Bitcoin, Ethereum, Dogecoin Drop Again, Continue Defying ‘Uptober’ Sentiments: Watch This Key Level For A Rebound To $63K, Says Analyst

Cryptocurrency markets are trading lower as geopolitical tensions continue to loom over global financial markets.

Cryptocurrency Price     Gains +/-
Bitcoin (CRYPTO: BTC)  $60,619.33   -1%
Ethereum (CRYPTO: ETH)  $2,342.84   -3%
Solana (CRYPTO: SOL)  $134.89  -5.8%
Dogecoin (CRYPTO: DOGE)  $0.103  -0.7%
Shiba Inu (CRYPTO: SHIB)  $0.0000159  -3%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume decreasing by 13.4% and daily active addresses falling by 15.9%. Transactions greater than $100,000 are down from 9,410 to 8,750  in a single day. Exchanges netflows are down by 4,310.1%.
  • Coinglass data reports 93,852 traders were liquidated in the past 24 hours for $263.49 million.

Notable Developments:

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