Bitcoin, Ethereum, Dogecoin Trade Lower As China Stimulus Deters Hopes: ‘Perspective Is Key, Bitcoin Is Doing Great,’ Says Trader
Posted On October 8, 2024
Cryptocurrency markets are trading lower as China’s stimulus measures came in lower than expected.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $62,017.71 | -1.7% |
| Ethereum (CRYPTO: ETH) | $2,429.76 | -0.09% |
| Solana (CRYPTO: SOL) | $142.62 | -2.4% |
| Dogecoin (CRYPTO: DOGE) | $0.1066 | -3% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001712 | -3.7% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume increasing by 81.4% and daily active addresses growing by 15.2%. Transactions greater than $100,000 are up from 5,296 to 8,143 in a single day.
- Coinglass data reports 58,910 traders were liquidated in the past 24 hours for $179.70 million.
- Arkham Intelligence reported Fidelity alone has purchased more than $100 million Bitcoin over the past 24 hours.
Notable Developments:
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