 24 hours for $623.06 million.     
  • SoSoValue data shows net outflows of $429.96 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $127.5 million.

Trader Notes: Daan Crypto Trades observes BTC testing the top of its bull flag/channel, aiming for a breakout. Holding the $112,000 support remains crucial. Daily closes above the channel would indicate readiness for new highs, …

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