Bitcoin, Ethereum, Dogecoin Begin ‘Uptober’ Deep In The Red, But Traders See This As The ‘Final Shakeout’
Posted On October 1, 2024
Cryptocurrency markets are trading lower amid escalating tensions in the Middle East.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $61,888.86 | -2.5% |
| Ethereum (CRYPTO: ETH) | $2,498.87 | -3.5% |
| Solana (CRYPTO: SOL) | $147.33 | -5% |
| Dogecoin (CRYPTO: DOGE) | $0.1074 | -9% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001633 | -8.3% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increased by around 99% and daily active addresses rose by 7.1%. Transactions greater than $100,000 are up from 5,655 to 9,193 in a single day. Exchanges netflows are down by 1,521.2%.
- Coinglass data reports 159,405 traders were liquidated in the past 24 hours for $482.24 million, with crypto long liquidations of $361.8 million at the highest since Aug. 5. Bitcoin long liquidations of $90.7 million are at the highest level since Aug. 5.
Notable Developments:
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